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The increasing deficit of the general federal budget to more than 35 billion dollars will play objection large and categorical rejection by the International Monetary Fund and the World Bank, because it will lead to problems of economic and financial in the country and perhaps affect the market becomes faulty and conflicts between fiscal and monetary policy of the country.

After taking economy bank of Iraq under the trusteeship, the central bank of Iraq warned its citizens to deal with Basra International Bank. Due to failure of many financial obligations, the central bank of Iraq decided to take Basra International Bank under the trusteeship. Therefore all the financial operations are suspended until the things gets normal.

Most of the Asian countries have started their trade in Gold instead of other currencies since Iraq started international trade in gold. Some sources also say that Iraq is not accepting US dollars or any other currency for trade of oil and gas in the international market. Iraq is accepting gold for international trade as a currency. Actually Iraq is moving towards barter in the international trade.

here is going to be an international Dhi Qar investment conference which would bring betterment in the international investment and other sectors accordingly. Through the financial crisis of the country they need a good plan to gear up and bring out a better system of management for Iraq. The oil purchases and the sales along with the trade going on at the docks if done in a better way would be a good thing for Iraq.

Iraqi Dinar 123 News:- The governor of Basra is thinking about working with any international bank to over economic issues. The reliance of the different banks form other countries is welcome in the province of Basra for a better management. With the international projects being set up things would work out in a much better way on the economic scale.

Iraq is the second largest oil producer in the world after Saudi Arabia. Therefore economy of Iraq impacts directly the international oil market and indirectly the economies of the other developing countries in Asia and Africa. The Brent oil has increased in the international market for last 4 weeks due to crisis in Iraq.

Iraq is emphasizing on creating better terms with the international economy. This would help the country to make better use of the available opportunities and manage things out in a better way. According to Araji, it was said that as all the laws of the different countries show, it can be seen that the proposals to modify the economy would prove to be helpful for a better economic system.

While concerns over tensions in Ukraine due to Russia and United States conflict as sentiment on the green back remained fragile, the dollar was steady to lower against other major currencies of the world.

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.

Looking this, the chairman of the board along with the governor of central bank of Iraq decided to soften the rules and regulation for foreign investors to invest in the country. This may help the economy of Iraq in the present situation when hundreds of foreign investors are withdrawing their funds from country.

The central bank of Iraq announced on Wednesday about the contract it signed with an international company to manufacture the gold ingot. The international coin manufacturing company will manufacture the gold coins that will be sold to the general public in the country.

The central bank of Iraq is doing its best to modernize the banking system in Iraq so that it may support international trade. The central bank of Iraq after the meeting of board of directors granted the permission to the money transfer companies to open bank accounts in the Iraqi and other international banks to directly transfer money anywhere in the world.

The Saxo Bank in its press release said that the recent law and order situation of Iraq may destabilize the oil prices in the international market. Mosul is under the control of militants that is the bridge between Kirkuk oil field supplies and it is the alarming situation not only for Iraq but also for international community.

Iraqi Dinar 123 News:- The central bank of Iraq announced that with the 70 billion dollars reserves and over 120 tons of gold it has ability to support its currency at international market and will be able to Stabilize Iraqi Dinar in the international market.

Iraqi Dinar 123 News:- The value of dollar is continuously decreasing in the international market due to unrest political and law and order situation in Iraq. The conflict in Ukraine is also considered as the major reason for decline of dollar in the international market.

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.

The economic bank of Iraq could not fulfill the financial obligations with the other international and local companies the minimized the trust of the people and international companies over banking sector of Iraq. Central bank of Iraq received many of the complaints against economy bank of Iraq.

The crude oil is the backbone of the economy of Iraq. More than 90% of Iraq economy is depended on the production and export of crude oil in the international market. Unfortunately, Iraq could not balance between oil and non oil sector of Iraq. Now the attacks on major cities of Iraq destroyed the oil industry of Iraq badly and the oil production and export of Iraq is almost half in the international market.

The international experts believe that Iraq has ability to increase the production of oil in the international market and it is going to regain its previous position in the oil industry of the world if it continued with this pace. Five years ago, electricity in Iraq was not available in Iraq. Only 6000 mega watt electricity was available to fulfill the country needs.

Iraqi Dinar 123 News:- The central bank of Iraq announced that with the 70 billion dollars reserves and over 120 tons of gold it has ability to support its currency at international market and will be able to Stabilize Iraqi Dinar in the international market.