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This is the positive side of Iraq’s economy. On the other hand, Iraq is still going through a tough time. It is still in the condition of war. Although, there is no direct war going on in the Iraq, but terrorism act is taking huge revenue from Iraq. Iraq’s current government is made by Shia party. Sunni party has conflict about it. Read More »
When we talk about oil reserves of Iraq, we only give reference of the oil that is technically and economically possible to explore. How much more is hidden under soil of Iraq? This is another surprise. Read More »
Iraqi Dinar is one of the most profitable top ten currencies of the world. Iraqi dinar came into circulation in the year 1932. The Iraqi dinar suffered ups and downs, with the World War and the Gulf War. Later, it regained its position at a good rate in the world currency market. Read More »
After 2003, the education system of Iraq got better. It was seen that it suffered a downfall soon again in 2007. How ever, the government is trying to invest more in its education, so that the people of Iraq would make efforts to educate their children which would be good for the future of the country. Read More »
The economists are expecting the new exchange rate from central bank of Iraq in May 2014 and advising the international companies to deal accordingly. Some people are of the view that central bank will not be able to issue the new rate until the declaration of annual budget of Iraq. Read More »
After a huge criticism on monetary policies of central bank of Iraq by economists and government of Iraq, the central bank of Iraq introduced de facto dual exchange rate system in the country. This system allowed central bank of Iraq to control the value of dinar in the country as well as in the global market. According to this system, Iraq introduced two exchange rates for the different sectors Read More »
The frozen assets of Iraq in the foreign banks are under discussion for couple of months, especially after Chapter VII of United Nation. These frozen assets are $82 Billion and were freeze due to invasion of Kuwait by Iraq in 1990. People are not sure about these funds and most of them are consider as barren amount that will not be released to Iraq. Read More »
The central bank of Iraq surprised the whole economic world with the purchase of 36 tons of pure gold and doubled its gold reserves. According to report it is one of the largest gold deal that central bank of Iraq made ever in the past. There are different statements about gold reserves of Iraq now. Read More »
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