Iraqi Dinar 123

Iraq need a fully functional government that may stand behind the law enforcement agencies to fight against rebels but it unable to develop consensus among themselves to form a government. In the recent parliament session, the Sunni law makers and Kurd parliamentarians walked out of parliament when Shia majority did not bring their member for Prime Minister Seat.

Iraqi Dinar 123 News:- Iraq is the second largest oil producer in the world after Saudi Arabia. It was expected that with the recent instability in Iraq will disturbed the international oil market so badly. Fortunate the oil industry is not affected too much by this insurgency of Sunni Militants.

The spokeswoman of foreign ministry of Iraq Marziyeh Afkham said that Iraq people will never accept the disintegration of the country. The remarks are made at the time when the people in international community have great thread and most of them consider that Iraq will disintegrate in the next few weeks.

Kurdistan regional government is exporting its own oil through Cyhan port to sale in the international market by the stock available in the Turkey. Bagdad considers this deal as illegal and wants to go in court against this deal between Kurdistan and Turkey.

The governor of central bank of Iraq said while talking with media that the central bank of Iraq has $70 billion as cash reserves that is enough for Iraq to support Iraqi Dinar in the present security and economic situation of Iraq.

Iraqi Dinar 123 News:- After remaining at boom in the Asia and other developing countries, the oil prices decreased in the international market more than 1%. In the beginning the prices were increased in the global market due to sudden changes in Iraq when militants attacked Iraq.

The experts believe that they have seen a huge fluctuation I the sales of dollars at central bank of Iraq in the last two months. This is because of ineffectiveness of the market. The decline in the sales of dollar in the central bank of Iraq is due to present political and security situation in the country.

The government of Iraq will spend 41 billion dinars to improve the lives of house of the representatives to ensure the stability of democratic system in the country. The amount will be spent on the security of these parliaments and to ensure the better facilities of life for these parliament members.

According to the governor of the Central Bank of Iraq said that the Iraqi Dinar is a very strong currency despite its political and social conditions. It is very important to keep the currency conditions under strict observation.

Iraqi Dinar 123 News:- According to economists; the citizens who invest in oil are warned not to base on the sale of oil imports as per the risks included in it. The government change that happened in 2003 caused a lot of changes to tale place with the tax laws so the revenue collected by the government is different from what it was before 2003.

Several Iraqi Banks are facing different issues that are recently being addressed by Hadi- al -Tamimi and the specialists hired by him. They are trying to make sure that they take under strict control the financial buying and selling of different currencies to get over the crises faced by the Iraqi banks.

It has been seen that the oil prices are rising all over the world. This news is great for the oil producing countries. These countries contribute to the increase in not only the price of the oil per barrel but also the increase in their local currency.

The governor of central bank of Iraq about Stabilization of Iraqi Dinar in the international market is looking true after looking the increase in the sales of US dollar at the auction of central bank of Iraq. According to the report prepared by intelligence authorities, the sales of dollar are equal to the one third of the total Iraq budget.

Central bank of Iraq have controlled the value of Iraqi dinar so well and the central bank did not let it down in the international market. But money laundering has become one of the big issue for economy of Iraq that need to be checked with rational steps that need to be taken as soon as possible.

The tax revenue collection department of Iraq reported in the parliament that the tax revenue of Iraq is lower than the expectations and for the real economic growth; it is deadly needed to increase the tax net. More and more people need to be brought in the tax net to enhance the tax revenue of the government.

Iraqi Dinar 123 News:- Governor of central bank of Iraq Abdel Basset was interviewed by CNN Arabic to know the strategies of central bank of Iraq to support its currency when whole currency in the war.

Iraqi Dinar 123 News:- Dubai will form a long term business relationships with Kurdistan as it is always welcomed by the people of Kurdistan; said UAE Consul General Rashid Al Mansouri. He said that UAE is always there to support Erbil in the economic development of the region.

Iraqi Dinar 123 News:- Iraq is burning due to wrong sectarian policies of Noor Al Maliki Administration. John Kerry said that Noor Al Maliki discriminative policies against Sunni Muslims are the major cause of rebellious activities in the country. The consistency of these policies is destroying Iraq and increasing disappointment in the Sunni Minority.

Iraqi Dinar 123 News:- According to recent news from Baghdad, the banking sector is being influenced by the Iraqi Economy. It is a good idea to withdraw money and capital and invest in the Kurdistan region. The money is not too much how ever it can be termed as an asset for the Iraqi banks.

Iraqi dinar revaluation is one of the most discussed topics in and outside the Iraq. People want to know the revaluation of Iraqi dinar when it is going to happen in the market so that they may mature and convert their investments and get rich overnight.