Now it is high time that everyone is asking that when the IQD RV will happen and in experts opinion it ought to be the right time but IQD RV is not happening at any near time due to some reasons like elections in Iraq and political instability and un reliable economy of Iraq, but it’s a good news that Iraq economy is escalating at a gradual rate.
|Iraq Central Bank is now a days working on a smart strategy, in which it intends to increase its foreign reserves which will help IQD in increasing its valuation. Well it’s the very basic that IQD will only be Revalue, when the economy of Iraq will progress at higher pace and the citizens of Iraq will lead quality of life, like that of developed countries. Iraq major source of income is that of crude oil and this source is generating a massive revenue but the actual thing is thoughtful that where this huge sum of money is going as if the Iraqi’s living standards are not increasing with that revenue production. So the actual thing is that this all massive revenue is not going in the accounts of Iraq Central Bank or Government Treasury, rather it is going in the accounts of US led petroleum companies like Chevron and ExxonMobil. Now a days it is quite apparent from the Iraq condition that US companies are giving small part of their profit to Iraq Government Treasury which quite inadequate to Revalue Iraq on such level as the IQD investors are expecting.|