Group items tagged

The report issued by International Monetary Fund shows that the GDP of Iraq is higher than all other Middle East countries now. According to IMF Qatar and Iraq are going well and can be considered as competitors in 2015, with the growth rate of 7.1% and 6.7%. With the 4.4% growth rate, the United Arab Emirate is at number three leaving behind Algeria at fourth position.

Iraq designed five years economic policy for its country to enhance the oil production and export of oil in the international countries. Central bank of Iraq with the cooperation of government struggled well to enhance the value of Iraqi dinar in the international market.

This is a good news for Iraq for being placing at the Arab level on Second Number whie at 92nd number on the global level in the index of power engineering 2015. This has measured the performance of power engineering of the world economic forum 2015, which was issued for the third year in a row.

Iraqi Dinar 123 News:- To ensure the index of investment attractiveness among seven geographical groups, the Arab region ranked fourth in the world according to report prepared and issued by an Arab financial institution. The Arab region got 36.7 points in overall ranking to ensure its fourth position.

Iraqi Dinar is one of the most profitable top ten currencies of the world. Iraqi dinar came into circulation in the year 1932. The Iraqi dinar suffered ups and downs, with the World War and the Gulf War. Later, it regained its position at a good rate in the world currency market.

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.

According to the Kuwaiti Petroleum Company also known as KPC, the increasing production of Iraqi oil will deeply impact the oil exports of all the exporting countries in the gulf region. KPC considers Iraqi oil as its strong competitor in the international market that can reduce its oil export revenue to a sufficient level.

Iraq has major oil reserves and this has remained hard for powerful nations to bear this fact. Iraq used to be very strong economically wise, but it has lost its value over the years. There was an era before the Gulf War, when the country had its currency at a very strong level. Even dollar had no competition with it.

Iraqi Dinar 123 News:- Iraq has been suffering badly since after the Gulf war and it has been a big problem for the people of Iraq. The country has not been able to develop as it should have and keep at par with the rest of the world.