Iraqi Dinar 123

According to experts the oil revenues are expected to rise to 134 060 850 billion dinars within. With all this going on the production of oil export is also expected to increase in the coming two years and the increase in production and the export of the crude oil is also expected to go up from 2.9 million barrels to 4.65 million barrels by 2016.

The new trend is for management techniques which would be helpful in making things better in each and every sector of the country. The economic experts claim that it is a good idea to have a good economic system for the government as well. The expert claimed that good management would be helpful in attracting successful investors and better production of technology in the various fields.

Dhi Qar province to launch money exchange petro dollars and set up their own account and not be subject to the authentication mechanism on the state budget to address the effects of delayed approval of Parliament for the federal budget for the current year after eight months of it until now.

According to an expert Anton, it was stated that the Convention within the financial institution and the management of Iraqi bank does not give correct mathematical statements. It is important to have access to the legal accountability within the criminal convention. He said that the lack of management and implementation of laws in the Iraqi system of governance is with the failure of its financial and monetary system.

It was reported that the European stocks fell on Friday because of the increase in the geopolitical tensions that made President Barack Obama increase the air strikes in Iraq. The first index fell by 300 points at 0708 GMT, the FTS Euro first was a major European company share that lead to 0.9 percent loss and 1302.48 points. This loss has added to the total loss of seven percent that has taken place since the past 8 weeks almost.

The CBI introduced a new currency note in the form of 10000 dinars. This was supposed to have a new security added to it so that its circulation is done safely, without any kind of duplication. It was reported that the new note would have the image of the freedom Monument in Baghdad.

The new association of private banks is designed in Iraq to support government of Iraq in their economic policies. The president of association said that they will support exchange rate of Iraq and association will help Iraqi Dinar to regain its value back in the internationals market. The association is waiting for the formation of Iraq government.

It was seen that several foreign companies were registered with the Ministry of Commerce during the month of July and June. There are almost 44 foreign companies registered in Iraq. They have 4 different branches and 40 representative offices all over the country.

The historic review of per capita income of Iraq shows the relations of Iraqi economy with fluctuations in the oil prices. Let's start from 1980, when oil crisis lead to the higher oil prices, which result in rise the per capita income of Iraqis which was $3453 as per the records of world bank.

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.

It was told by the expert Dr. Ikram Abdul Aziz that it was important for all to see that the best decision would be made for the betterment of the country's economy. It is said that the private sector would bring a good change to the economic conditions if things are done properly.

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.

It was stated that the economists have stressed upon collecting money in the form of taxes from the people. This is being done to lay less emphasis on the oil sales which may suffer due to the present conditions of the country. the Parliament and the Economic committee knows that the collection of funds by the government would help in collecting better revenue which has been sides by the Ministry of Finance and Planning.

The finance ministry of Iraq said that Sunni militant group Daash has robbed more than $4.5 billion from Iraq banks in the last month that made it richest terrorist organization of the world. According to initial report, ISIS robbed 75 bank branches in the different cities of Iraq. Central bank of Iraq had to bear a huge loss while compensating the international banks for their loss in the country.

Iraqi Dinar 123 News:- Central Bank of Iraq takes Bank of Economy of Iraq under its guardianship after receiving several complaints about the performance of bank of economy. Bank of economy committed breach of contract with several foreign and local companies that negatively impacted the overall goodwill of Iraq and its banking system.

Iraq is struggling hard to attract foreign investors and multinational companies to operate in the country. The central bank of Iraq is doing some changes in the banking laws of Iraq so that foreign banks may attract towards this country to open new branches in the country. Numbers of foreign companies and international banks were operating almost in all the major cities of Iraq.

The financial capabilities of the country are facing a lack of proper development. The tactics used for the betterment of the different industries are quite helpful for a better management of things. It has been seen that the present condition is better than what had been happening since some time due to which the conditions of the country are getting better.

Poppy talks about new banking laws introduce by central bank of Iraq to bring foreign investors in the country. Poppy is of the view that New Banking Laws will attract numbers of foreign investors in the country. It will also be helpful for Iraq to attract bring back those investors who left the country after clashes between security forces and Sunni militants.

Poppy says that IMF and World were looking for Prime Minister of Iraq as it was not elected. Now the prime minister of Iraq is there in the parliament now and Sunni Law maker has also been elected. Now it is time to go. Central bank of Iraq along with finance committee of Iraq was planning to take action before general elections of Iraq but due to preparation for general elections government could not complete.

A meeting was called by the newly elected administrative board of the private banks in Iraq. It was for the betterment of the country to manage the handling of the different things in the right way. Mehdi Al Hafez, the oldest parliament member shed light on the world interest in Iraq due to oil and how the IMF and the World Bank have been offering to help them make reforms.