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Iraqi Dinar 123 News:- The people who support the private banking sector in Iraq know that the government needs the support of this sector because it aids the economy. The economy of the country is zero without the support of the banking sector.

Iraqi Dinar is one of the most profitable top ten currencies of the world. Iraqi dinar came into circulation in the year 1932. The Iraqi dinar suffered ups and downs, with the World War and the Gulf War. Later, it regained its position at a good rate in the world currency market.

Iraq is the second largest oil producer of the world with the 3.25 million barrels per day. Saudi Arabia with the 6.6 million barrel oil is at the top of the list. For the numbers of years Iran is in the quest of the position of Iraq in the international market. As far as my opinion is concern, the Iran is little late now.

These investors are mostly reputed international banks, financial institutions and x-army officers from US Army. If revaluation is scam and if investing in dinar is the wastage of time and money, so why these reputed banks and financial institutions are giant investors in dinar. We know every country of the world want its currency at the top of the list and every central bank try its best to stabilize its currency at local and international level, and same doing Iraq. Like other experts of dinar, I don't think that revaluation of Iraqi dinar will happen in the near future.

Iraq is looking to develop consensus with Kurdistan to approve annual budget because budget cannot be approved without cooperation of Kurdistan. The new ambassador of United States of America for affairs of Iraq will meet Noor Al Maliki by 25th May to discuss the present economic and political condition of Iraq. The Kurdistan and Iraq conflict will be at the top of the list in the discussion.