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Iraqi Dinar 123 News:- Member Bloc Independent MP Mohammed al-Shammari states that global economy creating crucial situation for every country but we are making some national schemes for the betterment of Iraqi economy. Increase in oil exports by some countries which trying to reduce oil prices in international market also impact these countries' economies.

Iraqi Dinar 123 News:- It was seen that the US companies are showing interest in investing in the Iraqi banks. They want to do trade with Iraq on government as well as private scale. They showed interest to the Ministry of Commerce regarding wheat and rice.

Iraqi Dinar 123 News:- According to Iraqi finance minister: Iraq is facing many financial hardships in these days because of low oil prices in the international market are affecting Iraq exports revenue In this situation, major role of government departments of Iraq which are using Iraqi funds and increase their expenses.

Iraqi Dinar 123:- It was announced by the economic media center that the oil prices had gone up which was due to the decline in the price of gold. Connection or no connection both oil and gold price are interconnected and a dip in one is due to the rise in the other and vice versa.

It was announced by the financial committee of the country that the sales at the auction session increased and were at $149 million by the end of the session. The bank received a good system of management for a better understanding which was done by the participation of 13 banks. It was announced that almost 43 million and 285 thousand dollars were sold. The sale of the Khawwalat reached 106.068 million dollars.

It was declared by economic experts that the decline in the prices of oil would cause problems for countries like Iraq who need to gain the maximum benefit from their major natural resource which is oil. The companies that handle the payments that the different companies have to give them from overseas because they are gaining benefits for a certain period of handling the different data.

Iraqi prime Minister admitted that there is a financial problem for the year of 2015 as there is a consistent oil fall in prices and this is creating the deficit of finances in the Iraq for budget as well, with this problems, there are chances that this problem may extend till 2016 as well.

Jaafar Al Hamdani said that "we are building the good relationships with foreign companies this is important for us to sustain the international markets. There is globally downfall in the prices and its effecting economic development in Iraq but the decreasing oil prices will not affect the Iraqi dinar value."

Stocks declare the value of shares for the month of December drop to about 105 billions dinars. And this was also a significant decline worth trading for the month of March and April and affected Iraq economic conditions. There were also the number of contracts which executed in the month of November which were 6075 contracts.

A move of the Central Bank of Iraq, which surprised the economists in all over the world is the purchase of 36 ton gold reserves worth $ 1.36 billion to help and stabilize the economy of Iraq and to make the Iraqi dinar stronger against the other currencies.

Iraqi Dinar 123 News:- It was announced on 12 August that the worlds smartest "Master Card" would be launched by the Rafidain Bank soon. They are giving final touches to it. it is expected to provide excellent support to the national economic system. this would be helpful in the development of the national economic system.

Iraqi Dinar 123 News:- Central Bank of Iraq is struggling hard to bring foreign investors in the country. With the every passing day CBI along with Finance Ministry of Iraq is trying to modernize the banking system to comfort the foreign companies willing to operate in the country but feeling threats from security situation of Iraq.

Iraqi Dinar 123 News:- The central bank of Iraq in its statement said auction sale of foreign exchange in the country is to balance the foreign exchange rate in the market. It is admitted fact that demand and supply of foreign currency in the country create direct impact on the value of local currency in the market.

Iraqi Dinar 123 News:- The General Secretariat of the Council of Ministers announced that they are approving the capital of Rasheed Bank of Iraq from 50 billion dinar to 250 billion according to company Act 22 of 1997. The bank received massive investment from foreign investors in the country in last one year.

During the auction on Monday the CBI saw the sale in the dollar go up. It went more than 251 million dollars where it was 178.513 million dollars on Sunday. The bank gave a statement that this was the auction rate while the exchange rate remained at 1166 dinars. There were 15 banks taking part in the auction.

The governor of the Iraqi Central Bank and the Agency Abdul-Basit Turki said that "the most prominent changes incurred by the new category of paper ten thousand dinars are the factors of safety against forgery and damage," noting that "the new edition will include changing the image of the Arab world, al-Hasan ibn al-Haytham and replaced in the Liberation Monument in central Baghdad"

It was reported by the Press that during the daily auction sessions going on by the Central Bank, the price of dollar fell. At the auction it was recorded that 244.818 million against the $ 290.959 million dollars. It was recorded at a stable exchange rate which was 1166 dinars per dollar.

Iraqi Dinar 123 News:- It has been reported that the Security Commission decided to raise the number of shares traded in the foreign market of securities. The shares were equal to 71 million shares during the previous week. It was told by a news briefing that the disclosure, transparency and the mechanisms of action developed in creating an ideal working environment.

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:- It was seen that the CBI has increased sales for the beginning of September for the sake of selling 187 million dollars which would help in the economy of Iraq. The sales of dollar have increased and it is a great thing for the country.