Kaperoni
Article: "Iraq is among the top 10 countries in the world in terms of natural resources."
I pointed this out several years ago. This is why Iraq could never significantly RV their currency overnight.
Such an event would bankrupt them since their entire net worth of natural resources is only $16 trillion dollars.
This is why the only way the dinar can go up in value is gradually over time so that they can reduce the money supply (remove zeros) from trillions to billions.
IRAQ NEWS HEADLINES
Inflation remains moderate but persistent, mainly due to the rising cost of imported goods and housing.
Unemployment is high, especially among young people, with many Iraqis relying on government jobs or informal work.
Iraq’s Current Position in the Iran-Israel Conflict
As of now, Iraq is trying to maintain a neutral and balanced position in the conflict between Iran and Israel. However, the situation is complex due to several factors:
Political Neutrality (Officially):
The Iraqi government has not taken an official side in the Iran-Israel conflict. It publicly calls for de-escalation, regional peace, and avoidance of further military action.
Influence of Iranian-Backed Militias:
Several powerful militias operating in Iraq, such as Kataib Hezbollah and the Popular Mobilization Forces (PMF), are aligned with Iran and strongly oppose Israel and the United States. These groups have launched attacks on U.S. bases in Iraq and Syria, which complicates Iraq’s internal security and neutrality.
Internal Divisions
:
Iraq’s population and political class are divided. Some factions support Iran due to religious and political ties, while others seek closer relations with the West and prefer staying out of regional conflicts.
Strategic Balancing:
Iraq is under pressure to balance its relationships with both Iran (its powerful neighbor and economic partner) and the U.S. (a major military and economic supporter). This makes Iraq cautious in its public stance.
Fear of Escalation:
Iraq does not want to be dragged into a broader regional war. Iraqi leaders are concerned that their territory could be used by militias or foreign powers in ways that could provoke retaliation from Israel or the U.S.
Conclusion:
Iraq’s official position is one of non-alignment and diplomacy, but its territory is being used by Iran-aligned groups, which could unintentionally involve Iraq in the conflict. The government is walking a fine line, trying to avoid becoming a battleground or proxy in the Iran-Israel tensions.
IRAQ NEWS HEADLINES
Iraq has delayed the approval of its 2025 federal budget, largely due to political disagreements between Baghdad and the Kurdistan Regional Government (KRG).
Disputes over oil revenue sharing and autonomy remain unresolved.
Budget uncertainty affects public projects and government salaries.
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:They're telling us on the Asraflak website that the future for Iraq is digital.
They say if we help them accomplish the digitalization of our country, bring in our three zeros, that would allow security and stability for our monetary reform.
FRANK: They're not pulling any punches. Digitalization is now? ...I don't know. It's troubling to a degree and it's exciting to another degree.
🇮🇶 Iraqi Dinar RV Outlook: Structural Reforms & Strategic Progress 🔹 Key Highlights 1️⃣ Government Formation Delay as a Strategic Pau...
