Iraq Collects Oil Revenue in US Dollars

Several videos back, the channel reported Iraq increased its US bond purchase by $21billion USD. Now we are understanding more why Iraq enabled this transaction. At least 80 to 85% of all of Iraq’s oil transactions are done in US dollars. So when Iraq sells billions of dollars in oil revenue, you must remember that is billions in US dollars, not the Iraqi Dinar. (Research Article)

Whereas we want to see the Iraqi Dinar increase in value, we find Iraq is doing just fine using US dollars.

Our leading story in this video shows greed and jealousy, and it is not about money, but water. Now, this is a third river in Iraq that the news media has not talked about, The Sirwan river which turns into the Diyala river when it reaches Iraq is the river in question. View video for details.

When you review the map you can see why Iran may believe the contents of this river should be theirs . Iran stopped the flow of the river by building a dam and a 29-mile long tunnel to return the water from the river back into Iran, leaving Iraq high and dry. As the rivers in Iraq shrink…