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Iraq demanded support from the Republic of Venezuela in his efforts to join the World Trade Organization (WTO), while stressing the need for cooperation between the two countries in all fields, especially in the field of economy and investment.

When a currency loss its value in the domestic market so it is difficult for it to be valued in the international market. Therefore, Iraq will have to monitor and combat this situation as much as possible. If dollar is demanded more than Iraqi dinar in the market, the value of Iraqi dinar is lower. Iraq will have to enhance the trust of the people in its own currency to regain its value back in the market.

Iraqi Dinar 123 News:- The central bank of Iraq in its statement said auction sale of foreign exchange in the country is to balance the foreign exchange rate in the market. It is admitted fact that demand and supply of foreign currency in the country create direct impact on the value of local currency in the market.

Most of the Asian countries have started their trade in Gold instead of other currencies since Iraq started international trade in gold. Some sources also say that Iraq is not accepting US dollars or any other currency for trade of oil and gas in the international market. Iraq is accepting gold for international trade as a currency. Actually Iraq is moving towards barter in the international trade.

Central Bank of Iraq knows that the demand and supply of dollar can impact the currency of Iraq in the local and international market. Therefore, Central Bank of Iraq is trying to keep demand and supply of Dollar under control to stabilize the currency of Iraq.

The gold prices went down on Tuesday. This happened with the stocks of Asia which rose and remained above the level of $ 1300 per ounce. This happened within the tensions that are hovering in the conflict in the Ukraine and Gaza area. This increased the demand of expensive metals as an asylum. Despite the conditions in these areas, everything is still in demand.

On the 16th there may be a floating rate. 1 to 1 and then it may be released into an open market policy. Open market operations…sellinggovernment bonds. The demand for the iqd had increase and the value is about to increase significantly.

The World Bank survey report shows that the per capita income of Iraq people is rising with the every single passing day and therefore they are looking for new products that don't assist in the domestic market of Iraq. The different companies received several request to provide specific products that don't assist in the Iraq market and therefore they are looking to import such products from international market to fulfill the demand of the people.

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:- We saw many of the important techniques and methods applied by central bank of Iraq to monitor and control the value of Iraqi dinar. Some of these methods are still in the market. Iraq was indebted to the many of the countries for the number of years.

Iraqi Dinar 123 News:- The Italian Prime Minister Mateo Rinci met Nuri al Maliki and Dr Haider Abadi separately. It was seen that the US and the European countries are now demanding a better system of management by Iraq.

Iraqi Dinar 123 News:- It has been reported that the experts are demanding the need of the Iraqi market to handle things through the Rafidain bank ATM. The economic experts claim that the ATM is a great system of managing payments which has been doing a great job for the past four decades.

The news that came in from a source in Turkey about the Iraqi Dinar that it has become stable. This is great news for all the investors and the local Iraqis. The Iraqi citizens demanded that they could store the foreign currency on temporary bases which would be balanced as per the orders of the governor of Iraq by 1.3% of the US dollar.

The economists believe that dependence of oil will seriously harm the economy of Iraq. The economy of Iraq will be in disaster if global market faced any crisis. Iraq must understand that just oil industry cannot satisfy the whole demands of the country. The oil industry alone cannot produce the jobs for everyone.