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With this membership the export of Iraq will increase in the European markets especially the export of crude oil. The investors will invest more than before to produce more products as they have a big option in the mind. The employment opportunities in the country will also increase and there will bring balance in all the sectors of economy.

Iraq is allowed to export its products in the European markets after this membership that was ban before. The economy of Iraq will definitely boost up after the membership because local and foreign investors will invest in the country more than ever. The oil ex[port will reach 7 million barrels per day by 2016 instead of 2017, the target set by Iraq.

It was reported that the price of dollar went down on Tuesday. This was a huge set back for all the investors. The Council of the Federal Reserve has a meeting round the corner which was expected to have caused a raise in the price of dollar. The investors were waiting for the meeting so that they could watch the increase in the interest rate.

It can be seen that more than 28 international business councils are ready to provide support to Iraq for a better and balanced system of economy. This act is being done due to the present conditions of Amrabha. Jaafar al Hamdani said that several Arab associations and international boards of joint business for a better system of doing joint business in Iraq and other Arab countries.

According to the CEBR (London's Centre for Economics and Business Research), the Gulf Cooperation Council (GCC) and World bank's report the foreign direct investment in Iran, Iraq, Lebanon, Egypt and Jordan is increasing with the every passing day. Iraq is taking lead in foreign direct investment against all other Middle East countries.

The Central Bank of Iraq announced that the gold reserves of Iraq have reached 112.4 tons this month, with the hope that Iraqi dinar will regain its value back in the market. This is the highest figure of gold reserve in the history of gold reserves of central bank of Iraq according to world gold council.

The discussion of Iraqi dinar is at peak these days due to several big changes in the economy of Iraq at local and international level. One of the biggest changes that we observe in the economy of Iraq is the membership of council of 17 that allowed Iraq to trade in the biggest market of the world. We are all waiting for the development of the economy of Iraq.

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.

Iraqi Dinar 123 News:- The General Secretariat of the Council of Ministers announced that they are approving the capital of Rasheed Bank of Iraq from 50 billion dinar to 250 billion according to company Act 22 of 1997. The bank received massive investment from foreign investors in the country in last one year.

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.

The Central Bank of Iraq on Monday; asked the different ministries and departments to show the letters of guarantee that have been issued to the clients. The managing authority of the Central Bank issued orders as; "The bank asked the General Secretariat of the Council of Ministers circular to ministries and relevant agencies for the purpose of patient claims for letters of guarantee issued by the Bank of the economy the fact that the bank in the rehabilitation phase.

Erbil market for securities managed to gain membership for the Union of Arab Stock Exchanges and participated in the annual meeting in June for the first time. The Chairman of the Administrative Council Abdullah Ahmed Abd Rahim said that being a part of the market would prove to be quite helpful for our workers.

Iraqi Dinar 123 News:- The capital of the Land Bank was increased from 150 billion dinars to 500 billion dinars. This was important according to the council Members and the Prime Minister who announced the amendment in a special meeting. The statement that announced the amendment also said that this was an important thing to do.

The new members of the parliament failed to manage the legislative acts the way they should have. The Baghdad Provincial Council was asked to bring forward the General Budget Law and to have it dispersed to the regarding institutes before the end of the fiscal year.