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The Federation of Chambers of Commerce is based on the activity being managed for the betterment of the friendly countries to manage a smooth flow of commodities because of the issues being raised by "Daash." The Iraqi traders need to be managed with the support of the people who care about the Iraqi traders.

The stock market of Europe fell and caused the traders to feel the tension of it. With the fall in the stock market the traders felt that the violence in Iraq would increase. During the last month the traders had used the profits to pay for the different things and further gain profits from them.

It was reported that the private banks sold the U.S currency in the black market using the passports if the citizens. The economists said that several currency traders are taking wrong benefits of the citizens by taking their passports in exchange for cash. They are doing so to smuggle the currency from the local market and sell it out of the country to go above 30 percent.

After getting support and appreciation of World Bank and IMF, the central bank of Iraq decided to expand the area of operation for dollar auction in Iraq. For this purpose the special agreements are signed with the different money exchange companies to sell dollar and Iraqi dinar to the different companies, traders and importers.

Central bank of Iraq is trying to build its trust among foreign companies, foreign investors and local traders for the successful financial operations. Now central bank of Iraq is responsible for the failure of economy bank in the financial operations. Central bank of Iraq formed a committee of three members to complete the process of Trusteeship and report it in the next few days.

Iraq is one of the biggest traders of gold in the market nowadays. Iraq focused on the international trade in gold rather than dollar or any other currency of the world. The aim is to enhance the value of its currency in the international market and to stabilize its economy. Iraq made some big deals that surprised the world in the gold. In 2014 only, the central bank of Iraq purchased more than 80 tons of the gold ingots from international market.

The governor of central bank said that, we are aim to maintain the quality of gold in the country. Now the local traders, gold importers can buy gold ingots from central bank of Iraq rather than to import it from other countries of the world at a higher rate than that of rate offered by central bank of Iraq.

Both of the regions decided to enhance the oil trade in the region. Some new contracts are also signed by Kurdistan with Turkey to expand the oil contracts of Kurdistan with Turkey. The volume of oil trader will also be increased as a result of this new contract.