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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.

Iraqi Dinar 123 News:- Central bank of Iraq invited all the ministries of Iraq to adopt new payment system in their routine business affairs. Iraq introduced new payment system to modernize the banking system of Iraq to attract foreign investors and other multinational companies.

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.

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.

Iraqi Dinar 123 News:- Central Bank of Iraq is struggling hard to bring foreign investors in the country. With the every passing day CBI along with Finance Ministry of Iraq is trying to modernize the banking system to comfort the foreign companies willing to operate in the country but feeling threats from security situation of Iraq.

Iraqi Dinar 123 News :- For the development of Iraq it is important to build relationships with international banks. This way the country would be able to help in making payments for the investments and debts.

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.

It was declared by economic experts that the decline in the prices of oil would cause problems for countries like Iraq who need to gain the maximum benefit from their major natural resource which is oil. The companies that handle the payments that the different companies have to give them from overseas because they are gaining benefits for a certain period of handling the different data.

Iraq has been suffering from a lot of war after effects and it is being helped by other countries to do repairs and get over the war after effects. Kuwait has been providing Iraq with the money for these repairs but it is expected that the next installment might be delayed.

Iraqi Dinar 123 News:- It has been reported that the experts are demanding the need of the Iraqi market to handle things through the Rafidain bank ATM. The economic experts claim that the ATM is a great system of managing payments which has been doing a great job for the past four decades.