Iraqi Dinar 123

Iraqi Dinar 123 News:- The central bank of Iraq has decided to cut down the price in the selling of dollar. The price would be managed during the auction sessions. This decline in the price is to be done for the encouragement of people who would be providing a good system of management in a better way.

Iraqi Dinar 123 News:- The credit amount for the documentary credits was increased after a joint a decision which was reached on after a meeting between the government and the CBI. The amount was increased from 4 million dollars to 10 million dollars. This decision was made after four meetings.

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:- 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.

Iraqi Dinar 123 News:- The economic conditions of the country can be handled and tackled in a much better way. The senior economists are making sincere efforts for a better system of management of the economy. All those people who know that Iraq is struggling due to its economic conditions should know that Iraq is trying to make sincere efforts to make it better.

Iraqi Dinar 123 News:- Iraq is facing lot of challenges internally and worldwide these days. The lower oil price internationally is a big challenge for Iraq. Iraq oil exports are down gradually. Iraq is one of the larger oil producers in the world but low oil prices effected Iraqi exports.

Iraqi Dinar 123 News:- Finance committee explained that the delay in approving the Iraq budget because of dispute between provinces in Iraq. Baghdad and Kurdistan major dispute on oil production and revenue. Decline in the oil prices effecting Iraqi treasury and Budget depends on treasury.

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 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:- Finance committee planning to increase state revenues with the help of taxes and customs. The member of finance committee Masood Haider said committee discussed in this meeting increase revenues of state from taxes and custom duties. All the process is being done with the coordination of ministries and financial advisers.

Iraqi Dinar 123 News:- It was announced that Baghdad would be paying eight thousand dollars for each US consultant that is working within the Iraqi region. Iraq has been facing a lot of crisis in the form of financial issues as well security issues.

It is good news for Iraq that Kurdistan is taking interest in the improvement of the country by exporting oil for the betterment of the country. The Kurdistan region exported oil through Ceyhan port. The KRG oil is equal to 150,000 barrels a day and it was exported to Turkey through Ceyhan. With the stable price of the oil and that also at a lower rate of $80 per barrel; every country is interested in importing and storing oil.

Iraq has spent 900 billion dinars on the three phase project of the streams of Hilla. The municipal ministry of Iraq understood the fact that they need money to develop new streams which was introduced in the form that the budget of 2014 was supposed to have a chunk of it expense in it. The ministry is trying to handle all the issues regarding the project and handle all the things in a proper way.

The government has decided to lower the prices of oil to help in engaging the private sector for the well being of the country. The government has been thinking about taking this decision but because Iraq has been struggling since long so it may not be a good decision. Financial experts advised against this and it is a good idea not to lower the oil prices because the economy of Iraq is already suffering.

The process of ownership of the land to the owners is being done. The city of Nasiriyah is being given out to the owners after the completion of the necessary paper work. The city had been disturbed due to the security conditions of the country and because of war the people had to move to other areas. Now things have settled in the area and the people are being transferred back through a proper channel.

The environment Minister of Iraq sent a delegation to attend a conference in Paris. The conference was being held on the Ozone Protection. The delegation was headed by the Environment Minister himself. Specialists form different fields were also a part of the delegation.All the people taking part in the conference were experts in their respective fields.

Iraq is trying to revive its country economically and they are investing in different schemes for the betterment of their country. The Municipal Ministry approved of the great streams of Hilla which was to be completed from the budget of 2014 in three different stages. This project was something that was to be handled with the total cost of 900 billion dinars and with the help of proper technicians.

The budget not appearing causes a lot of trouble for the different people not matter what country it is and for a struggling country like Iraq; it is a big thing. The cabinet decided to cut down on some expenses but it is not easy because it is important to spend money especially in the pumping of oil. The issues have risen within the country itself due to the budget and the Kurdistan region is quite disturbed.

Australia is helping Iraq in settling by being a part of the global economic promotion development and job creation issues.The country is going through financial crisis issues which are problematic for the public as well as the government. Middle East was dominating the economy during the previous century but things have changed now.

The Trade Bank of Iraq showed interest in the economic conditions of the country. They opened their eighth branch in Baghdad which is a good sign because all the expert companies that are doing trade with other countries are helpful in the handling and management of the different agencies. It is a good idea to handle things out in a good way.