Iraqi Dinar 123 News:– Mustafa Al Hashmi, the senior economist of Iraq wonder that why the value of Iraqi dinar is still down even it is backed by gold and foreign currency. Furthermore, the central bank of Iraq has tight control over supply of gold and foreign currency to keep the value of currency stable in the international market. He believes that private sector of Iraq is being neglected for the several years and this is the major problem to be resolved to enhance the value of Iraqi dinar at all levels.
Though the new administration of Iraq is doing its best to improve the private sector and numbers of foreign companies are also taking interest in the private sector, but it is not satisfactory and need much more on the part of government of Iraq. he said Iraq need to focus on its five years economic policy to generate the results. The five years economic policy is the sure way to enhance the value of Iraqi dinar. the five years economic policy designed by finance committee of Iraq and approved by the parliament of Iraq is the sure way to meet the economic targets of the country.