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mike alfred

Iraq Has 90 Trillion Dinar as Financial Reserves - 0 views

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    At the end of February 2014, the total size of hard currency reserve is equivalent of ninety trillion Iraqi dinars as announced by Central Bank of Iraq. Central bank of Iraq is not fully satisfied with these ninety trillion reserves. According to central bank, the reserves need to be over 100 trillion because of increased volume of trade in private sector of Iraq.
mike alfred

Iraq's Pure Gold Reserves Reach Up to 90 Tons - 0 views

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    The central bank of Iraq surprised the whole economic world with the purchase of 36 tons of pure gold and doubled its gold reserves. According to report it is one of the largest gold deal that central bank of Iraq made ever in the past. There are different statements about gold reserves of Iraq now.
mike alfred

We Are Safe With 70 Billion Dollar Reserves: CBI - 0 views

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    Iraqi Dinar 123 News:- The central bank of Iraq announced that with the 70 billion dollars reserves and over 120 tons of gold it has ability to support its currency at international market and will be able to Stabilize Iraqi Dinar in the international market.
mike alfred

Iraq Oil Reserves And Possible Threats - 0 views

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    Iraq is the second largest oil reserve in the world. the constantly violent and instable conditions of the country are a threat to the oil reserves. Several British, Dutch and Chinese companies are hired and are investing billions of dollars in the development of the oil fields in Iraq.
mike alfred

Iraq Has $70 Billion Cash Reserves: Abdel Basset - 0 views

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    The governor of central bank of Iraq said while talking with media that the central bank of Iraq has $70 billion as cash reserves that is enough for Iraq to support Iraqi Dinar in the present security and economic situation of Iraq.
mike alfred

Iraq's Cash Reserves to Back The Currency - 0 views

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    The economic stability of the country is determined on the basis of equal opportunities available in the country for all countrymen without any discrimination. The economists have different thinking about economic stability of any country. According to economists, the value of currency is the major indicator for any economy to decide whether the country is economically strong or not. The countries with the strong currencies have noted positions in the country.
mike alfred

CBI Has Enough Reserves to Remedy The Crisis - 0 views

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    Iraqi Dinar 123 News:- With the view point in the perspective of recent law and order situation of Iraq, the experts and economists wanted to know how central bank can survive in the recent situation.
mike alfred

Iraq Purchases Further 34 Tons of Gold - 0 views

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    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.
mike alfred

Current Gold Reserves Enough For Revaluation - 0 views

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    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.
mike alfred

Expectations of Dinar Revaluation - 0 views

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    The central bank of Iraq surprised the whole world with the recent trade of gold. The gold reserves of Iraq have doubled now after this purchase of 36 tons of gold. The recent gold reserves of Iraq are 63 tons after addition of 36 tons in the total gold reserves of Iraq.
mike alfred

Iraq Should Explore Remaining Oil Reserves - 0 views

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    Iraq News Agency: Iraq has explored much oil which is giving much revenue to the country annually. Recently in 2012 the trade gave 85% of the total revenue to the country. The revenue of oil has always dominated the export industry of Iraq.
mike alfred

Korean companies discover new oil reserves in Iraqi Kurdistan - 0 views

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    According to the Foundation in the news report that a joint venture to explore for oil comprising enterprise Korean oil enables the discovery of new reserves in the field Haulir in the Kurdistan region of Iraq, the hole Albanan exploration fourth in a field Haulir produced the successful 4,320 barrels of light oil daily drilling tests, which began in January last year.
mike alfred

New Oil Reserves in Iraq Still To Be Explored - 0 views

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    There are very few countries in the whole world that have huge oil reserves. Saudi Arabia is at number one. Then come the number of Iran and Canada. Iraq is on number four in the world oil position. Iraq's production in million barrels is huge. Every day Iraq is able to produce 2.3 million barrel oil.
mike alfred

Iraq Reserves 6th Position in Imposition of Taxes, UN - 0 views

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    Central bank opened a new office in Dubai to attract different foreign banks to find and invest in the business opportunities in the country. Furthermore, it also attracted many foreign banks to open new branches in the country. This is the results of the efforts made by central bank of Iraq that many of the reputed international banks are operating in the Baghdad and many other big cities of Iraq.
mike alfred

CBI Going to Raise Dinar Rate - 0 views

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    The recent visit of IMF delegation during election has its significant importance related to value of Iraqi dinar. The delegation of IMF ensured the value of available reserves at central bank of Iraq. The delegation showed satisfaction for these reserves and gave positive signal to the central bank of Iraq to enhance the rate of Iraqi dinar.
mike alfred

The Dollar Auction Sales Declined at Central Bank of Iraq - 0 views

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    Despite of recent poor law and order situation and low overall government revenues for the last 8 months, Iraqi dinar remained stable in the international market. The governor of central bank of Iraq said that it is all due to cash reserves and gold reserves available at central bank of Iraq.
mike alfred

The Recent Gold Purchase, Iraqi Dinar RV and the Dream of Stable Economy - 0 views

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    The central bank of Iraq purchased 36 tons of the gold ingot in the month of April 2014 to increase the gold reserves of the country and ultimately to enhance the value of Iraqi dinar in local and international market. this purchase increased the gold reserves of Iraq by 90 tons in 2014. The purchase of this huge quantity surprised economists all over the world.
mike alfred

Development is Main Dependent on Export of Iraq - 0 views

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    The export business has always remained lucky in Iraq. Iraq has very huge oil reserves that are enough for getting out Iraq from the financial crises.
mike alfred

Govt Invites Public to Invest in Frozen Funds - 0 views

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    The frozen assets of Iraq are under discussion by government officials and economists in Iraq. The government of Iraq is waiting for these assets to fulfill the deficiency of budget and also to enhance the economic stability in the country. Economists believe that Iraqi cash reserves will be double after adding these $82 billion.
mike alfred

Record Increase in Oil Prices After US Declaration - 0 views

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    Iraqi Dinar 123 News:- The central bank of Iraq announced that with the 70 billion dollars reserves and over 120 tons of gold it has ability to support its currency at international market and will be able to Stabilize Iraqi Dinar in the international market.
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