Iraqi Dinar 123

Central bank of Iraq closed its successful trade session of the week with the stable exchange rate of Iraqi dinar 1116IQD against a dollar. As compare to the last session $175.612 the current session closed at $215.603 million that shows a healthier growth in the trade of dollar at auction.

The central bank of Iraq surprised the whole world with the recent trade of gold. The gold reserves of Iraq have doubled now after this purchase of 36 tons of gold. The recent gold reserves of Iraq are 63 tons after addition of 36 tons in the total gold reserves of Iraq.

Central bank of Iraq is always looking for tools and techniques to stabilize its currency in the international market. Time to time it introduced different methods that it considered to be beneficial for Iraq and its economy. The recent technique that central bank of Iraq going to introduce is to buy 36 tons of gold ingots.

Since Iraq and many other countries are thinking to trade through gold, other than US dollars or any other currency of the world, the gold prices to going to recover in the Asian markets and the dollar rate is also falling in these countries.

Central Bank of Iraq knows that the demand and supply of dollar can impact the currency of Iraq in the local and international market. Therefore, Central Bank of Iraq is trying to keep demand and supply of Dollar under control to stabilize the currency of Iraq.

Even after passing a year, the people of Baghdad could not understood the mechanism being used for transactions and operations in the stock market of Iraq. Due to this confusion and due to poor mechanism, most of the people in Iraq prefer to buy fix assets rather than buying equities from stock market.

Few months ago the Central Bank of Iraq opened its office in Dubai and attracted number of foreign banks to invest and start their business activities in different cities of Iraq. Fransabank is one of those international banks that showed interest in opening new branch in Iraq.

Iraq has seen hard time for several decades. But, after 2004, the condition appears to be getting strong. Iraq is starting many new projects to earn revenue. It is trying to increase oil trade mostly because oil is its huge asset Iraq is proud of.

The CBI is to be commended for the stability in the exchange rate of the Dinar to the Dollar, but was for the policy short term. It is time to take the necessary steps to implement the project for deletion of three zeros for dinar revaluation, without any delay.

The coin will have an important role and is effective in raising the value of the Iraqi dinar. The only way the coin will work is to remove the 3 zeros and add value to it. The Central Government and Kurdistan Region have reached a compromise over exporting the oil and endorsing the Budget.

The increase in consumption will lead to annual prices of oil in international markets, so the oil prices heading upward to increase to more than 120 dollars during the next two years, and this is what would best benefit the developing countries that rely on oil as a major source of the economy.

The media reports raised concerns that the U.S. The administration confirmed that Iraq has signed deal with Iran worth 195 million dollars to buy weapons and ammunition, which was confirmed by the Chairman of the Commission on Security and Defense parliamentary Hassan Sinead, and denied by the Iraqi Ministry of Defense.

According to the Foundation in the news report that a joint venture to explore for oil comprising enterprise Korean oil enables the discovery of new reserves in the field Haulir in the Kurdistan region of Iraq, the hole Albanan exploration fourth in a field Haulir produced the successful 4,320 barrels of light oil daily drilling tests, which began in January last year.

The rates are contemplating the same. My thoughts as always we have been alerted and we are on standby for our exchange and this can happen at any second, we have no knowledge of any delays, banks abroad are waiting for your Washington folks to get it rolling, last word out is that it is now in motion.

The window is still through Saturday and getting smaller. I have heard nothing to change that time frame yet. Everything is still progressing and looking good. There are some small nuances, but we are in a good position overall. I've been told it could happen any minute, 10 minutes, an hour or 36 hours.

The decision of the Commission on Economy and Investment parliamentary Muhma Khalil: "The central bank is obliged to maintain the exchange rate of the Iraqi dinar and a balance must be maintained by the sovereign and the feature in the Iraqi economy, because it is expected to be the Iraqi dinar economic identity in the region."

A statement from the Office of the Deputy Prime Minister for Energy Hussain al-Shahristani, today, received by all of Iraq [where], copy it, that "al-Shahristani, received in his office this afternoon Kuwaiti ambassador to Baghdad, Ghassan Al-Zawawi, the two sides discussed ways to strengthen political and economic relations between the two countries brothers.

I am dropping a note to let people know that the rest of this weekend is looking good and every weekend up to the second week of April. Maliki wants this before the election and because of this the window I just gave is and will get stronger every week, So if it gets by this weekend then do not be discouraged the next weekend is just as good until April.

The federal budget is not just like any other laws they represent the backbone of the life and durability of the Iraqi state in the facilities of life all, they are obviously announcing that the budget is the open window to the world…we should see the budget in the very near future.

A member of the Finance Committee in the House of Representatives Najeebeh Najib, said that the budget deficit for the fiscal year is not physically present, indicating that the planned deficit is limited to theory and not in practice.