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Iraqi Dinar 123 News :- The economic issues faced by Iraq have been the biggest reason for the set back that the country has been facing since quite some time now. The economic issues are growing and there is no proper strategy to deal with them.

This is the result of these efforts that many of the reputed foreign banks are operating in Baghdad and in the many other cities of Iraq. Some other foreign banks are also willing to open their bank branches in Iraq. The addition of these banks will support foreign companies operating in Iraq in their business operations.

Iraqi Dinar 123 News:- The banking expert Samir Alnasiri announced that private banks are setting their standards to achieve the proper goals for a better system of management in handling the challenges that they face. The banking sector needs to update itself to come at par with the international banks.

We all know about the war in Iraq. When America led war in Iraq, it spread destruction on a large scale of the country. After that it was a difficult task for the new government to reconstruct it. The economy was down at its low. By the time passing, the g...

Iraq is one of the fastest growing nations of the world according to the recent World Bank report. The report says that the rate of economic development of Iraq is better than all the other countries of the Middle East and also in the Arab Countries. The expected growth rate of Iraq is also better than all other countries in the region according to World report.

In the early 60s, Iraq was a powerful economy and its currency was dominating international market. Each dinar was worth $3 plus. The condition would have not go worst if Iran had not attacked the country.

Iraq is now free from all the sanctions imposed by UNO after invasion of Kuwait in 1990. Now Iraq and its economy both are free and now they can grow in the world in the shorter period of time. Everything is not over and we will have to wait for the formation of new government.

Association in Erbil organized a seminar to examine the economic development, honored banking possibility of developing banking sector and the contribution of the banking sector. Association conducted in the meeting that there is a potential of banking industry in the Iraq and the growing sector of banking can really helpful for the financial development of Iraq.