Iraq Dinar Speculation

At the news conference yesterday, Al-Maliki stated that his government had set down laws to secure and develop investment, stabilize the currency and fight corruption.

“We need more than ever at this time an effective private sector to revive economic life,” he said.

Al-Maliki told the conference of some 520 British, Iraqi and international business leaders that his government was taking steps to both capitalize on the country’s massive oil wealth (proven reserves of some 115 billion barrels) and diversify Iraq’s sources of income.

“Security and economic development must have equal amounts of interest… Iraq is democratic, a place where freedoms and the rule of law is respected… We need more than ever at this time an effective private sector to revive economic life,” he said.