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  • Investors Iraq News's Avatar
    Today, 04:00 AM
    The number of tourists visiting the Kurdistan Region this year reached a record high, according to Mr. Mawlawi Jabar, Chairman of the General Board of Tourism. In an interview with the Kurdistan Regional Government website, Mr. Jabar noted: “In the first six months of 2018, 1.3 million tourists visited the Kurdistan Region, mostly from central and southern Iraq. During the 11-day Eid al-Adha holiday, there were 349,000 tourists, spending 140 billion dinars in the Region. “In the first four months of 2018 there was a good influx of Iranian tourists visiting the Region. After the Iranian authorities imposed taxes on its citizens for traveling abroad, however, the number significantly decreased. Though smaller in numbers, tourists from other countries are also preferring to visit the Region.” While neighboring countries offer lower costs to Iraqi tourists, the ratio of Iraqi tourists visiting the Kurdistan Region continues to rise. Mr. Jabar added: “A comprehensive tourism development strategy has been in place since 2014, but the ISIS war and financial crises restricted implementation of strategic plans. Since 2016, however, implementation has been gradually reactivated. For example, loans have been extended to small and medium tourism projects. “The Board of Tourism has a special department for invigorating protection of the environment. To raise awareness, we are working to protect the environment through the media, publications and other awareness tools.” Regarding private sector’s role in developing tourism, he said, “Part of the strategic plan is to support the essential role of the private sector. He said Kurdistan’s tourism companies have good relations with companies abroad and play an important role in attracting tourists.” He said, “Tourism investment has rapidly grown in the Kurdistan Region and its effectiveness is illustrated by the rising number of visitors and revenue.” (Source: KRG) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 16 view(s)
  • Lord Dinar's Avatar
    Yesterday, 08:00 PM
    Is it true that when Kuwait revalue their currency in the early 1990's you were only able to cash in within that country and not from the US Banks? If so, can this happen with the Iraqi Dinar RV as well?
    0 replies | 63 view(s)
  • dollarsign's Avatar
    Yesterday, 12:58 PM
    Since the lifting of EU sanctions on the CBI, a rise of discontent over the dollars global position has been evident. From the EU's Juncker, to Indonesia as the IMF wraps up meetings there this weekend, outrage has increased. From Al Arabiya Until a few decades ago, any idea of straying away from the petrodollar was seen as a direct threat to American global hegemony, requiring of a military response and one of the causes of the US invasion of Iraq was that Saddam Hussein had decided to move away from the US dollar as a currency for Iraqi oil exports and instead linked it to the Euro, making other oil producers like Venezuela and Iran to mull the same. hasn't done much for the exchange rate of either country... $
    155 replies | 25627 view(s)
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