$100 Billion in Iraqi Money Sits at the U.S. Federal Reserve

A staggering figure has re-entered the conversation around link to My FX Buddies Blog postIraq’s financial management: more than $100 billion in savings held at the U.S. Federal Reserve.Economic expert Duraid Al-Anzi says Iraq should never have faced a financial crisis given its oil revenues — arguing that repeated warnings to use conservative oil price assumptions in national budgets were ignored.According to Al-Anzi, Iraqi authorities were advised not to base budgets on high oil prices and instead cap assumptions around $65 per barrel to allow surplus revenues to accumulate as savings. While oil prices fluctuated significantly, he says decision-makers failed to plan for the future — contributing to today’s financial strain.If you'd like to Support the channel: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.... ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.... ⁠Al-Anzi revealed that Iraq holds over $100 billion in reserves originally placed at the U.S. Federal Reserve and later transferred to JPMorgan, representing accumulated post-2003 oil revenues. He questioned whether Iraq has fully benefited from these funds, noting that the returns offered are minimal and that it remains unclear whether interest income has meaningfully reached the country.The revelation raises deeper questions:• Why weren’t these reserves leveraged during financial stress?• Could better budget planning have prevented today’s pressure?• And how should Iraq manage its savings going forward?📌 Is this a missed opportunity — or a strategic reserve?📌 Who truly benefits from idle savings abroad?📌 What lessons does this hold for Iraq’s future budgets?🎧 Listen in as we break down what this $100 billion figure really means for Iraq’s economy.Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥