Role Of Iraqi Government in development of Iraqi economy
- Author James Cuck
- Published November 7, 2011
- Word count 495
Iraq is now paving his way towards the success. There have become the opportunities that Iraqi will regain its actual position in the world as it was earlier. As you know Iraqi government has come in being in 2010 and its working for the rehabilitation of Iraq and Iraqi economy. The results are now coming out from the efforts made by the Iraqi government. But it would not be wrong if we say that the efforts were started from the 2003. US also assisted the Iraqi government to improve the Iraq’s infrastructure, stability in Iraq, Security of institutions, economic growth and legitimated political representation. In this matter national government played also a very crucial role.
These are some of the efforts which were made in coalition with the Iraqi government with local governments and institutions. With the aim to cutting down their massive pre-war debt, possible domestic capital markets were generated. The France was kind adequate to forgive and forget 80% of Iraq's arrears. Their policies and strategies towards economic stability and future growth attracted investors worldwide.
There were made the issuances of foreign bank licenses after group of years to banks such as Kuwait National Bank, HSBC, National Bank of Iran, Commercial Housing Bank, Standard Chartered bank and Arab Banking Institute Bahrain. To with the objective to form the vibrant market economy, Interest rates were further liberalized. The re-energized banking system was predictable to have a positive and good effect on the worth of Iraqi Dinar. In addition, the Iraqi Central Bank came into being as an independent agency having no any political influences from Iraqi political parties.
You will be familiar with these facts and figures that before the sanctions of United Nations, the Iraqi dinar was equivalent to 3.33 US dollar and before the Iraq war; the Iraqi dinar was traded at 0.33 per US dollar. From these two fighting operations of the state, the Iraqi economy and Iraqi dinar was affected very much and has decreased to an all time low value and worth.
However, after the combat operations, the government has got succeeded in making the currency level up to 25 % and currently the value of Dinar is 1400 against the USD and this level came from the 3500 against the USD during the US invasion. Even Kuwait and Germany had to face like these devaluation but both of these recovered from the severe conditions immediately.
The recovery and development in the currency of Iraqi Dinar is improving day by day and it’s very amazing for the investors. Iraqi government has done a very good job towards global market integration of Iraqi dinar. Government’s efforts will spur the value of currency. Now Iraq after its recovery will focus on discovering its natural resources and then utilizes those resources. All this happening just like a dream and unexpectedly and no one were expecting the great improvements in the Iraq and Iraqi economy, but hope is changing into reality. Investors should not delay now to become rich.
Want to find out more about Iraqi Dinar, then visit site www.tampadinar.com on how to choose the best Dinar for your needs.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- SCOFI: Pioneering Venezuela’s Petroleum Industry for Over 65 Years
- To Understand Risk, Start By Asking What You Don’t Know
- How To Make Money On Binance: A Full Guide
- Airbnb Investment 101: Tips for New Hosts in Australia
- Indian Gold Demand Rebounds During Important May Festival
- The Investment Terrain in Crypto, Blockchain, and Web3
- Exploring Bitcoin: Corporate Giants Embrace the Cryptoverse
- The Significance of Static IP Address for Trading
- TYPES OF FOREX REGULATIONS
- Weekly Events: Avalanche & Chainlink Collaboration, CommEx Closure, And More
- Assani Elolo Ronaldo - How Bank Instruments Facilitate Gold Deals
- Crypto News: Mempool Solana Shuts Down, Police Integrate Cardano Into Their Work, WhiteBIT And FC Barcelona Launch New Course
- Is Crypto Entering 2021 Vibes?
- Bitcoin Updates All-Time High In Momentum Amid Its Scarcity
- Analyst Announces Bull Run Start, Cites Stock-to-Flow Strategy
- Weekly Crypto News: Telegram Pays Toncoins, WhiteBIT Is Now TradingView Broker And More
- undetectable banknotes
- Unlocking Financial Success: Why Successful Portfolios LLC is Your Best Advisor
- Are EVs a Threat to the Republic?
- A Deep Look Into Binance: Can It Really Be Trusted?
- Ledger Live - Most Trusted & Secure Wallet - Ledger
- Decoding the Future: Navigating the Crypto Landscape
- Don't Cry for Me General Motors
- Investing in exponential growth stocks: what can you choose
- Leveraging ChatGPT AI for Smarter Stock Market Analysis and Investments
- Shib, Doge, and Pepe Have a New Competitor: The Rise of $FUFU Token
- Unlocking Wealth: The Power of Apartment Syndication in Real Estate Investing
- 6 Reasons to Invest in Bitcoin
- Blockchain and AI Convergence: A New Era of Innovation
- Financial Planning for Small Business Owners: Tips for Success