Iraqi Dinar 123

The economic legislations are badly needed to bring out country from this economic crisis. The legal experts are trying to find out the ways to bring country out of this crisis as soon as possible. To protect the states resources and implementation of the projects and plans properly, the legal expert Adel Al Lami pointed to lagging in the implementation of projects and the low level of performance.

The central bank of Iraq purchased 36 tons of the gold ingot in the month of April 2014 to increase the gold reserves of the country and ultimately to enhance the value of Iraqi dinar in local and international market. this purchase increased the gold reserves of Iraq by 90 tons in 2014. The purchase of this huge quantity surprised economists all over the world.

Most of the people are discussing the June for revaluation, on the different economic forums. Dinar gurus and other economists are so confident for big economic changes in Iraq. Hopefully these changes can be related to RV. Some of them expecting revaluation before June and some are not in the favor of this expectation.

One of my reliable source said last night that revaluation is about to happen. IMF and World Bank want to revalue the currency of Iraq but they are looking for election results. There is 100% chance for revaluation of Iraqi dinar if Noor Al Maliki won the election campaign. This is because, for the continuation of the policies, it is necessary for Iraq to have same governor and its administration.

The central bank of Iraq sent 146 kg gold in the market for testing purposes. This gold is given to the different reputed jewelers in the Baghdad. The ministry of planning and development cooperation has assigned a task to monitor the performance and output of these gold ingots in the market. The ministry of planning and development make frequent visits to the different shops in Baghdad to ensure the CBI strategy.

The government of Iraq is struggling hard to get membership of World Trade Organization. Iraq will be allowed to trade internationally without any restriction in the world. The countries with the membership of WTO are considered more reliable in their business deals with other countries of the world.

Iraq is already passing through a difficult economic situation and in this situation this irregularity is unbearable. The issue between Erbil and Baghdad need to be resolved unless it is too late. The integration of present budget with the next one is never favorable the country and its economy.

The oil policy defined in the annual budget is the main conflict between Baghdad and Kurdistan. According to this new policy, Kurdistan will have to export 400,000 barrels oil per day through Baghdad pipelines and in the failure, the 17% deduction will be made in the final budget of Kurdistan. Kurdistan is not ready to accept this term and consider as against the interest of Kurdistan.

The Iraq stock exchange conference is going to hold in Erbil 14th May 2014. Iraq will discuss the financial matters of Iraq and international market on the basis of newly established Iraq stock exchange. Iraq stock exchange is operating with thirty listed join stock companies and trying to enhance the scope of the stock exchange locally and internationally.

The hearing of biggest fraud in the currency of Iraqi dinar has started in United States of America today. The three American fooled his fellow Americans by investing $23 million in the Iraqi dinar. The investors were attracted by Trio by the false statement for revaluation of Iraqi dinar. Some sources say that these investors were attracted by the statement of Noor Al Maliki that he gave on local T.V about revaluation of Iraqi dinar by the 30th of April.

The condition of the security is getting worse in Iraq as there are suicide bomb attacks every other day. As an estimate, there were only three suicide attacks in November 2013, which has increased to 50 in this year. Like every factor, this security factor has also effected the revaluation and stability of the currency, but this is alone not responsible for the delay in revaluation.

The Staurt Jones will start his work after final results of general elections. The ambassador will meet prime minister of Iraq and the Prime minister of Kurdistan Regional Government to create consensus between both of the regions. Resources say that Baghdad is ready to export oil through Turkey pipelines.

People were expecting RV before general elections and were almost ready for it. The Noor Al Maliki Administration often talked about 30th April for expected RV date but this date also passed like many other dates. The political gurus were expecting RV from Noor Al Maliki to maintain its worth in the public as it was a game changing step if taken by taken by Noor Al Maliki.

People of Iraq are waiting for election results 2014. The international companies operating in Iraq are also waiting for election results because they are expecting the budget approval after the final results. The economists are expecting some positive changes in the economy of Iraq after declaration of budget. Approval of budget means resolving the issues between Baghdad and Erbil.

These investors are mostly reputed international banks, financial institutions and x-army officers from US Army. If revaluation is scam and if investing in dinar is the wastage of time and money, so why these reputed banks and financial institutions are giant investors in dinar. We know every country of the world want its currency at the top of the list and every central bank try its best to stabilize its currency at local and international level, and same doing Iraq. Like other experts of dinar, I don't think that revaluation of Iraqi dinar will happen in the near future.

Some authentic sources say that some active factions are thinking to control central bank of Iraq and want to draw hands of Yasiri from CBI. The relationship between central bank of Iraq and the government of Iraq are not going well for the last couple of years. The ineffective monetary policies of CBI for dollar auction sales remained under severe criticism by parliamentary finance committee of Iraq.

A country cannot make any development in any walk of the life without political stability. The people of Iraq with the severe terrorism threads came out of the homes to cast their votes as they want change now. The Noor Al Maliki administration could not control the major issues of Iraq like corruption and stability in the Iraqi dinar.

The people of Iraq came out of their homes for change and cast their votes in the favor of Iraq. Number of terrorist attacks were reported at different polling stations of Iraq and resulted in several causalities. But nothing could stop the people of Iraq and a healthy turnover was reported in this election.

The printing of new Iraqi dinars with the value of 250, 500 and 1000 Iraqi dinar notes has created misconceptions in the mind of common people and has raised many questions. The most common question is that if central bank of Iraq wanted to delete the zeroes from currency of Iraq so why it printed these new notes and circulated in the country.

The aim to stabilize the currency of Iraq, the central bank of Iraq allowed money exchange companies to open bank accounts in Iraqi dinar and US dollar directly in central bank. The purpose of these accounts to expand the sales of US dollars and other foreign currencies so that dinar could be stabilized in the country. More than 34 local and international companies instantly accepted the offer of central bank for opening accounts.