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The oil export of Iraq has also been increased in the May even the worst law and order situation in the country. There is no any restriction for Iraq to develop in the international market except the poor law and order situation. Now the ground is ready to play for Iraq and it is up to Iraq now how well he plays.

Iraq has made up its mind to replace Noor Al Maliki alleged for all the present situation of the country. Still the name of the Prime Minister of Iraq is not finalized, but it is clear and confirms that Noor Al Maliki will not be the next prime minister of Iraq any more. It will be a positive step to control the situation over there.

Iraqi Dinar 123 News:- Recently a lot has been going on in Iraq which has developed a negative impact not only the locals but also the investors. The security incidents have lead most of the companies to withdraw their finance or either postpones any further business.

Iraqi Dinar 123 News:- The country that is in deep trouble by the poor law and orders situation of Iraq is the Turkey. The country imports more than 90% of its oil from other countries of the world to fulfill the needs of the country.

The new members of the parliament failed to manage the legislative acts the way they should have. The Baghdad Provincial Council was asked to bring forward the General Budget Law and to have it dispersed to the regarding institutes before the end of the fiscal year.

News announced the parliamentary Finance Committee that the Iraqi dinar stable, stressing that the central bank that it manages to improve the situation of the Iraqi dinar against other currencies.

After looking the recent violence in some major cities of Iraq, the government of Iraq applied some of the effective strategies for the economic advancement. The government of Iraq empowered the fine ministry and central bank of Iraq in the recent unstable situation of Iraq and advised them to keep their activities in the normal routine.

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 political and law and order situation of Iraq is worst in Iraq ever than before. Mosul, Tirkit and Kirkuk are under the control of Islamic militants ISIS. The policemen, soldiers and other government officials are running from these cities in the civil dress.

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.

The inflation rate in Iraq increased in the month of May 2104 according to ministry of planning. The ministry of planning criticized the ministry of food for not taking appropriate measures to control the situation as it was prevailing because rise in the inflation is due to rise in the cost of food items in Iraq.

The US secretary of state John kerry will discuss with the Iraqi government about the recent security condition in Iraq. His visit to the Middle east is very important because Iraq need this time US air strike to control the situation and to stop the militants of ISIS.

Iraqi Dinar 123 News :- In his first speech after appointment as prime minister of Iraq, Haider Abadi said he will have to take tough decisions to take Iraq out of the recent crisis. Iraq has so many challenges that Abadi has to face.

Iraqi Dinar 123 News :- The world is looking for the future of energy in Iraq. The world is the major stakeholder in the energy sector of Iraq because it can impact the world energy market. In fact the energy sector of Iraq is facing a difficult time because of the security situation of the country.

Iraqi Dinar 123 News :- The oil and gas ministry of Iraq announced the rise in the exports of crude oil from southern ports of Iraq this month. This is because the security situation of Iraq is looking better. The Iraq security force with the help of US air strikes is moving forward to regain the occupied areas from ISIS.

Iraqi Dinar 123 News:- John Kerry the US Secretary of State held a meeting with newly elected prime minister of Iraq Haider Abadi in Baghdad to discuss the security situation of Iraq. USA has defense agreements with Iraq to crush terrorism in the country.

Iraqi Dinar 123 News :- Iraqi dinar is being traded at lowest value in the Iraq and in the international market nowadays. It is surprising to know that Iraqi dinar value instead of rising, is going its lowest level in the market.

Iraq has never come out of its war state, although troops appear to be withdrawn from the country. The world war is over in Iraq, but there are other ways of hidden wars that Iraq is still facing. Those problems include uncertain conditions of security, weak government, dwindling state of elections, imbalanced budget and many such problems. Recently, Iraq faced several suicide attacks in various parts of the country. This is going to impact badly the current condition of the country.

The British Intelligence Agency MI5 will track the jihadists and their activities in UK. A video on internet shows the British and Australian jihadists are joining ISIS in Iraq. The situation is so alarming for British security forces because jihadists in video are inviting their friends to join ISIS. One man is recognized as Nasir Musanni shown in the video.

The general budget of Iraq is always declared in the month of October every year. Unfortunately the budget is declared in Iraq often late in the country that caused many of the issues in the country. The unstable political situation of Iraq was always a big hurdle for approval of the budget. The conflict of Iraq and Kurdistan is the major cause of the delay of the Iraq general budget every year.