• About
  • Privacy & Policy
  • Contact
iKurd News
Monday, April 20, 2026
No Result
View All Result
Follow @ikurdnews
  • Home
  • Kurdistan
    • Iraqi Kurdistan
      • Politics
        • Corruption
          • Leaked documents
      • Journalism
        • Freedom of expression
        • Human rights
      • Business
        • Oil & Gas
        • Aviation
        • Finance & Banking
        • Tourism
        • Trading
        • Smuggling
      • Community
        • People
        • Yazidis
        • Christians
        • Islam
        • Jews
        • Feyli
        • Refugees
        • Shabaks
        • Turkmen
      • Environment
        • Agriculture
        • Animals
        • Nature
        • Pollution
      • Travel
      • Culture
        • Art
        • Book
        • Cinema
      • Military
    • Iranian Kurdistan
    • Syrian Kurdistan
    • Turkey Kurdistan
      • Politics
      • PKK
      • Bakur Kurdistan
  • Iraq
    • Politics
    • General
    • Economy
    • Shiites
    • Security
  • World
    • Europe
      • Germany
      • France
      • Ukraine
      • Russia
    • United States
    • Asia
      • China
      • Pakistan
        • Balochistan
      • Afghanistan
    • Africa
  • Middle East
    • Israel
    • Egypt
    • Iran
    • Iraq
    • Turkey
    • Qatar
    • Lebanon
    • UAE
    • Saudi Arabia
    • Syria
  • Contributions
    • Exclusive
    • Opinions
  • About
    • About iKurd News
    • Contributing writers
    • Don’t be quiet
    • Terms of Service
    • Contact Us
  • All News
  • Exchange Rates
  • Home
  • Kurdistan
    • Iraqi Kurdistan
      • Politics
        • Corruption
          • Leaked documents
      • Journalism
        • Freedom of expression
        • Human rights
      • Business
        • Oil & Gas
        • Aviation
        • Finance & Banking
        • Tourism
        • Trading
        • Smuggling
      • Community
        • People
        • Yazidis
        • Christians
        • Islam
        • Jews
        • Feyli
        • Refugees
        • Shabaks
        • Turkmen
      • Environment
        • Agriculture
        • Animals
        • Nature
        • Pollution
      • Travel
      • Culture
        • Art
        • Book
        • Cinema
      • Military
    • Iranian Kurdistan
    • Syrian Kurdistan
    • Turkey Kurdistan
      • Politics
      • PKK
      • Bakur Kurdistan
  • Iraq
    • Politics
    • General
    • Economy
    • Shiites
    • Security
  • World
    • Europe
      • Germany
      • France
      • Ukraine
      • Russia
    • United States
    • Asia
      • China
      • Pakistan
        • Balochistan
      • Afghanistan
    • Africa
  • Middle East
    • Israel
    • Egypt
    • Iran
    • Iraq
    • Turkey
    • Qatar
    • Lebanon
    • UAE
    • Saudi Arabia
    • Syria
  • Contributions
    • Exclusive
    • Opinions
  • About
    • About iKurd News
    • Contributing writers
    • Don’t be quiet
    • Terms of Service
    • Contact Us
  • All News
  • Exchange Rates
No Result
View All Result
iKurd News
No Result
View All Result
Home Iraq Economy

The British are the cause of Iraq’s dismal and diminishing economy

Rizgar Khoshnaw by Rizgar Khoshnaw
March 28, 2016
in Economy, Exclusive, UK
The British are the cause of Iraq's dismal
Photo: EPA

Rizgar Khoshnaw | Exclusive to iKurd.net

In the past few months I have written about Iraq’s pitiful economy and the rampant corruption, but I did not discuss ways to resolve this problem. Now, I am going to share my thoughts of how Iraq can recover and stop begging foreign countries, especially the Americans, for money.

Between 1980-1987 (an eight-year span) the Iraqi government had generated a total of $96 Billion (Ninety six) in oil revenue and that amount of money was enough to provide all of Iraq with free healthcare, paid full civil servant’s salaries, free education, 24 hours a day of electricity, security and so on. And, lets not forget that during these years, Iraq was at devastating war with Iran and still managed to provide Iraqis with a very comfortable and respectable life.

Contrast that with the same amount of time (period between 2004-2012) the Iraqi “government” generated a total of $800 Billion (Eight Hundred) and the Iraqi citizens do not have the very basic life necessities such as clean water and electricity.

After generating $800 Billion in a short eight-year time period, Iraq has nothing to show for it and audaciously begging the International Banks to lend them a measly $2 Billion! This is absolutely disgusting to me and I do not understand how Iraqis have become so shameless and beggars.

During the 1980’s, Iraq had one leader that was evil and a thieve, Saddam Hussein, but since 2003, Iraq had managed to attract 1,000’s of thieves and corrupt “leaders” that the majority came from England!

Where did all of the money go to? From what I am reading on daily basis is that the majority of this stolen money found its way to London banks. In the past year, I have written the British embassy in Washington, DC numerous times asking them to stop the Iraqis from depositing the stolen Billions in their banks, but they never answer a single mail, phone call or email.

The British government/banks are turning a “blind eye” to the billions of Iraqi stolen money that is finding its way to their banks and such deliberate silence must be questioned and investigated.

What has made this money embezzlement so easy is the fact that about 80% of Iraqi “politicians” are actually British citizens and have come from England to rule/control Iraq! From the Iraqi president, Prime Minister, Foreign Minister, Finance Minister, Oil Minister and many other ministers down to advisers are all British citizens. I no longer see Iraq as “Iraq” but I see it as part of England as it controlled/managed by highly corrupt British citizens!

The only way to restore Iraq and help the Iraqis is by having an international body (hopefully lead by Americans) accompanied by some honest Iraqis, investigate and bring back ALL of the stolen billions that is now outside of Iraq. This is not a difficult mission to accomplish, but such action must start immediately before the stolen money finds its way out of England!

Rizgar Xoshnaw, a senior Kurdish writer based in Washington, a longtime contributing writer and columnist for iKurd.net.

The opinions are those of the writer and do not necessarily represent the views of iKurd.net or its editors.

Copyright © 2016 iKurd.net. All rights reserved

Related posts:

Baath Party founder Michel AflaqThe Resurrection (Ba’ath) Party – Before the Iran-Iraq War Iraq – The Cynical Swindle Saddam Hussein’s Enemies: Paving the Road to the Invasion of Iraq Saddam Hussein was a Friend to the West Kurdistan president Masoud Barzani and Iraqi president Jalal TalabaniIraqi Kurdistan – “Sold Out!” – Part II Iraq: Revenge and Corruption Iraqi leader and prime minister Abd al-Karim QasimIraq comes full circle: The rehabilitation of Abd al-Karim Qasim Business with ISIS – Updated Central Bank of Iraq CBI, Tower of BabylonThe Capture of The State of Iraq The Double Cross of Iraq And The Discordant Death of WMD Inspector, Dr David Kelly – The 17th Anniversary
Rizgar Khoshnaw

Rizgar Khoshnaw

Rizgar Khoshnaw, Washington, DC, he has lived in the US for the past 35 years. He attended North Carolina State University for a period of six years and obtained the degrees in Economics, business management and two years of Pre-Medical. He began to travel to Kurdistan fourteen years ago after being absent from Kurdistan for more than 23 years. from the first visit in 1997 to 2001, He traveled to Kurdistan 25 times to investigate the oil-for-food program and wrote a book (and had over 50 articles published) about the dishonest program. In the past eight years, he has been representing an American based company trying to implement certain projects. Rizgar Xoshnaw, a senior Kurdish writer based in Washington, a longtime contributing writer and columnist for iKurd.net

An Unknown Journey of America
Book: An Untold Journey of America. 2021. By ARK. A non-affiliate link.

Archive

Recent News

Sulaimaniyah International Airport, Sulaimani city, Iraqo Kurdistan, 2024. Photo: K24

Hewlêr: Erbil is becoming Al-Arbil and Silêmanî Al-Sulaymaniyeh

April 20, 2026
Iraqi lawmakers walk parliament Baghdad Iraq Jun 23, 2022

KDP boycotts Iraq parliament indefinitely over presidential vote

April 19, 2026
Iraq Shiite Popular Mobilization Forces PMF Hashd Shabi Baghdad Apr 2, 2026

Hashd al-Shaabi (PMF) is an internal enemy of Iraq

April 18, 2026
PUK's Bafel Talabani and Piers Morgan

Bafel Talabani denies stealing weapons cited by Trump

April 17, 2026

Exchange Rates

CurrencyRate
iKurd News

iKurd News

Independent Kurdistan & Global News.
Truthful. Trusted. Unbiased.
Powered by the Former Ekurd Daily Team.
20 Years of Independent Journalism.

Follow Us

Browse by Category

Recent News

Sulaimaniyah International Airport, Sulaimani city, Iraqo Kurdistan, 2024. Photo: K24

Hewlêr: Erbil is becoming Al-Arbil and Silêmanî Al-Sulaymaniyeh

April 20, 2026
Iraqi lawmakers walk parliament Baghdad Iraq Jun 23, 2022

KDP boycotts Iraq parliament indefinitely over presidential vote

April 19, 2026

Support us:

  • About
  • Terms of Service
  • Sitemap
  • iKurd’s contributing writers
  • About
  • Privacy & Policy
  • Contact

© 2026 iKurd.net All rights reserved. Independent Kurdistan Daily Newspaper. ✡ עיתון יומי כורדיסטן העצמאי, - 库尔德斯坦和世界新闻

No Result
View All Result
  • Home
  • Kurdistan
    • Iraqi Kurdistan
      • Politics
      • Journalism
      • Business
      • Community
      • Environment
      • Travel
      • Culture
      • Military
    • Iranian Kurdistan
    • Syrian Kurdistan
    • Turkey Kurdistan
      • Politics
      • PKK
      • Bakur Kurdistan
  • Iraq
    • Politics
    • General
    • Economy
    • Shiites
    • Security
  • World
    • Europe
      • Germany
      • France
      • Ukraine
      • Russia
    • United States
    • Asia
      • China
      • Pakistan
      • Afghanistan
    • Africa
  • Middle East
    • Israel
    • Egypt
    • Iran
    • Iraq
    • Turkey
    • Qatar
    • Lebanon
    • UAE
    • Saudi Arabia
    • Syria
  • Contributions
    • Exclusive
    • Opinions
  • About
    • About iKurd News
    • Contributing writers
    • Don’t be quiet
    • Terms of Service
    • Contact Us
  • All News
  • Exchange Rates

© 2026 iKurd.net All rights reserved. Independent Kurdistan Daily Newspaper. ✡ עיתון יומי כורדיסטן העצמאי, - 库尔德斯坦和世界新闻

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.