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Despite the claims of security forces of Iraq, the militants advancement is continue towards Baghdad and now they are in Baquba, the city near Baghdad. According to recent BBC reports, the militants have gained the control of this city and now so close to Iraq capital city Baghdad that is the destination of Islamic militants ISIS.

The economy of Iraq is in the crisis for last 8 months due to clashes between Iraq security forces and Sunni Militants in the different areas of Iraq. The northern area is especially affected with these crisis and the business opportunities have been destroyed because of these clashes. The foreign companies are facing heavy losses due to this poor security situation in the country.

The ministry of planning admitted that inflation rate in Iraq increased in the last 2 months to 3.2% that resulted to 5.4% annual increase in the inflation rate. The major cause behind this increase is considered the high prices of eatables in the last two months because of clashes between Iraq security forces and Sunni Militants.

Iraqi Dinar 123 News:- The northern border of Iraq is closed due to clashes between Iraq security forces and ISIS. Because of this the laboratories and factories are facing shortage of necessary raw material to fulfill the market demand. The laboratories and factories are facing huge difficulties in importing the required material through northern border of Iraq.

Iraqi Dinar 123 News:- The Kirkuk oil fields of Iraq produce 25 thousand barrels per day. It was under the control of Baghdad for the several years but the recent clashes between Iraq security forces and rebel militants have changed the things almost completely.

Iraqi Dinar 123 News:- The political condition of Iraq is in the crisis fort last twelve months. The political clashes between Kurdistan regional government and Baghdad has become several in the last couple of months. Kurdistan regional government decided to boycott as protect against oil policies of Baghdad.

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.

Poppy talks about new banking laws introduce by central bank of Iraq to bring foreign investors in the country. Poppy is of the view that New Banking Laws will attract numbers of foreign investors in the country. It will also be helpful for Iraq to attract bring back those investors who left the country after clashes between security forces and Sunni militants.

The capital flight from Iraq has become a serious issue for Iraq government because of the recent clashes between Iraqi security forces and militants. Despite of government surety of protection, most of the foreign companies have shut down their business operations in many of the big cities of Iraq temporarily.

We have seen extraordinary rise in the commodities in Iraq since the situation has become instable by the clash between Iraq security forces and Islamic State for Iraq and Syria (ISIS) a Sunni militants group. People in Iraq are piling the vegetables and other eatables in their home to avoid any shortage of these commodities ...

The governor of central bank of Iraq in his statement said that he is fully confident that Iraq economy will not be affected by recent clashes in the country and they will be able to maintain their currency in the international market.