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Iraqi Dinar 123 News:- There was a time when Iraq one of the biggest exporters of wheat and rice in the region. The authorities of Iraq did not pay proper attention to the agriculture of Iraq and as a result biggest export became biggest importer of the world.

A draft prepared by ministry of oil and natural resources of Kurdistan regional government for the distribution of oil revenue among people of Kurdistan. There are many of suggestions are given in this regard for the distribution of resources but important one was to keep the share of new born Kurdish in the bank account of every citizen.

Iraq is working hard to bring its economy under control. It has a few financial resources; how ever the ones include oil as their main item. The financial sector is actually owned by the banks and it is very important to keep in mind the importance of increasing the financial resources of the banks for the betterment of the country.

National Business Council of Iraq said that Iraq is rich country in the natural resources that need international efforts and cooperation to get maximum benefits from these available resources. The clashes between Iraq security forces and Sunni militants affected the economy of Iraq badly. The experts believe that there is no any military solution of Iraq situation.

According to experts the oil revenues are expected to rise to 134 060 850 billion dinars within. With all this going on the production of oil export is also expected to increase in the coming two years and the increase in production and the export of the crude oil is also expected to go up from 2.9 million barrels to 4.65 million barrels by 2016.

The ISIS is going to be the richest terrorist organization of the world with more than 2 billion pounds. It shows, the organization has more resources than that of Al-Qaida, Taliban and Shabab. The organization is operating under the supervision of Abu Bakar Baghdadi, the most wanted in Iraq and Syria.

The Staurt Jones will start his work after final results of general elections. The ambassador will meet prime minister of Iraq and the Prime minister of Kurdistan Regional Government to create consensus between both of the regions. Resources say that Baghdad is ready to export oil through Turkey pipelines.

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.

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.

News from Erbil-Iraq, December 23, Kurdistan President named MassoudBarzani said on Tuesday that there should be an independence of the region as this is the natural right for us to enjoy the independence in decision, policies and use of the resources.