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The economic world is looking for currency reforms in Iraq and monitoring their plan for economic development of Iraq. The recent actions taken by central bank and the government of Iraq for economic and currency reforms in the country, shows that both of these institutions are so serious and looking for prompt positive results from these reforms.

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.

Iraqi Dinar 123 News:- The newly formed government of Iraq needs reforms. It needs help from economists and experts form other sectors to manage things for a better tomorrow for Iraq. A workshop was set up for the government to remind them of the new formation of the economic policies to be done son and with proper management to avoid the problems faced by the country previously.

The economic legislations are badly needed to bring out country from this economic crisis. The legal experts are trying to find out the ways to bring country out of this crisis as soon as possible. To protect the states resources and implementation of the projects and plans properly, the legal expert Adel Al Lami pointed to lagging in the implementation of projects and the low level of performance.

Iraqi Dinar 123 News:- It has been announced that the budget would be helpful for the cash revenues worth 96 trillion dinars. A member of the Interim Committee said that the budget is limited and it needs to manage everything on a proper pattern.

Iraqi Dinar 123 News :- Corruption and money laundering are some of the major issues for Iraq for last couple years. Both of these issues are going parallel and need to be addressed. Millions of dollars are laundered every year from Iraq in the nearby countries that cause million dollar loss to the country.

The government of Iraq has been getting the support of international organizations in setting up the new policies, which could help Iraq to meet its economic challenges. The IMF is helping Iraq a lot in medium term economic reform program. This program will help the Iraq to improve its fiscal sustainability, and this will lead to the economic development for Iraq.

Iraqi Dinar 123 News:- The expectations of the world with new government of Iraq are high. Not only Iraqi but foreign stakeholders are also expecting some productive reforms from new government of Iraq. We have seen some prompt changes in the economy of Iraq after the appointment of Haider Abadi as prime minister of Iraq.

Iraqi Dinar 123 News :- The government of Iraq has planned something that would help in solving all the problems faced by the country economically. According to the experts it is important that the economic affairs are dealt with for the importance of the government program.

Speaker for parliament on 23 December announced an agreement between the three presidencies to choose advisers for the purpose of economic reforms and to handle the other activities, and helping the government structure to be improved.

A meeting was called by the newly elected administrative board of the private banks in Iraq. It was for the betterment of the country to manage the handling of the different things in the right way. Mehdi Al Hafez, the oldest parliament member shed light on the world interest in Iraq due to oil and how the IMF and the World Bank have been offering to help them make reforms.

According to news reported by the agencies; President Ativs who owns the largest aircraft management company in South Korea which on Tuesday said that he wanted to build a new airport in Iraq. He said that the reforms of the airports were highly needed because of the security conditions of the country.

Iraqi Dinar 123 News:- Government economists said, reorganizing the banking structure in Iraq will helpful for global and local development. Reorganization in banking sector encourages foreign and local investor and also getting positive approach for Iraqi people. Financial institution reforms gets better improvement in Iraqi economy and also take a part for global economic development.