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Iraqi Dinar 123 News:- It was announced by the Ministry of Commerce that the people of Iraq need to be given proper aid. They need cash compensation for the issues with the ration card system. It is important that the people are facilitated in a proper way.

The economic stability of the country is determined on the basis of equal opportunities available in the country for all countrymen without any discrimination. The economists have different thinking about economic stability of any country. According to economists, the value of currency is the major indicator for any economy to decide whether the country is economically strong or not. The countries with the strong currencies have noted positions in the country.

The governor of central bank of Iraq said while talking with media that the central bank of Iraq has $70 billion as cash reserves that is enough for Iraq to support Iraqi Dinar in the present security and economic situation of Iraq.

The frozen assets of Iraq are under discussion by government officials and economists in Iraq. The government of Iraq is waiting for these assets to fulfill the deficiency of budget and also to enhance the economic stability in the country. Economists believe that Iraqi cash reserves will be double after adding these $82 billion.

After purchase of 36 tons of gold, the worth of dinar increased in local market of Iraq. That's why the deposits in government and private bank are increasing with the every passing day. The private association executive director Abdul Aziz al Hasoon told that the volume of cash deposited has grown this year to about 70 trillion Iraqi dinars.

Despite of recent poor law and order situation and low overall government revenues for the last 8 months, Iraqi dinar remained stable in the international market. The governor of central bank of Iraq said that it is all due to cash reserves and gold reserves available at central bank of Iraq.

Iraqi Dinar 123 News:- It has been announced that the budget would be helpful for the cash revenues worth 96 trillion dinars. A member of the Interim Committee said that the budget is limited and it needs to manage everything on a proper pattern.

Abidi said in a speech while hosting the Iraqi council of representative that Iraq is bankrupt now, but it suffers from the cash problems and it requires considerations of the economic strategy, stressing the importance of exploiting the currency economic situations in Iraq to go in favor.

The Central bank of Iraq denied the rumor about the stop of foreign exchange operation or cash sales dollar operations, and further cleared that economy of Iraq neither can nor run without this and we need to support this operation for the economic development.

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.

The Central bank of Iraq has to spend a huge amount of cash for the issuance of these notes in the market. Contrary to this the coins have longer age than that of paper currency and it can be stored for a longer period of time for the future use.

Iraqi dinar is traded at the rate of 1166 Iraqi dinar against one US dollar according to IMF currency exchange rate. But you will have to pay higher amount of cash if you are trading Iraqi dinar in the open market. The reason is higher fluctuation in the Iraqi currency in the open market. Therefore most of the people want to know whether investors of Iraqi dinar are stable or not.

Governor of central bank of Iraq Abdel Basset Turky said that Iraqi Dinar will not lose its value in the international market even the worst economic and law and order situation. He said that $70 billion dollars of cash reserves and more than 20 tons of gold is enough to support its currency in the international market.