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Head of the Association of private banks in Iraq Wadi Nuri Monday, launching an extended workshop for civil and private banks in coordination with the Central Bank to discuss the latest Iraqi dinar exchange rate against the u.s. dollar in the local market.

If the oil minister was right, Iraq is hiding under its soil the quarter of the oil of the entire world. When we talk about the economy of Iraq, we mostly discuss oil, because this is the major contributor.

After 2003, the education system of Iraq got better. It was seen that it suffered a downfall soon again in 2007. How ever, the government is trying to invest more in its education, so that the people of Iraq would make efforts to educate their children which would be good for the future of the country.

The government of Iraq requested United States of America for air strikes on Sunni Militants marching towards Baghdad. Noor Al Maliki said that these militants are big threat for America and Europe; therefore it is in favor of US to attack these militants. Noor Al Maliki is disappointed with the latest news from all over the country of the control of Islamic Militants over numbers of important cities of Iraq, including one of biggest oil refinery of Iraq in Baiji.

Iraqi Dinar 123 News :- Economists have said that the banking sector of Iraq needs development according to the latest techniques followed all over the world. The first thing to do is that the central bank of Iraq needs to raise its capital to 250 billion dinars for each bank.

The BGG in its latest news post announced that revaluation can happen before general elections of Iraq. The revaluation will not be effected by any of the change in the government as it is national issue. Every government will have to resolve this issue for national interest.

Iraqi Dinar 123 News:- Dr. Ismail is nominated as new governor of Iraq according to latest media reports. The new government has decided to withdraw Abdel Basit the old governor of central bank of Iraq.

Iraqi Dinar 123 News :- The central Association of private banks is thinking about developing a proper plan for the restructuring of the banking sector. The banking sector of Iraq is lagging behind in technology and latest banking techniques.

Iraq purchased 36 tons of gold in at the end March 2014 to increase the value of dinar in the international market. This high value purchased of gold surprised the whole world. Central bank of Iraq is planning to purchase more gold in near future that will further enhance the value of Iraqi dinar in the international market.