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Iraqi Dinar 123 News :- It was reported that the economic performance of the Arab countries has come down. The ESCWA showed that the production of the Arab countries is lower than the previous year. It was proved that the lowering of the performance is due to Iraq and Libya basically.

The central bank of Iraq is aim to improve the banking structure of Iraq according to ongoing circumstances to meet the challenges of new world. For this purpose, central bank of Iraq is working on a mechanism that will enhance the performance and functionalities of these commercial banks of Iraq.

The oil and energy ministry of Turkey announced that the Kurdistan oil stock at Turkey port has reached 2.8 million barrels with the export of 100,000 barrels per day. It shows that the performance of oil industry is so good in Kurdistan. Kurdistan with the cooperation of Iraq is exporting crude oil in the international market via Turkey.

The new administration will start its work in the next few days according to guideline of central bank of Iraq. The new parameters for the performance and the new economic targets are also given to the all the commercial banks of Iraq so the new administration of central bank may evaluate the things accordingly.

The central bank of Iraq sent 146 kg gold in the market for testing purposes. This gold is given to the different reputed jewelers in the Baghdad. The ministry of planning and development cooperation has assigned a task to monitor the performance and output of these gold ingots in the market. The ministry of planning and development make frequent visits to the different shops in Baghdad to ensure the CBI strategy.

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.

This is a good news for Iraq for being placing at the Arab level on Second Number whie at 92nd number on the global level in the index of power engineering 2015. This has measured the performance of power engineering of the world economic forum 2015, which was issued for the third year in a row.

Iraqi Dinar 123 News:- The experts believe that the success of monetary policies of central bank mainly depends upon the performance of banks and a better banking system. An affective banking system is the key to apply monetary policies to get desired results.

Iraqi Dinar 123 News:- Central Bank of Iraq takes Bank of Economy of Iraq under its guardianship after receiving several complaints about the performance of bank of economy. Bank of economy committed breach of contract with several foreign and local companies that negatively impacted the overall goodwill of Iraq and its banking system.

Central bank of Iraq introduced some new rules for the improvement of banking sector of Iraq. Now local and international companies can claim its loss with the central bank of Iraq in the case of failure of commercial banks in the performance of contract. According to guardianship rule, central bank of Iraq is responsible for any negligence on the part of commercial banks in any of the contract with foreign companies.