Iraqi Dinar 123

Iraq is the second largest oil reserve in the world. the constantly violent and instable conditions of the country are a threat to the oil reserves. Several British, Dutch and Chinese companies are hired and are investing billions of dollars in the development of the oil fields in Iraq.

According to the sources of the Integrity Commission, a trillion dollars of the Iraqi dinar has been smuggled to Jordan, UAE and Lebanon. It is not easy to cross the borders with Daash supporting the US. It has been stated that in case the recovery of this money is not possible; Iraqs economy would be facing another set back.

The Kurdistan Regional Government is now forced to deal in dollar or it will have to print its own currency to fulfill the daily needs of the region because Iraq government is unable to send funds to Kurdistan to pay the staff salaries amounted to 680 billion Iraqi dinars.

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.

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 experts believe that the banking sector of Iraq is not complying with the international standards and it is one of the biggest obstacles in the development of the country. The foreign companies operating in Iraq often complain for the inadequate services provided by the local banks.

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.

In the recent activities, the ISIS militants attacked Iraqi post at Iraq-Syrian border and killed more than 30 soldiers of Iraq security forces. Initial report shows that the militants attacked from both sides of post, Syria and Iraq and due to this attack the transportation of people including militant s have become free.

Crude oil is the backbone of Iraq economy and militants of ISIS under this fact very well. Therefore their strategy is so clear is to occupy the oil refineries of Iraq and cities rich in the oil. After taking the control of Mosul, the ISIS militants surrounded the Baiji, the biggest oil refinery of Iraq. According to recent updates, the militants have taken the control of Baiji and almost 80% of the area is under control of ISIS.

The impact of this crisis has seen in the US oil markets where oil has jumped to 4.2% in the last 2 weeks. It is one of the big threats to the economy of the world along with the economy of Iraq.

Iraqi Dinar 123 News:- The experts confirm that the security situation of Iraq will affect the value of Iraqi dinar at international market. The reserves of central bank of Iraq are enough to support its currency in the global money market.

Iraqi Dinar 123 News:- The central bank of Iraq announced that with the 70 billion dollars reserves and over 120 tons of gold it has ability to support its currency at international market and will be able to Stabilize Iraqi Dinar in the international market.

Iraqi Dinar 123 News:- The central bank of Iraq announced that with the 70 billion dollars reserves and over 120 tons of gold it has ability to support its currency at international market and will be able to Stabilize Iraqi Dinar in the international market.

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.

Iraqi Dinar 123 News:- The government of Iraq officially invited United States of America to launch air strikes on the Sunni militants. The Sunni Militants have occupied number of cities and towns in the last few weeks and their area of operation is expanding all over the country.

Comprising mostly Sunni Muslims, ISIS is an al Qaeda splinter group that wants to establish a caliphate, or Islamic state, that would stretch from Iraq into northern Syria. The group has had substantial success in Syria battling Syrian President Bashar al-Assad's security forces.

Iraq officially requested USA for air strikes on the specific camps of Islamic militants in the different cities of Iraq that are under the control of these militants now. Along with many other available options USA is also looking for drone attacks in Iraq against Islamic Militants of ISIS.

Iraqi Dinar 123 News: While addressing in FATF, the governor of the central bank of Iraq Turky, said that despite of the present unrest condition in Iraq, the central bank of Iraq has enough reserves to support its country and its currency at local and international market.

Thousands of Iraqis have fled, prompting fears of a brewing humanitarian crisis. Qassim Atta, a spokesman for Iraqi security forces, on Wednesday night said an investigation had been ordered into 59 high-ranking security officials accused of leaving their posts. The officials could be executed if found guilty.

Iraqi Dinar 123 News:- With the view point in the perspective of recent law and order situation of Iraq, the experts and economists wanted to know how central bank can survive in the recent situation.