MilitiaMan and Crew: IQD News Update, Oil Revenue, US Federal Reserve, REER, Dinar

In a recent discussion hosted by MilitiaMan alongside crew members, the group delved into the complex dynamics of Iraq’s financial system, with a particular focus on the management of its oil revenues, the legacy of the Development Fund for Iraq (DFI), and broader efforts toward economic independence. The conversation highlighted Iraq’s ongoing relationship with the US Federal Reserve, the role of protective mechanisms for its assets, and ambitious reforms aimed at reducing oil dependency. Established under UN Security Council Resolution 1483 following the 2003 invasion, the DFI served as a safeguard for Iraq’s oil-generated revenues. The fund was designed to…