The opening of the international stock exchange in Kish? Will prosperity return to the capital market?
According to the report of Tejarat News, according to the announcement of the chairman of the economic commission of the parliament, the international stock exchange is going to be launched. What is the international stock market and what is its use?
Mohammad Reza Pour Ebrahimi, Chairman of the Economic Commission of the Parliament, mentioned the establishment of the International Stock Exchange and said: According to the request of the House Secretary of the Supreme Council of Free Zones of the country, the platform for the establishment of the International Stock Exchange in the Free Zones of Kish is going to go through its final stages.
This representative of the people in the Islamic Council pointed to the establishment of the international stock exchange as a good news for the people and stated: According to the request of the secretary of the House of the Supreme Council of the Free Zones of the country, the platform for the establishment of the international stock exchange in the free zones of Kish is supposed to complete its final stages. go through This issue has been approved by the country’s stock exchange organization and will go to the Supreme Council of the stock exchange within the next one to two weeks. Therefore, it is expected that within the next month, the resolution of the Supreme Council of the Stock Exchange will be presented regarding the establishment of the International Stock Exchange. Undoubtedly, the International Stock Exchange has the capacity to import currency and will be active in the field of bonds as well. Even according to its activities, it can also enter the commodity fields.
Everyone’s request to launch an international stock exchange
It was early this year that Saeed Mohammad, the secretary of the Supreme Council of Free Zones, said that the international stock market is one of the main issues that we have followed up and prepared for it since entering the free zones. The international stock exchange is a very good capacity that we can have in the free zones and in a way it can help the mainland stock market as well. For the establishment of the international stock exchange, we are waiting for the officials of the stock exchange organization to put the issuance of the license on their agenda.
After this interview, Saeed Mohammad, Bahadur Bijani, advisor to the head of the Stock Exchange Organization in international affairs, said that the establishment of the international stock exchange has been on the agenda of the Stock Exchange Organization for the past few years. With the cooperation between this organization and the secretariat of the Supreme Council of Free Zones, this project has progressed significantly.
A few days ago, on the third of August this year, the Secretary of the Supreme Council of Free and Special Economic Zones, stating that the International Stock Exchange in Kish will be opened soon after the issuance of a license by the Supreme Stock Exchange Council, said: This stock exchange is to attract foreign capital and provide foreign currency financing. is launched.
Despite these pursuits for the establishment of the international stock exchange, it should not be expected that this stock exchange will be opened and used soon. Because the international stock market has many problems.
What is the problem of this international market?
It has been several months that every day there is news about the agreement or non-agreement in the JCPOA, and somehow the status of the JCPOA is not clear. Uncertainty in negotiations has a negative effect on the country’s economy. In this situation, the country and the negotiations for the opening of the international stock market are considered a contradiction.
Experts say that the negotiations are in an inconclusive state and this issue has a negative impact on the country’s economy. Some analysts believe that despite the sanctions, the opening of a market called the International Stock Exchange imposes additional costs on the country’s economy. If the negotiations do not reach a conclusion and the sanctions are increased, the opening of an international market will only result in losses.
On the other hand, if sanctions are reduced or an agreement is reached. This market can be very economical for the country.
What is the international stock market?
The international stock market is the stock market where the shares of various companies and currency are exchanged. There are different markets in the international stock market that operate in several different areas. Buying and selling currencies of different countries that are considered valuable is a part of this stock exchange.
Any payment that one country makes to another country and the market where national currencies are bought and sold by those who need them for such payments includes the international exchange.
International stock exchange is one of the safest and most important means of communication between the world. Although Iran is dealing with economic problems and anomalies caused by sanctions, many countries in the world and the region are eager to use the potentials in the country. This exchange can be our connection point to different countries of the world including Asia and Europe. For more than two decades, officials have been trying to establish this connection under the guise of an economic process such as the stock market.
Most of our exchanges like; The stock exchange, the foreign exchange and the brokers’ association are members of the international authorities of the Eurasia capital market and… In fact, we are a permanent part of these organizations and this market can be a very suitable window for exchanges in the international field. Of course, this issue is subject to the success of the negotiations and the revival of the JCPOA.