******** Expectations of a recovery of the Iraqi dinar again after the end of the war on Daash economy

Now remember this is only an OPINION Piece!




Since 03/03/2016 21:20 pm (Baghdad time)

Translation balances News

It can not ignore the fact that Iraq is a big changes in the economy if the available investment opportunities and appropriate planning strategy to take advantage of its resources properly.

Iraq is on the verge Anfjarmen financial growth, which encouraged him to promote foreign investment in infrastructure, oil and manufacturing, this is what you go to him Wall Street Journal, the US, and provides a quick inventory of factors to achieve this, including that "Iraq is a country of over 30 million people with the active workforce and education as well, which is a very attractive country for foreign investors and can attract Iraqi companies, foreign investors' willingness to open a huge investment projects. "

Despite the announcement by US President Barack Obama to end military operations in Iraq it may take some time before the country reaches a stable and peaceful situation.

The paper says that "in spite of all these facts, we can not ignore the fact that Iraq's solid state resources if placed under the authority of the administration to create investment opportunities and enormous changes occurring in the economy."

And it stresses that "with economic development in a very short time when Iraq becomes one of the world powers."

And it draws out that "the Iraqi government has taken several critical steps to boost the economy in Iraq, such as the government seeks to reduce the inflation rate from 19% to 6%."

And it suggests that the "government of supply and demand equation for funding opportunities in the local market, where the Iraqi government has carried out several contracts with international companies to increase oil production, is expected until the end of 2020, oil production up to the level of 10 million barrels per day."

Also it notes that "by this date, it is expected that Iraq will be one of the largest suppliers of oil."

He says Iraq may become a timely manner, "the state's largest supplier after Saudi Arabia and Russia," but she pawned it to "the stability of the current oil prices."

He believes that this "will move significantly the revenues from Iraqi oil which is actually good marks for the developments of the Iraqi economy."

Health and find that "despite the fact that the increase in the value of the Iraqi dinar is still weak, it is still surprising a small increase but are continuing in the value of the Iraqi dinar, despite the economic recession all over the world."



And explains that "at the present time, locally traded Iraqi dinar only, and not in all parts of the world. It is likely to remain in this situation for a long time, depending on the ability of the country's importation, and assess the level of consumption to ensure the preservation of the welfare of the Iraqi state," noting that " currently the actual determination of foreign currency and actually depends precisely on the ability of the state in the completion of raising oil exports and the way they will try to organize the use of oil within the state. "



It cautions that "most of the foreign exchange earnings of Iraq has nothing to do with the Iraqi dinar directly because everything is usually purchased in US dollars."



The newspaper expects a recovery of Iraqi currency after the end of the war with Daash he says it will be stronger after the federal government control over the vast supply of natural resources revenues.



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