Iraq’s oil revenues that were deposited with the United States Federal Reserve in New York has resurfaced. A lot of people have been talking about it…Is it important? Sure, it is. But…It’s protection…It’s a good thing. It’s not a bad thing…This issue dates back to 2003 when the Development Fund for Iraq (DFI) was established… to protect the money from lawsuits related to a period before the fall of the previous regime… The remaining debts approximately $40 billion owed to 46 countries… Legal constraints could expose these assets to seizure if they were to fall outside the preview of Unites States law…The DFI protections provide security and stability. None of that has changed. :Militia Man
