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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 security situation in Mosul, Tirkit and Kirkuk is poor and considered as major reason of economic collapse. The militants are occupying most of the major cities of Iraq. The prices of dollar and other major foreign currencies are rising against Iraqi dinar with the every passing day. Iraq can never make progress without controlling the law and order situation of Iraq.

Few days ago the investors of Iraqi dinar like me were so tense with the political and law and order situation of Iraq Dinar. Most of us were considering the loss on our investment especially when the militants occupied the Baiji oil refinery of the country.

Iraqi Dinar 123 News:- The experts confirm that the security situation of Iraq will affect the value of Iraqi dinar at international market. The reserves of central bank of Iraq are enough to support its currency in the global money market.

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.

Iraqi dinar revaluation is again under discussion after the nomination of Haider Abadi as new prime minister of Iraq. The Iraq President Masum also supports Abadi as new prime minister of Iraq and invited him to form a new government. Noor Al Maliki the old prime minister of Iraq was considered as the major cause of sectarian war in Iraq.

Removal of the three zeroes still depends on the strategic projects, security situations in the country, and implentations of the logistical and technical measures by the central bank, which were supposed to implemented in early 2014, but these are not yet implemented.

The economy of Iraq is in the crisis for last 8 months due to clashes between Iraq security forces and Sunni Militants in the different areas of Iraq. The northern area is especially affected with these crisis and the business opportunities have been destroyed because of these clashes. The foreign companies are facing heavy losses due to this poor security situation in the country.

Iraqi Dinar 123 News:- Despite of the terrible security situation of Iraq, the economists are trying to raise the economic conditions through the oil exports of the country. it has been seen that the country has increased its foreign exchange reserves by 33% a few months back.

Iraq is a republic, which is situated in West Asia. The currency of the country is dinar and its capital is Baghdad. Its official language is Arabic and Kurdish is also spoken widely. 2003 appeared a bad year in Iraq as US troops invaded Iraq in the result of a claim that Iraq did not give up completely its nuclear weapons.

We all know about the war in Iraq. When America led war in Iraq, it spread destruction on a large scale of the country. After that it was a difficult task for the new government to reconstruct it. The economy was down at its low. By the time passing, the g...

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.

Despite the poor law and order situation in different major cities of Iraq, the Iraq stock exchange showed a great move in the trading in the last two days. The head of Security Commission said that the necessary measures have been taken to control any emergency situation in the country and in the stock exchange to protect the investments of local and foreign companies in the country.

The central bank of Iraq showed its determination for the economic development of Iraq even in the worst economic situations of Iraq. The central bank of Iraq along with finance ministry of Iraq will work accordingly, to produce positive and productive economic results. Turky said that ministry of defense can handle every situation so well and therefore they need not to be worried about these temporary hurdles.

Iraqi Dinar 123 News:- With the view point in the perspective of recent law and order situation of Iraq, the experts and economists wanted to know how central bank can survive in the recent situation.

Keeping the present economic and political condition of Iraq, the experts believe that Iraqi dinar will remain on the mercy of US dollar today and in the near future. The backbone of Iraq may break if the security situation remained same in the country. The oil is considered as backbone of the economy of Iraq and if the situation remained same the things will be out of control.

Iraq is already passing through a difficult economic situation and in this situation this irregularity is unbearable. The issue between Erbil and Baghdad need to be resolved unless it is too late. The integration of present budget with the next one is never favorable the country and its economy.

Iraq has seen hard time for several decades. But, after 2004, the condition appears to be getting strong. Iraq is starting many new projects to earn revenue. It is trying to increase oil trade mostly because oil is its huge asset Iraq is proud of.

According to some people the law and order situation of Iraq is worst in Iraq and it is continuously going towards crisis. The turnover of the votes in the present Iraqi election was more than any other election in Iraq that shows the sincerity of Iraqi people with election and with its results. Despite of worst law and order situation of Iraq and many unwanted events, the people of Iraq came out of their home to cast their vote for the expected change in the country.

The Central bank of Iraq struggled hard to control this situation in the country. Central bank applied number of techniques and methods to overcome this situation but most of the efforts resulted in vein. The final thing that central bank could do was the reprinting of these notes. Central bank issued new notes and circulated it in the country through commercial banks.