2-6-2015 *American Contractor

[Vixen]

2-6-2015 *American Contractor ~Inside the Iraq Federal Budget, there will be three very important economic laws passed. The laws will be Custom Tariffs System, the Local Products Protection and the Consumers Protection. The Custom Tariffs System will be of no use in the northern Iraq as the Islamic State militants control all border checkpoints. There will be no revenue gain as long as the militants are there. The Iraqi government is trying to control the price manipulators of goods coming across the border. The Iraq Stock Exchange is noticing the effect of a strong dollar and the weak Iraqi dinar. Chairman of the Securities Commission Abdul-Razzaq al-Saadi said “Supply and demand and the impact of the Central Bank through traders sell the dollar and reduce the amount of the money changers and the amounts sold led to higher prices in the Iraqi market.” We hope that the Central Bank can stop the current monetary policy and increase the value of the Iraqi dinar.