Former Iraq vice president Tariq al-Hashemi has been effectively put on Interpol's Most Wanted List with the agency issuing an arrest warrant or more specifically, an arrest notice, for his capture. While the now wanted fugitive is currently living in Turkey, he is being tried in absentia in the capital city of Baghdad.
His charges and arrest notice stem from his being accused of participating in over 150 bombings, assassinations, attacks and has been linked to the killing of Shiite government officials. This is obviously not the kind of person you want help to run the government. Al-Hashemi claims the charges and the trial are politically motivated and he refuses to return to Iraq and face then in a court of law.
While he is now living in a luxury apartment in Istanbul under the protection of Turkish security guards apparently living a life of ease not willing to face the realities of a harsh life in the war torn Iraq. He is also claiming that Iraqi Prime Minister Nouri al-Maliki, a rival Shiite, is behind the politically motivated charges and is trying to snuff out any opposition to his rule.
While Tariq al-Hashemi is safe for now in his luxury apartment in Turkey, the arrest notice issued by Interpol will severely restrict his ability to move around Europe and the rest of the world. Turkey apparently doesn't honor Interpol notices, but other countries in the EU do and al-Hashemi could be subject to arrest if he ventures into any countries that do honor these notices.
More than likely al-Hashemi will not be returning to Iraq any time soon.
There is quite a bit of news as of late in regards to Iraq oil production increasing, or rather soaring in some cases and that will surely have an effect on the value of the Dinar. This increased production of oil which will bring a much needed influx of cash to the war torn nation, looks like more stability to potential investors. The first article below even states that oil production will triple in 6 years which would certainly be a boom to the economy. Other articles and opinions are listed as well.
Iraq Set To Triple Oil Output In Six Years | Peak Oil News and ...
Iraq Set To Triple Oil Output In Six Years. Iraq, which is currently producing more than three million barrels of crude oil per day, will increase its capacity of production to more than ten million barrels a day in the next six years.
Iraq Urged To Have Oil Law: Report « The Currency Newshound
Tuesday, 24 April 2012. A recent report called on oil companies and the international community to not make any agreements on disputed territories in Iraq, adding that time was running out to reach a solution for both Iraq's ...
Iraq oil exports jump nearly 15 percent in March - seattlepi.com
BAGHDAD (AP) — Iraq says oil exports jumped by 15 percent in March compared to the previous month, putting them at the highest level the nation has seen since 1989. Oil Ministry spokesman Assem Jihad said Sunday that ...
Iraq also exported its first crude oil cargo from an offshore terminal as reported by XE.com:
XE.com - Iraq exports first oil cargo from second offshore terminal
Iraq exported its first cargo of crude oil of two million barrels from its second new floating terminal in the Gulf on Tuesday, shipping data tracked by Reuters showed.
And here is a look at investing in oil rich countries such as Iraq and the risks involved:
Investment in oil-rich countries: case of Iraq - Timizzer
Investment in oil-rich countries: case of Iraq - Tweet It took 9 years for Iraq to create the environment in order to encourage investors to direct their capital into the country's economy...
Hopefully, those that want to cause chaos in Iraq will see that without a strong economy the country will not succeed. Investors in Iraqi Dinars and other assets are feverishly awaiting increased stability so their investments will pay off and a robust Iraq economy will be enjoyed by all.
As changes in Iraq make the Iraqi Dinar currency susceptible to up and down trends it is important to stay abreast of the news affecting the valuation of the Dinar. This national currency has been affected by the quick paced changes we see in the region on a daily basis. Even what happens in Iran affects the value of the Dinar and what the Iraqi Central Bank does to stabilize the currency. Read the past week's headlines below:
