Central Bank of Iraq Maintain The New Iraqi Dinar Value

Listen to this article

CBI further mentioned in its analysis that as this currency revalues or come to the level where it become 1 to 1 then need of issuance of new currency notes will become necessary. It is all depends upon the RV (revaluation of Iraqi dinar).As there is some political crisis these days in Iraq and people are predicting that with the removal of this government only, Iraqi Dinar revaluation is possible, and this is the reason people and the opposition are demanding the removal of this government. Government in this regard has become active, and tried to meet with high officials to discuss all the issues.According to the predictions for Jan, there is solid news about the announcement of the budget. It has been expected that the budget will be announced at the end of this month. The government has placed high officials to process the budget of Iraq. Many internal resources are predicting that the Budget will the people friendly and policies mentioned in the budget will give the flexible policies. The new budget will be according to the demands of the people. This budget will be helpful to resolve the financial crisis of Iraq and with the help of policies in the new budget; government will find a lot of assistance to reduce the inflation rate. Many people predict that a major obstacle in the Iraqi system is Iraqi PM i.e. Noor-al-Maliki and this person, not letting anything to be happened good for the economy of Iraq. Despite this entire crisis, at the end of this month, Budget will be announced. The new budget is helpful for revalue of Dinar Money.