2017/4/5 11:19:26 AM
There is no doubt that the main driving force of economic growth in Iraq, is its natural resources, which is reflected in the large number of oil and gas fields, which have become open to international trade.
And investing companies from all over the world in the development of these resources, which is reflected in the increasing oil exports in the country. It seems that Iraq has fully recovered from the damage suffered in the time of Saddam Hussein’s regime.
And on further exploration of Iraq’s oil reserves by international companies that are supposed to lead to a major increase in oil wealth, as well as known reserves in Iraq, it seems the country in spite of all these features have to form a geologist could reach the summit of wealth, unlike countries that spend a lot of money drilling, and this leads having to pay exorbitant costs for the extraction of oil.
A good example of this, the advantages of Iraqi production. The country produces oil, despite the ongoing war in which, unlike Saudi Arabia, which it wants to increase spending to avoid bankruptcy of shale oil production. While oil producers have been affected in the United States because of an attack on Saudi Arabia over Yemen, Iraq still continues its production and sale of oil profitably.
The value of the country’s economy as well as its currency, directly reflected in its natural resources, oil Valahtaatat large Iraqi, enough to push the young democratic economy to prosperity. Given that there is a need for oil, it is indispensable for gas all over the world. The Iraq can look forward to the continued growth through the growing role of the public oil supplier.
Although Iraq was not previously economically exists, but it has become clear and increasingly present a strong regional role given natural Mahmyate. In fact, Iraq’s oil minister said recently that Iraq will produce 5 million barrels per day in the second half of the year 2017.
With the economic boom led by the oil industry in Iraq, the national currency will rise eventually to reflect the true value of the oil indispensability of the country. It is likely to happen up when the central bank raises the value of the dinar.
In addition, the current political events play a key role in predicting the future of the national currency, and the “ban” on the Islamic countries, provoked by the US President, would have significant consequences for the Iraqi economy.
The decision proved Trump by lifting the ban Iraq from the list of travel to the United States, a great benefit to the country’s currency for other foreign currencies Iraqis exchanged more advantageous prices.
In any case, it seems the Iraqi dinar waiting for a bright future, in the end it is important to note that Iraq offers a wealth of investment opportunities in many industries with high-based oil and gas reserves of the economy.
These opportunities will become more pronounced in the coming years, as the government will continue to provide new possibilities for international investors.
Source: Online Treadeng News
Translation and News