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Iraqi Dinar 123 News :- Poppy believes that the revaluation process cannot be completed without final completion and approval of financial laws. Financial laws are in the parliament in the prescribed form for the final approval. All the ministries of Iraq will have to vote in writing in the favor of these financial laws.

According to analysts it has been reported that the economists in Baghdad said that if the budget announcement is delayed in Iraq it would prove favorable for the economy of Iraq. The developmental projects of the country would be delayed due to no financial assistance but the accumulation would lead to a financial benefit.

Iraqi Dinar 123 News:- The governor of central bank of Iraq Abdel Basset Turky announced a new payment system to settle the financial transactions between financial institutions and individuals. Central bank of Iraq introducing banking system according to international standards and introduction of this system is the part of mission.

After purchase of 36 tons of gold, the worth of dinar increased in local market of Iraq. That's why the deposits in government and private bank are increasing with the every passing day. The private association executive director Abdul Aziz al Hasoon told that the volume of cash deposited has grown this year to about 70 trillion Iraqi dinars.

With the aim to stabilize the currency of Iraq, the central bank of Iraq allowed money exchange companies to open bank accounts in Iraqi dinar and US dollar directly in central bank. The purpose of these accounts to expand the sales of US dollars and other foreign currencies so that dinar could be stabilized in the country. More than 34 local and international companies instantly accepted the offer of central bank for opening accounts.

Iraqi prime Minister admitted that there is a financial problem for the year of 2015 as there is a consistent oil fall in prices and this is creating the deficit of finances in the Iraq for budget as well, with this problems, there are chances that this problem may extend till 2016 as well.

Iraq is working hard to bring its economy under control. It has a few financial resources; how ever the ones include oil as their main item. The financial sector is actually owned by the banks and it is very important to keep in mind the importance of increasing the financial resources of the banks for the betterment of the country.

Iraqi Dinar 123 News:- There are numbers of development projects under operation and require prompt finance to ensure their continuity in Iraq. These development projects need funds on regular basis and the delay in budget means the delay in projects.

At the end of February 2014, the total size of hard currency reserve is equivalent of ninety trillion Iraqi dinars as announced by Central Bank of Iraq. Central bank of Iraq is not fully satisfied with these ninety trillion reserves. According to central bank, the reserves need to be over 100 trillion because of increased volume of trade in private sector of Iraq.

Central bank of Iraq is trying to build its trust among foreign companies, foreign investors and local traders for the successful financial operations. Now central bank of Iraq is responsible for the failure of economy bank in the financial operations. Central bank of Iraq formed a committee of three members to complete the process of Trusteeship and report it in the next few days.

The internal stack holders are all the political parties and the financial institutions. The external stack holders are international financial institutions like World bank and IMF etc. now WTO has also become the stack holder of Iraqi dinar revaluation because Iraq is now the member of World trade Organization. The problem with the revaluation of Iraqi dinar is just political environment of the country.

After taking economy bank of Iraq under the trusteeship, the central bank of Iraq warned its citizens to deal with Basra International Bank. Due to failure of many financial obligations, the central bank of Iraq decided to take Basra International Bank under the trusteeship. Therefore all the financial operations are suspended until the things gets normal.

These investors are mostly reputed international banks, financial institutions and x-army officers from US Army. If revaluation is scam and if investing in dinar is the wastage of time and money, so why these reputed banks and financial institutions are giant investors in dinar. We know every country of the world want its currency at the top of the list and every central bank try its best to stabilize its currency at local and international level, and same doing Iraq. Like other experts of dinar, I don't think that revaluation of Iraqi dinar will happen in the near future.

Iraqi Dinar 123 News :- With the help of international financial institutes Iraq has improved its financial situation. It has also been able to lessen its foreign debt because of these companies.By the help that these companies are providing Iraq; it will be useful in getting rid of debt and gain access to the credit rating which would lead to a better economic system of the country.

Iraqi Dinar 123 News:- It was announced that Baghdad would be paying eight thousand dollars for each US consultant that is working within the Iraqi region. Iraq has been facing a lot of crisis in the form of financial issues as well security issues.

It was announced by the ministry of Finance that they would improve the different issues related to those people who visit Iraq or come to Iraq to live or work need Aqahmas. Getting Aqahma easily is a good thing because it would attract people to come to Iraq looking for jobs.

The central bank called in specialists to manage the important issues faced by the Iraqi banks. Hadi-al-Tamimi was hired who came to a conclusion that all the issues faced by the private banks were due to the non following of the rules and regulations laid out by the Central Bank.

The Member of Parliament for the Liberal bloc, Magda al-Tamimi said that "among the definitions section (2) of the Financial Administration Act and the Public Debt No. 95 of 2004 amended there is a clause stating that the budget allocation is the legal authority granted to the government to spend public money during the fiscal year for the purposes of specific.

According to an expert Anton, it was stated that the Convention within the financial institution and the management of Iraqi bank does not give correct mathematical statements. It is important to have access to the legal accountability within the criminal convention. He said that the lack of management and implementation of laws in the Iraqi system of governance is with the failure of its financial and monetary system.

Iraqi Dinar 123 News:- Iraq is facing lot securities and financial issues but still Iraq's economy considering for global economic development at international level. Because Iraq is larger oil producer in worldwide, that's the reason the foreign world trying to build their financial and trade relation with Iraq with positive attitude.