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Iraqi Dinar
2011-04-10 20:44:05
BAGHDAD (Reuters)- Iraq prepare to revalue the currency after doing external debt resolved, Central Bank Governor Sinan Al-Shabibi said.

“We paid a sum debt to kuwait and the balance would be made in the near future. We also want ensure total government iraq formed. I believe, we will see it in nearest time,” he said.

He said , to make economy iraq to the level that highest, it need steady currency phased international.
Iraq holds the world’s third-largest oil reserves, with 115 billion barrels, behind Saudi Arabia and Iran. The International Monetary Fund said it expects the economy of Iraq to expand 7.3 percent this year and 7.9 percent in 2011.
IMF and Iraqi authorities are projecting average production of 2.6 million barrels of oil per day with exports of 2.1 million barrels a day this year. Next year, the projections are for output of 2.9 million barrels a day and exports of 2.3 million a day.