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Now the most important challenge for the Iraq is to look into the matter of Macro Economic Stability, and for this planned expenditures needs to be cut down, while preserving the key social needs and spending. Iraq needs to manage its large oil reserves, rising oil revenues by building up the fiscal, financial and external buffers.

The new parliament of Iraq is seating at 15th of June 2014 in the parliament house to decide the prime minister of Iraq. Hopefully Noor Al Maliki is the new prime minister of Iraq again. Unfortunately, parliament of Iraq will not be able to approve budget of Iraq for 2104 because Kurdistan regional government is not participating in the budget meeting.

Iraqi Dinar 123 News:- Iraq is facing lot of challenges internally and worldwide these days. The lower oil price internationally is a big challenge for Iraq. Iraq oil exports are down gradually. Iraq is one of the larger oil producers in the world but low oil prices effected Iraqi exports.

The insurance sector in Iraq is facing the great problems in Iraq, even though this sector has the native laws and regulations, which has made this sector as a very important sector of the Iraq.

The experts have divided into two groups about Iraqi dinar revaluation. One group has strong opinion that dinar can revalue in near future. Now when that near future is expected to come relies on many factors. Other group is of the view that dinar is facing many challenges. The economy is in bad condition, the security is in bad condition and also the annual revenue is just reasonable. That's why dinar is not going to revalue at least in coming ten or more years.

CBI, also known as Central bank of Iraq is the main bank of Iraq. The Bank is busy in making progress for country. It makes several plans including taking care of currency, economy, oil production, and growth of other industries, etc. However, making progress in present condition is not an easy task to carry out. For this reason, Iraq is facing several challenges towards its journey to complete success.

The government of Iraq has been getting the support of international organizations in setting up the new policies, which could help Iraq to meet its economic challenges. The IMF is helping Iraq a lot in medium term economic reform program. This program will help the Iraq to improve its fiscal sustainability, and this will lead to the economic development for Iraq.

Iraqi Dinar 123 News :- In his first speech after appointment as prime minister of Iraq, Haider Abadi said he will have to take tough decisions to take Iraq out of the recent crisis. Iraq has so many challenges that Abadi has to face.

war-affected region, and upcoming challenges in the Iraqi Economy in the supervision of the countys acting finance of oil production of 3.2 million barrels, which is the best rate of increase in the oil production of Iraq. This year oil exports remains on the 2.6 MBPD. This forecast looks different, i.e.

The development in the negotiation between Iraq and the Kurdistan is reported by Iraq media to create consensus between both of the regions to meet the challenges of the country. For this purpose a meeting is going to hold in Baghdad between Iraq government officials and the Kurdistan delegation. According to Iraq media the delegation will discuss the present tension between Iraq and Kurdistan about Iraq oil policy.

The central bank of Iraq is aim to improve the banking structure of Iraq according to ongoing circumstances to meet the challenges of new world. For this purpose, central bank of Iraq is working on a mechanism that will enhance the performance and functionalities of these commercial banks of Iraq.

Iraqi Dinar 123 News:- The banking expert Samir Alnasiri announced that private banks are setting their standards to achieve the proper goals for a better system of management in handling the challenges that they face. The banking sector needs to update itself to come at par with the international banks.

Iraqi Dinar 123 News:- Iraq needs better strategies to bring the kind of development in the country that would bring Iraq at par with the rest of the world. It needs to upgrade its system of management and bring in to consideration a better developmental challenge.