Iraq Making All The Right Moves

Regional agreements.
Iraq is quickly establishing beneficial relationships in an effort to export its oil and gas reserves through already established pipelines in its neighboring countries.

Monetary system of Iraq.
The monetary system established by the new government encourages foreign investment, a key to develop a strong economy.

Central bank of Iraq.(CBI)
The Central Bank of Iraq is an independent agency, not affected by the political parties of the many factions in Iraq.

Iraq Stock exchange market.
A new iraqi stock market opened recently with over with record trading volumes pushing iraqi stock prices drastically upwards for the 27 firms listed, with over 2 billion shares changing hands in only 6 trading sessions.

Iraq Bond market.
The central bank of Iraq offered its first treasury bonds on July 18th, with broad participation of the private commercial banks of Iraq.

Iraq Real estate market.
Real estate in Iraq is booming, largely because of the severely depressed prices due to the restrictive policies of the old regime. With money flowing into Iraq, citizens are now buying houses in neighborhoods generally reserved for government officials.

Iraq Oil production.
With the new government firmly in place, the reconstruction of the infrastructure including rebuilding many of the major oil fields is steadily going forward. Iraq has signed tentative agreements with international oil companies to exploit its vast oil reserves.

Hope going forward.
It is hoped that within 1 to 2 years the oils fields will be producing sufficient oil to build a foundation for revenue and within 5 to 10 years Iraq will return to its place in the world economically, socially and politically.