Date: 2012-09-20 12: 42: 22 Thursday
Baghdad (News) … Financial expert ruled out as beautiful, a global economic crisis might damage the national economy and the local currency because they are supported by large oil wealth and cash reserves of hard currency.
A beautifully (News Agency news): increased production and export of Iraqi crude oil and rising oil prices in global markets will support the national economy and make it strong and not affected by the global economic crisis.
He noted: that the Iraqi dinar is covered with large reserves of hard currency and there is data indicate the increased demand for buying Iraqi dinar in the global banking markets, this indicates that the dinar started to recover and regain its international and regional currencies.
He added: that Iraq has a large investment opportunities which can attract international companies to invest in the Interior of the country, what gives support to local currency by increasing demand for buying Iraqi dinars in the finance markets.