What measures should be taken by Iraqi Government to achieve the sustainability require for Revaluing IQD?

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currencyinvestor19
Posts: 147
Joined: Sun Jul 05, 2020

What measures should be taken by Iraqi Government to achieve the sustainability require for Revaluing IQD?

Post by currencyinvestor19 »

Iraq can be the doorway to do major business over in the Middle East. In 2020 Iraq trade flows remain far below potential as broad-based commercial activity is still suppressed. Numerous non tariff barriers add to the cost of trade. Iraq is open to foreign investment in principle, but bureaucratic inertia, policy uncertainty, and security concerns deter investment growth. State banks dominate credit markets, and the largely cash-based economy lacks the infrastructure of a fully functioning modern financial system. Iraq's economy largely depend on export of Crude Oil and the IQD RV was quite certain in the starting of 2019 but due to Covid-19 pandemic, Oil market crash which leads to disruption in economy which ultimately causes delay in IQD RV. In order to get through from this situation, Iraq has to re direct its course of economical policies and should focus on enhancing and promoting other aspects of Investment and International trade as strong Iraqi economy is the initial step for the desired IQD RV.
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