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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:- Mustafa Hashmi said the world has introduced so many advanced payment methods to assist the local and international trade and Iraq will have to apply them in its business to enhance the trade activities in the country as well as in the world.

Central Bank of Iraq is continuingly introducing new methods to protect currency from forgery and counterfeited issues to stabilize the Iraqi dinar at local and international market. Recently, central bank of Iraq introduced two codes for two currency notes 250 and 500.

Iraqi Dinar 123 News:- Central bank of Iraq is introducing new banking reforms to support local and international trade. These reforms are expected to bring positive change in the behavior of foreign companies for Iraq and its local companies. Central bank of Iraq under the supervision of governor Salman introduced new payment method for local and international companies operating in Iraq.

Central bank of Iraq is always looking for tools and techniques to stabilize its currency in the international market. Time to time it introduced different methods that it considered to be beneficial for Iraq and its economy. The recent technique that central bank of Iraq going to introduce is to buy 36 tons of gold ingots.

The Central bank of Iraq struggled hard to control this situation in the country. Central bank applied number of techniques and methods to overcome this situation but most of the efforts resulted in vein. The final thing that central bank could do was the reprinting of these notes. Central bank issued new notes and circulated it in the country through commercial banks.

The coins and paper currency both are under discussion by numbers of economic experts in Iraq. The experts are looking for the best method of payment system in the country. Some of the economists are in the favor of coins and some other are against the issuance of coins in Iraq market.

The economic experts like Yasser Hussein say that Iraq will have to focus on the development of banking system of Iraq as it is sure way to attract foreign companies for the purpose of business in the country. The banking system of Iraq is operating the traditional and old banking methods in their routine business operations that are so poor strategy by the government and central bank of Iraq.

Iraqi Dinar 123 News:- According to economic experts the people of Iraq need a good budget for a better financial situation. It was revealed that if the 12/1 method would be used for the calculations, the management of the budget would not be positive rather it would leave a negative impact on them.