Group items tagged

The environment Minister of Iraq sent a delegation to attend a conference in Paris. The conference was being held on the Ozone Protection. The delegation was headed by the Environment Minister himself. Specialists form different fields were also a part of the delegation.All the people taking part in the conference were experts in their respective fields.

Stryker the famous dinar expert is of the view that investors need to see the political situation of Iraq. The political environment will decide whether revaluation of dinar is going to happen or not. If the political situation of Iraq stabilized in next couple of days, the things will be in the favor of revaluation of Iraqi dinar.

The internal stack holders are all the political parties and the financial institutions. The external stack holders are international financial institutions like World bank and IMF etc. now WTO has also become the stack holder of Iraqi dinar revaluation because Iraq is now the member of World trade Organization. The problem with the revaluation of Iraqi dinar is just political environment of the country.

Jester, the famous dinar expert is of the view that timing matters a lot for completion of revaluation procedure in Iraq. Country requires a peaceful a stable environment for the country to revalue Iraqi dinar. It is not possible for Iraq to take this huge decision when the country is facing political and economical crisis.

Abdul Basit Turky, the governor of central bank of Iraq said that central bank of Iraq has ability to support Iraqi dinar exchange rate even in the worst political environment of the country. He said that law and order situation of Iraq will not affect the exchange rate of Iraqi Dinar in the international market.

It will be a clear sign of secede from Iraq that will also destroy the political environment of the country and will impact the economy of Iraq adversely. The decision is pending approval in the parliament of Kurdistan and the voting is required for this change to be happened. The economy of Iraq, especially the economy of Kurdistan will have to bear a huge loss, if the things remained in the practice for a longer period of time.

The political leader and the MP for the coalition of state law, Abdul Salam Al Maliki said that looking present political environment of the country, it is difficult to say that the budget of Iraq will be approved in 2014. There is a deadlock on the both sides and no one is ready to compromise on the conflicted issues.

Iraqi Dinar 123 News:- It has been reported that the Security Commission decided to raise the number of shares traded in the foreign market of securities. The shares were equal to 71 million shares during the previous week. It was told by a news briefing that the disclosure, transparency and the mechanisms of action developed in creating an ideal working environment.

Delay in annual budget of Iraq has seriously harmed Iraq and its economy. It also creates instability in the political environment of the country. We can even say that it can divide the country in two parts if remained unapproved for more couple of days. The attention of Kurdistan is so clear about this issue. Kurdistan waited a lot for the approval of annual budget and finally decided to print its own currency to satisfy its own needs.