The deletion of the zeros from the Iraqi Dinar to make it look better has always been quite a task and a difficult decision to make for the authorities. Recently a few days ago the Iraqi Central Bank Governor Dr Sinan Shabibi, in a dialogue with the news paper magazine Dinar Dealer  said that he feels restructuring of the national currency is of importance.

Question: Experts emphasize the poor performance of Iraqi banks what are your steps to address this imbalance?

Answer: the central bank of Iraq always supports the Iraqi banks. The CBI has it as a priority to help other banks and for the development and the reconstruction and the advancement of the country’s economy.

He also told that if they raised the capital of private banks to 250 billion dinars in next year would help to promote and expand the role played by the Department of banking services. He told that they at the CBI are helping other banks to expand its circle of activity. There are many loans offered and other strategies managed to explore more for the betterment of the Iraqi Dinar.

Question: Are there specific steps to seek to achieve in this area?

Answer: Sinan told that the need to promote the banking culture is necessary for the use of modern systems that facilitate the transactions and the trading processes between banks and their affiliates. The steps are taken to improve the relation with the foreign banks. It sure will be a great thing for the Iraqi Dinar.

Question: Plague the economic and financial circles, sometimes due to fears of price fluctuations of the Iraqi Central sales of the dollar?

Answer: the strength of the Iraqi dinar has made more string the reserves of the CBI the foreign exchange reserves up to 60 billion dollars. This makes the Iraqi Dinar the strongest currency in the region.


The rush on gold prices is increasing day by day due to increase in prices.Now a days the prices are about  $1200 per ounce and it is expected about $5000 per ounce in the next few years.It is used to store as a foreign exchange reserve.The use of silver is more than gold mostly used in industries.Now the prices of silver are about $18.As the demand of silver is going up and up,it will become $100 in the next coming years.Most  experts of gold and silver are seeing the prices of silver three time more than gold in upcoming years.Now there are financial crises in the world.This is right time to invest in gold and silver.Some financial institutions,experts and fund managers expecting gold prices upto $7000 per ounce.According to them you can earn big profit in this field.Gold and silver exploration company is an example of profifs in gold and silver who gave profit of 1.5 to 7.5 per share in market.

If you are going to invest in gold and silver, please attach yourself with any gold and silver mining company.As now you are seeing its prices as gold at $1200 per ounce and silver at $18 but in the months of the coming years you will see gold at $5000 and silver at $100.It shows a huge profit.So don’t  be late and come into the rush of buying gold and silver and make your investment safe.It is considered as cash in your hand.