The ISX is the primary stock exchange in Iraq…the redenomination of the Iraqi dinar will not directly impact the ISX or the stocks traded on it. Stock prices are determined by market forces such as supply and demand…If there’s any kind of effect on the Iraqi Stock Exchange it would be that people might panic a little bit…The prices are all done in US dollars. It’s not in Iraqi dinars…so redenomination is not going to have any effect the value of the stocks on the stock exchange. If they change the exchange rate against other foreign currencies it will affect the stock prices….
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