Are you wondering how Iraq’s moving out of the ruins? Apparently, it has been doing well with many overwhelming updates on the CBI, Draft Law, and the Private Sector. Learn more about the latest goings-on at Iraqi new dinar news 2012.
Iraqi New Dinar News 2012: CBI Feasibility Study
Central Bank of Iraq recently completed its feasibility study on the use of retail electronic payment system. Iraqi new dinar news 2012 reported that the study looked into the credit card project. Nonetheless, it stressed out the importance of competent companies eligible to handle the essential requirements of the system.
Iraqi New Dinar News 2012: Oil and Gas Draft Law
Since the Iraqi government understands the dire need for the enactment of the oil and gas law, the adoption of the 2007 draft has been agreed upon. The Council of Ministers and the Iraqi Parliament have reached an agreement to adopt the draft subject for further approval from the House of the Representatives. Based on Iraqi new dinar news 2012, even the Kurds are in support of the draft.
Iraqi New Dinar News 2012: Private Sector Support
There’s no doubt that the private sector plays a critical role in national economic development especially of third world countries. Fair enough, Iraq calls for government support toward its private sector. The private sector, as of the moment, needs enabling laws to empower investors. Sure, it’s the best way to stimulate trade and investment in the country according to Iraqi new dinar news 2012.
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