Tag Archives: dinar

Iraq’s economy strong; Will not be affected by the new financial crisis

Iraq’s economy strong

Iraq’s economy strong; Will not be affected by the new financial crisis
A new economic crisis is being expected in the international market because the United States of America could not approve its annual budget till the date. United States of America is fang this situation second time. Before this,  it happened in 2008 when Iraq could not approve its budget in the due period. Some of the Dinar experts are of the view that this situation in America can be resulted in a global economic crisis.

Deletion of Three Zeros And Its Benefit For The Investors

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Deletion of three zeros has reached a decision which will happen very soon. This is an effort to increase the value of Iraqi dinar. This is an increase an effort to bring the Iraqi Dinar value in line with an international standard. Iraq is a country that is trying to manage from devastation, recovering from political and social welfare. According to the financial experts, this new change in value will open up the gate of success for, and this will open up the new gates of investment for the foreign world.

Experts Opinion About New Iraqi Dinar RV

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Many financial experts are saying that Iraqi Dinar is on the road of being re denominated by the government of Iraq. As the political and economic conditions of Iraq are getting much better, and in this scenario, Iraqi dinar revaluation will occur soon. Many investors are seeing the opportunity invest in Iraqi dinar by just following the Iraqi dinar revaluation news. Long awaited revaluation of Iraqi dinar will be taking place anytime, and this will make thousands of people rich and prosperous.

SOMO Proceeding Well in Oil Deals in Iraq

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Jakarta Globe has reported on the 3rd April 2013 that Iraq is penetrating in Asian countries by signing big deals with China, India and Indonesia. According to the Reuters, Indonesia has agreed and signed a treaty. As per the agreement, Indonesia will purchase total Basra light crude in the second half of the current year. Iraq`s State Oil Marketing Organization, SOMO has done a deal with Indonesia.

Central Bank of Iraq Maintain The New Iraqi Dinar Value

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CBI further mentioned in its analysis that as this currency revalues or come to the level where it become 1 to 1 then need of issuance of new currency notes will become necessary. It is all depends upon the RV (revaluation of Iraqi dinar).As there is some political crisis these days in Iraq and people are predicting that with the removal of this government only, Iraqi Dinar revaluation is possible, and this is the reason people and the opposition are demanding the removal of this government. Government in this regard has become active, and tried to meet with high officials to discuss all the issues.

National Committee Resolve The Political Crisis in Iraq

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Sadoun said, there are many rumours in the air that the committee has conflicts in it and going to be resolved very soon. He said all of the committee members are working in a full pleasant environment of comfort and ease and we are hoping to get all issues of legislation resolved very soon. We expect to finalize all of these issues with the good deal of time. We want this committee a life time memorable committee of the Iraq and we want that people would memorize the committee members forever.

Current Revolution in Iraq

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In 2003, Iraqi change displaced the Sunnis figures and handed it to the Shiite figures. And this was considered as the Shiite revolution after 1979 and 1982 and with this prominent outcome has had I.e. “Hezbollah”

Nowadays Iraqi conflict seems to be more curious and clear; it has an ideological cover that has fewer problems than any other sort of fight in the “Arab Spring” countries.

Iraq Kicked Turkish Company From The Contract

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According to the dinar news report, Iraq has awarded as a drilling contract with the Kuwait Energy. And with this Kuwait energy will explore the more oil reserves. With the Kuwait energy, Dragon Oil of United Arab Emirates, Turkey State Run TPAO. This is the three-member group that has won the contract during the public auction that was held from 30 may to 31 may wherein finally agreed value of $6.24 service fee per barrel. However, oil ministry of Iraq announced that TPAO was expelled from the project and it was supposed to develop within the oil-rich Basra province.

Important Updates About Iraqi Dinar And Tips to Invest in Iraqi Dinar

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As Iraq relaxes from oppression and worst security conditions, making an effort to rebuild the country and continues to increase the production from its rich and natural oil reserves and the success of its currency i.e. Iraqi dinar is domineering to the success of a young democracy. AS you know new Iraqi dinar was introduced in 2003 with latest denominations and new design and with more security features. The aim of issuance of new currency was only to contribute to the success of the economy and to give stability to the derail economy of Iraq.

Iraqi Dinar v/s Kuwaiti Dinar

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Many people believe that there has been similarities in the value of Iraqi Dinar and Kuwaiti dinar. There was a time when Kuwaiti currency was considered to good to invest. If we compare the circumstances before the First Gulf War, Kuwait had a good build infrastructure as compared to Iraq needed much attention and investment. Although both had similar value of their currency but both were maintained in different scenarios. Kuwait got a diversified economy as compared to Iraq at that time.