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US Coalition Strikes in al-Tanf Could Spark 'Escalation' in Syrian War
https://sputniknews.com/middleeast/201706111054531075-al-tanf-syria-escalation/
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Iran Organizing Riots at the US Embassy Baghdad
Read the article here.
https://news.am/eng/news/552594.html
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http://americancontractor.com Iraqi Dinar On Forex International Trading
The Iraqi dinar appears to be trading internationally on the forex. If you have more information about this please share.
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Iraqi Dinar On Forex International Trading
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http://americancontractor.com/u-k-report-iraq-government-bankrupt-in-2017/ U.K Report: Iraq Government Bankrupt in 2017
I recently mentioned that the situation in Anbar could have a negative impact on the Iraq economy. The International Center for Development Studies (ICDS) based in the United Kingdom warned that the Iraq government would be bankrupt in three years. The military operation in Anbar, are currently fighting the terrorists. It is costing the Iraq government 7 million dollars a day.
The current deficit according to (ICDS) is approximately 50 billion dollars and the Iraq government rubns the risk of Bankruptcy in 2017. Currently, the Iraq government is unable to pay the salaries of their employees as well as the salaries of the Kurdistan Regional Government (KRG).
As of now, the February salary payments will be paid. There are only half the funds available for the government employees for March.
Major oil companies are voicing their concerns about the security and the economy situation and could possibly leave the country. Leaving Iraq with lower production of oil and lacking the experience to produce more.
The U.K report stated that the $50 billion dollar deficit is unjustified as the Iraq budget was based on $90 oil prices and the oil price has not been lower than $100. It appears that maybe some corruption is involved in stealing the state money.
There is a new class according to the U.K. report of rich people currently in Iraq. This upper class are benefiting from their relationship with the Iraq government.
It was reported a few days ago that this group of people wanted to have private jets at the Baghdad airport. The Ministry of Transportation (MoT) has approved the sale of these private jets and they are going to be paid for by government funds.
Economists are surprised that the Iraq government can have a budget and never have to reveal the actual expenditures.
The Iraq government has not published the reports on their spending in their government accounts since 2004.
American Contractor will continue to monitor the situation and report on what is happening in Iraq. Iraq will eventually get past all of these issues. It may just take a little longer than we all anticipated.
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U.K Report: Iraq Government Bankrupt in 2017
http://americancontractor.com/u-k-report-iraq-government-bankrupt-in-2017/
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Bitcoin Growing Update 04222020
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http://americancontractor.com Baghdad Stories by Nadia Al Sultani Book Review
Nadia Al- Sultan travels to Iraq on multiple trips and she wrote an eBook about her trips traveling and working in Iraq. This is an eBook that gives you a different perspective on what it is like to live and work in Iraq. The eBook is well written and you can purchase the book on Amazon.
Purchase Baghdad Stories: An Iraqi-American memoir
http://www.amazon.com/dp/B00VQPC1DW/ref=cm_sw_su_dp
Please visit her website at
http://nadiaalsultani.com/
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Iraq Protesters Burn Down Nuri Mailiki's Political Office
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