Iraq Dinar Speculation

Now here’s a really interesting article!

Vice President Adil Abd Al-Mahdi brought a message this week to France, a country which he sees as a major partner in the reconstruction of Iraq.

Dr Abd Al-Mahdi, an influential figure in Iraqi politics, says Iraq is of a country firmly on the way to national reconciliation and revival.

Iraq is unique in the world in having more than 50 oilfields ready for development. It is urgently looking for foreign investment in its oil and gas industry, but also in every aspect of its smashed infrastructure.

And it gets even more interesting when you get to the end of the article:

One surprise announcement is that Iraq and Iran are renegotiating the Algiers accord reached between Saddam Hussein and the Shah of Iran in 1975. The agreement – which Saddam tore up five years later when he launched his attack on Iran — demarcated the disputed river boundary between the two neighbours according to the thalweg line in the middle of the Shatt Al-Arab waterway.

Iraq now claims that the boundary needs to be redrawn closer to the Iranian shore because of changes in the course of the Shatt. The fact that the Maliki government has chosen to raise this contentious issue with its close ally Iran is itself a signal that Iraqi national interests are being reasserted.

One way and another, a revived and ambitious Iraq is putting the horrors of the past 30 years behind. It can be safely predicted that it will, in the not too distant future, be once again a power to be reckoned with.

We completely agree.

Source: Zawya.com