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According to analysts it has been reported that the economists in Baghdad said that if the budget announcement is delayed in Iraq it would prove favorable for the economy of Iraq. The developmental projects of the country would be delayed due to no financial assistance but the accumulation would lead to a financial benefit.

It was declared by economic experts that the decline in the prices of oil would cause problems for countries like Iraq who need to gain the maximum benefit from their major natural resource which is oil. The companies that handle the payments that the different companies have to give them from overseas because they are gaining benefits for a certain period of handling the different data.

The historic review of per capita income of Iraq shows the relations of Iraqi economy with fluctuations in the oil prices. Let's start from 1980, when oil crisis lead to the higher oil prices, which result in rise the per capita income of Iraqis which was $3453 as per the records of world bank.

The increase in consumption will lead to annual prices of oil in international markets, so the oil prices heading upward to increase to more than 120 dollars during the next two years, and this is what would best benefit the developing countries that rely on oil as a major source of the economy.

Iraqi Dinar 123 News :- The Islamic banking System is a good system for Iraq to attract businesses and gain maximum benefits from it. According to experts, it is important that the commercial banks should bring business in its bets form to earn the maximum profit for the betterment of the public.

The price of Brent crude oil settled below $ 60 per barrel on Friday which was a good thing for not just Iraq oil consumers but oil consumers over the world. With the prices receding countries like Iraq gain a lot of benefit as low prices attract more clients.

Iraqi Dinar 123 News:- Economic experts are trying to manage things for the betterment of the financial and banking sector of the country. They are trying to smooth the progress of the different operations to manage the public and help them gain the different benefits for the betterment of the people.

National Business Council of Iraq said that Iraq is rich country in the natural resources that need international efforts and cooperation to get maximum benefits from these available resources. The clashes between Iraq security forces and Sunni militants affected the economy of Iraq badly. The experts believe that there is no any military solution of Iraq situation.

It was reported that the private banks sold the U.S currency in the black market using the passports if the citizens. The economists said that several currency traders are taking wrong benefits of the citizens by taking their passports in exchange for cash. They are doing so to smuggle the currency from the local market and sell it out of the country to go above 30 percent.

It was shown on Saturday that Rasheed Bank wanted to announce and show the properties of the investors to increase the profits in several provinces under specific circumstances. Mohammad Kazem, the bank director reported that the bank would open its branches in Erbil, Dohuk and Sulaymaniayah with an Islamic banking branch opening in Erbil for the benefit of the clients.