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Category: Iraqi Dinar Economy

Experts Expecting 8% GDP Growth Per Annum

Experts Expecting 8% GDP Growth Per Annum

Iraqi Dinar 123 News:– A number of specialists and experts from the financial and economic affairs predicted that Iraqi non-oil sector is improving its growth rate and it would be more helpful to increase the GDP growth rate at 8 percent per year. They admired the reforms packages and major steps taken by the Iraqi government, which would turn on the private sector to bring down the dependency on oil revenues for the next year 2016 budget. At the other…

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Iraqi Dinar Dashed Over 50K Malaysia’s Dreams

Iraqi Dinar Dashed Over 50K Malaysia’s Dreams

Iraqi Dinar 123 News:– It is reported that more than 50 thousand Malaysians had dreams in their minds to become an overnight millionaires because of circulated sophisticated scam of Iraqi dinar currency. A report indicated that most of them have lost RM 500 to RM 20,000 for exaggerated amounts for Iraqi dinar currency after considering that a heavy profit would be the output due to the improvement in the Iraqi currency value. Most of them waited for more than 11…

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Economic Mobility Is Easy to Adjust With a Realistic Budget

Economic Mobility Is Easy to Adjust With a Realistic Budget

Iraqi Dinar 123 News:– The Iraqi 95 percent economic system is dependent on its oil and new Iraqi budget should be prepared according to the oil price situation and export ability of the country. The Iraqi government needs other income resources and should focus on non-oil sectors in order to enhance the national wealth and boost up its economy. So, keep in mind all these factors and adopt some positive strategies prior to finalize the next year’s budget 2016. It…

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Dinar to be More Stable Due to High Cash Reserves

Dinar to be More Stable Due to High Cash Reserves

Iraqi Dinar 123 News:– A famous economic expert Firas Amer said that Iraqi foreign cash reserves will be used to cover the need and stabilize the Iraqi dinar exchange rate. He issued statement in an interview that Iraqi Central Bank and private banks have taken a number of steps in order to achieve stability in the Iraqi dinar exchange rate against most of the major currencies. It would enable to bring Iraqi currency at normal level as country experienced high…

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Iraq is Facing Difficult Financial and Economic Conditions

Iraq is Facing Difficult Financial and Economic Conditions

Iraqi Dinar 123 News:– The Central Bank of Iraq has admitted the most critical financial condition in Iraq. CBI said that Iraq is facing a challenging financial situation and it will be continued in the future due to the instability in the global oil prices, which was also recognized by the Iraqi Finance Committee in the House of Representatives. The CBI also confirmed that deficient planning of budget 2014 made the Iraqi financial condition more severe. A spokesman from the…

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Iraq Cash Reserves Declined But Gold Reserves Are Increasing

Iraq Cash Reserves Declined But Gold Reserves Are Increasing

Iraqi Dinar 123 News:– Iraqi Parliamentary Finance Committee has revealed that Iraqi reserves are amounted at 59 billion U.S dollars and more than 90 tons of Gold. Finance Committee also stressed that Iraqi reserves facing decline every year and the main cause of this decline is because the continuous downfall in the global oil prices, which is now at 40 U.S dollars per barrel. Haji Ahmed Rashid also added that Iraqi reserves are continuously declining every year, especially in the…

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CBI Announced Date for Auction Sales of Foreign Currency

CBI Announced Date for Auction Sales of Foreign Currency

The Iraqi Central Bank issued a press statement that Central Bank would start next live auction sales of foreign currency on 4th August 2015. According to our authentic source from the Central Bank said that next session for the auction sales of foreign currencies will take place in the first quarter of the next month according to defined plan by the Central Bank. Source further added that we are expecting that maximum companies will participate including some government agencies will…

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Companies Looking More Suitable Environment for Investment in Iraq

Companies Looking More Suitable Environment for Investment in Iraq

Economic Experts warned that the provisional stoppage of tax would be a stronger benefit for tax elusion. It would also allow engaging the taxable projects in economic cooperation with the excused in shifting profit projects using based prices of shared conversion as the payment price was fabricated evaluated with the purchased Items from the other companies. It was then rediscovered as masquerading payments and most of the companies have shown their expertise to find multiple ways in getting around the…

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