Situation of Law in Iraq Investment

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As the situation of Law and Order in the country is also improving so it is attracting more and more investors the rate of unemployment in Iraq has decreased with respect to the previous year and the Gross Domestic Production (GDP) has been increased.

Iraq’s major source of foreign income is export of crude oil so that’s why they are finding different ways to increase their productivity to meet the rising demand of oil in the world. Iraq had also planned to increase its export so that they can earn more revenue.

The Value of Iraqi Dinar positively correlates with the price of oil. So we can say that the value of the Buy Iraqi Dinar rise with the rise in the oil prices we had noticed that in 1970’s because of oil crises the price of oil shot up and so the value of the dinar.

The IMF also instructed the central bank of Iraq to increase the interest rates so that the Influence of USD on Iraqi economy can be reduced and it will also help Iraq to increase the worth of Iraqi Dinar with respect to the dollar.

So as per the financial statistics as well there is a great chance that Iraqi Dinar will gain its lost value of 3 to 1 to the dollar.