Why the currency of Iraq is very low?
the Iraqi dinar or IQD is a low currency because of the low economical level the country is in now.. because of the war and the embargo of the USA on Iraqi people in the 19 nineties..
the Iraqi dinar was worth something like 3.5 USD in the 19 Eighties
Who are Iraq's 3 main trading partners?
the 3 main trading partners for Iraq are france, brazil, and japan
Yes. Iraq was the capital province of Persia for more than a thousand years, and the Persian kings called Iraq "Del-e Iranshahr" ("The Heart of Iran").
The capital city of Ancient Persia is 10 miles south of Baghdad, Iraq's capital.
However, when people usually refer to Persia, they are referring to Iran, not to Iraq.
What did The invasion of Kuwait by Iraq resulted in a conflict that became known as?
A+ Operation Desert Storm
Will the Iraq dinar reinstate over 3.00?
Yes, probably at $3:00 - $10:00. Meet somewhere in the middle?!
How do you know the Iraq dinar will be reevaluated?
The Dinar in Iraq has to revalue because Iraq has more than 115 billion barrels of crude oil reserves. Very little of Iraq has been geologically explored, with modern seismic techniques, because of restrictions of the Iraqi government for the past 40 years. The 115 figure comes from old surveys, and is likely to be much higher.
Senior Iraqi officials have publicly stated that the petroleum reserves of Iraq are the largest in the world, much larger than the Saudi reserves.
Crude oil in Iraq is "sweet light crude", meaning it is very high quality, and is extremely cheap to produce, at around $2 a barrel in production costs, which are the cheapest in the world, even factoring the high cost of security.
Iraq is likely to emerge, in the next few years, as one of the wealthiest nations in the world. If Iraq does indeed, have 300 billion barrels of oil, and oil stays at least at $100 a barrel, due to Peak Oil, then the value of that asset would be $4 million U.S. dollars, per Iraqi.
SCGS US has more information about the Dinar revalue and Dinar rumors.
What is the form of government for Iraq?
Iraq is a Parliamentary Democracy with an Executive Prime Minister and a Ceremonial President.
What is the latest news on the Iraqi dinar revalue?
News for the Dinar is updated everyday. As far as the actual revaluation part of the dinar, that has held steady around $1100= $1USD. Probably toward the end of the year we will see another jump maybe around the $1000 mark. Tough to say though with the United States not being in the best shape financially. Time will tell.
There are numerous Iraqi cultures and ethnic groups ranging from the Sunni Arabs to the Shiite Arabs, to the Marsh Arabs, to the Kurds, the Yezidi, the Yarsan, the Turcomans, the Assyrians, the Chaldeans, etc.
What types of art food and traditions does Iraq have?
ants and alot of rice with a side of octopus. for breakfest they eat what every they can hunt like fish
Iraq is on of the richest countries in the world in oil. America comes to Iraq to take the oil. Iraq is a country that carries billion and billions of money and that comes from the oil the American want to take
What is the landscape of Iraq?
Desert like and mountainous. The Tigris and Euphrates rivers are the main rivers.
WHere can you sell Iraqi dinar?
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Government of Iraq in mid-2004?
The U.S. military turned over the administration of Iraq to an American civilian diplomat.