Iraqi Dinar 123

The economists believe that dependence of oil will seriously harm the economy of Iraq. The economy of Iraq will be in disaster if global market faced any crisis. Iraq must understand that just oil industry cannot satisfy the whole demands of the country. The oil industry alone cannot produce the jobs for everyone.

We have seen extraordinary rise in the commodities in Iraq since the situation has become instable by the clash between Iraq security forces and Islamic State for Iraq and Syria (ISIS) a Sunni militants group. People in Iraq are piling the vegetables and other eatables in their home to avoid any shortage of these commodities ...

It can be seen that more than 28 international business councils are ready to provide support to Iraq for a better and balanced system of economy. This act is being done due to the present conditions of Amrabha. Jaafar al Hamdani said that several Arab associations and international boards of joint business for a better system of doing joint business in Iraq and other Arab countries.

According to an economist Raad Twigg it has been seen that the foreign banks would be migrated from Iraq. The migration would be done to reduce the risk of presence in Iraq due to the security condition. It would be called a false migration and would actually be a strategic plan to handle things.

The ministry of planning admitted that inflation rate in Iraq increased in the last 2 months to 3.2% that resulted to 5.4% annual increase in the inflation rate. The major cause behind this increase is considered the high prices of eatables in the last two months because of clashes between Iraq security forces and Sunni Militants.

The adviser of Prime Minister Noor Al Maliki said that they are taking security measures to protect the foreign companies and their officials in the country. The adviser ensured the security of their funds and projects in the country while talking with an international news agency.

Iraqi Dinar 123 News:- The Central Bank of Iraq lifted the ban from Al-Ahli Bank of Iraq across the joint after Ivauh in providing administrative obligation to all the clients of the bank and the bank itself too.

As the Central Bank of Iraq is holding auction on daily bases the sales yesterday; Wednesday went above the $ 186.669 million is comparison to the sales on Tuesday which was 61. 162 million dollars. The exchange rate for the day was 1166 dinars per dollar.

Iraqi Dinar 123 News:- According to economists the development in Iraq is getting better. The impact of tourism is helping the government to understand that it helps in bringing money. Bassem Jamil Antoine the economic expert said that understanding the fact that due to tourism they can build economic activity as well as manage employment opportunities.

Iraqi Dinar 123 News:- There are numbers of development projects under operation and require prompt finance to ensure their continuity in Iraq. These development projects need funds on regular basis and the delay in budget means the delay in projects.

Several foreign banks have opened their branches in the different parts of the country. The crises forced the banks to open branches in the south of Iraq which is a safer place.

Auctions for the dollar have been going on for some time now. Recently on Tuesday the sales exceeded the amount of 61.162 million at auction when the foreign currency was at sale with the exchange rate being at 1166 dinars per dollar.

According to analysts it has been reported that the economists in Baghdad said that if the budget announcement is delayed in Iraq it would prove favorable for the economy of Iraq. The developmental projects of the country would be delayed due to no financial assistance but the accumulation would lead to a financial benefit.

The capital flight from Iraq has become a serious issue for Iraq government because of the recent clashes between Iraqi security forces and militants. Despite of government surety of protection, most of the foreign companies have shut down their business operations in many of the big cities of Iraq temporarily.

Iraqi Dinar 123 News:- Iraqi dinar is not handled alone. Its strength is based with the US dollar. The governor of the Central bank of Iraq; Abdul Basit Turki said that the Strength of the dinar has not been affected in any way recently.

Keeping in view the public debt law, the Ministry of finance issued remittances which were backed by the government of Iraq. The Central Bank of Iraq also had a key role to play in the idea of holding auction, granting remittances and every thing else related to it.

Iraqi Dinar 123 News:- It was seen on Sunday that the price of the dollar reached 125 million through the Iraqi bank. The exchange was easily done at a rate of 1166 dinars per dollar.

Iraqi Dinar 123 News:- The capital of the Land Bank was increased from 150 billion dinars to 500 billion dinars. This was important according to the council Members and the Prime Minister who announced the amendment in a special meeting. The statement that announced the amendment also said that this was an important thing to do.

Governor of central bank of Iraq Abdel Basset Turky said that Iraqi Dinar will not lose its value in the international market even the worst economic and law and order situation. He said that $70 billion dollars of cash reserves and more than 20 tons of gold is enough to support its currency in the international market.

The Kirkuk Governor Najmiddin Karim said that oil and gas companies operating in Kirkuk are safe and sound. The police and other law enforcement agencies are protecting foreign companies and its officials in the country and hopefully there is no any problem with the security point of view.