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Experts: Gold Prices Decrease to Cast a Negative Impact on Dinar Value Central bank of Iraq purchased 36 tons of gold last month to stabilize the value of dinar in the local and international market. The bank is planning to buy more gold in the near future that will further help central bank to control the value of dinar and stabilize it in the market.

Iraqi Dinar 123 News:- The value of dollar is continuously decreasing in the international market due to unrest political and law and order situation in Iraq. The conflict in Ukraine is also considered as the major reason for decline of dollar in the international market.

The dollar decreased especially against the rival. The Euro also decreased in the value in international market against rival by .04%. To combat the international economic issues, the central bank of Iraq is launching new monetary policy to control and stabilize the economy of Iraq.

The governor of central bank said that, we are aim to maintain the quality of gold in the country. Now the local traders, gold importers can buy gold ingots from central bank of Iraq rather than to import it from other countries of the world at a higher rate than that of rate offered by central bank of Iraq.

The Minister of Finance and the Governor of the CBI need to discuss the different events and manage the things so that everything can be handled in a better way. The GDP is based on the management of a better Iraqi government. It is important that the new growth rate should be implemented and things should be handled with care and managed with a better system of growth for the oil industry in Iraq.

Iraqi Dinar 123 News:- The glamour metal can be seen at its lowest price for the last six months in the market. The gold prices decreased in the market so fast for the last 4 weeks. It is very difficult to overcome the heavy losses cause by the decreasing gold prices in the international market.

We all know about the condition of Iraq after the war. Its economy has faced downfall and still it's not that much strong then it was before the war. Not only is its economy, there are many issues like decrease in the value of currency and fewer jobs available.

Iraq and Kurdistan could not create consensus between each other on the oil policy and as a result annual budget of Iraq is pending approval. The value of US dollar decreased in the last two days against Iraqi dinar and it is all due to positive policies of central bank of Iraq.

The role of the Iraq government is increasing or decreasing in the economy of Iraq is not clear and has two different opinions. Some economists believe that the role of central bank s increasing in the economy of Iraq and some believe it is not. Being independent body, the central bank of Iraq is responsible for all the economic policies of Iraq.

Many minds succumb to the hype that the USD will come down to its value, which would be the revaluation of the USD on any scale. This would be the normal phenomenon of decrease in USD value and the increase in IQD value.

Jaafar Al Hamdani said that "we are building the good relationships with foreign companies this is important for us to sustain the international markets. There is globally downfall in the prices and its effecting economic development in Iraq but the decreasing oil prices will not affect the Iraqi dinar value."

A member of the Parliamentary Commission of Economy Aziz Mayahi "The government revenue and private provision of public service to the citizens decreased dramatically after the change that took place in 2003 due to the cancellation of the government a lot of tax laws.

Iraqi Dinar 123 News:- After remaining at boom in the Asia and other developing countries, the oil prices decreased in the international market more than 1%. In the beginning the prices were increased in the global market due to sudden changes in Iraq when militants attacked Iraq.