There are also predictions that financial experts are predicting about the revaluation of Iraqi dinar that Iraqi dinar will get the value more than the three times than its present value. No one knows that how much this currency will revalue! But it’s sure one thing that the dinar will be equal to the value of US dollars and this value will make millions of people prosperous and rich.
The oil sector is also one of the important sectors of Iraq that will play its marvelous role in the revaluation of the Iraqi dinar. Iraq is the second largest oil producer of the world, and there are lots of reports which represent that Iraq owns the oil reserves of more than 137 billion barrels and these figures make this country as the largest producer of the world. Nowadays, oil production lefts to the level of 3.3 million barrels per day and this production is expected to reach the level of 20 million barrels per day at the end of 2020. By 2015, Iraq’s oil production will reach to 6 million barrels oil per day, and its exports will exceed from 2.2 million barrels oil per day to 4mbpd.
Along with oil, Iraq is growing in the non-oil industry as well. This country knows that, reliance on oil is not a wise thinking and Iraq should have other industrial growth. Iraq recently has announced to open up the new and different industries with the assistance of international industrialist. And this is good for Iraq and for the people of Iraq.