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Iraqi Dinar 123 News:- It was reported that the Government of Iraq understands the factor that foreign and domestic investments are necessary for the country. The security situation has caused a lot of issues for the country. People are not interested to invest in the country.

Iraqi Dinar 123 News:- It was seen that the management of the trade and business in Iraq is done with dollars. Iraq needs to build a better status for Iraqi dinar and handle things out for the betterment of the country.

The Central Bank of Iraq is finding notable measures to control the inflation in the country and also to stabilize the currency of Iraq. Iraqi currency is charming for investors. The currency of Iraq has been in the headlines in the business world for a number of years for its chances to regain the value.

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.

A major reason in the Iraqi dinar is the history of Kuwaiti Dinar. At the time of invasion by Iraq, the Kuwaiti Dinar was sold at 3000 Kuwaiti dinar against a US dollar. The Kuwait regained its currency value back in the international market. The present value of Kuwaiti dinar is $3.55 per Kuwaiti Dinar.

The international experts believe that Iraq has ability to increase the production of oil in the international market and it is going to regain its previous position in the oil industry of the world if it continued with this pace. Five years ago, electricity in Iraq was not available in Iraq. Only 6000 mega watt electricity was available to fulfill the country needs.

Iraqi Dinar 123 News :- The oil and gas ministry of Iraq announced the rise in the exports of crude oil from southern ports of Iraq this month. This is because the security situation of Iraq is looking better. The Iraq security force with the help of US air strikes is moving forward to regain the occupied areas from ISIS.

After two weeks fall in the value, the US dollar regained its value back in the international market at the end of last week. Due to the public holiday on Monday, the US market remained close. Therefore, no business activity happened in the market with any American company.

After facing a down fall in the value, US dollar regained its value back in the international market against Iraqi dinar and other major currencies of the world. Dollar was declined by 0.24% in the international money market against all the major currencies of the world in the last business week.

The Central Bank of Iraq announced that the gold reserves of Iraq have reached 112.4 tons this month, with the hope that Iraqi dinar will regain its value back in the market. This is the highest figure of gold reserve in the history of gold reserves of central bank of Iraq according to world gold council.

When a currency loss its value in the domestic market so it is difficult for it to be valued in the international market. Therefore, Iraq will have to monitor and combat this situation as much as possible. If dollar is demanded more than Iraqi dinar in the market, the value of Iraqi dinar is lower. Iraq will have to enhance the trust of the people in its own currency to regain its value back in the market.

The new association of private banks is designed in Iraq to support government of Iraq in their economic policies. The president of association said that they will support exchange rate of Iraq and association will help Iraqi Dinar to regain its value back in the internationals market. The association is waiting for the formation of Iraq government.