Iraq

Professional Overseas Contractors

Security staff charged with protecting New Zealand's ambassador to Iraq are said to have walked off the job after a pay dispute and claims cost-cutting has put private military contractors doing the work at higher risk.

The private security staff are paid by the Australian Government to protect Australia's embassy, which is shared with New Zealand and base to ambassador James Munro. The Australian reported this week that up to 40 protection specialists of the 67 who had guarded the embassy were to be flown out of Iraq as a result of the dispute.

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Professional Overseas Contractors

Despite reports of the economy in Iraq rebounded after years of conflict the Iraqi dinar contractors brought back with them brought back with them during LOGCAP III & IV is pretty much worthless. According to some sources the Dinar has no chance of significant appreciation. The main reason is because of the political uncertainty — who would invest in the currency of a government that is still fighting a significant insurgency and might not be around the next year, any year? Second, and much more importantly, there are so many Dinars floating around that even if Iraq discovered the world’s largest gold mine tomorrow, the value of the Dinar would not significantly appreciate.

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As the war on ISIS in the Mideast rages on, U.S. airstrikes are helping Kurdish forces fight the terror group in Iraq -- but so are American fighters on the ground. Some U.S. veterans are returning to the region as volunteer soldiers. Charlie D’Agata reports from Erbil, Iraq.

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