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Iraqi Dinar 123 News:- According to economic experts the people of Iraq need a good budget for a better financial situation. It was revealed that if the 12/1 method would be used for the calculations, the management of the budget would not be positive rather it would leave a negative impact on them.

Iraqi Dinar 123 News:- The daily sales of US dollar and other currencies of the world rose in today session at central bank of Iraq. The total sales was calculated to 195 dollars that more than previous all trading sessions in the month.

It is expected that budget of Iraq will be finally announced in the month of August next year. The budget is much delayed. That's why the ministry of finance has asked to wind up all the budget calculations as soon as possible and present the budget at the earliest.

The $23 million fraud is in the news of USA where two local businessmen were found guilty for wire fraud. The amount can be calculated in billions if converted to Iraqi dinar. These businessmen gathered the huge amount of US dollars in by giving false statements for revaluation of Iraqi dinar on 30th April.

The Iraq stock exchange, the higher number of foreign stock is traded in the last week, according to Securities Commission of Iraq. The total volume purchased this week was calculated up to 71 million shares that is almost double than that of its previous week sales.