Comments on: Iraqi Foreign Minister Zebari confident Chapter 7 will be lifted “this summer”

By: Marv Niese

Marv Niese — Mon, 27 Jul 2009 19:17:05 +0000

If Kuwait remains intransigent, will that delay revaluation of the Iraq dinar? Or, if the revaluation occurs with Chapter 7 stiil in place, would it be lower than the value it would reach if Chapter 7 were ended?

By: Will Iraq get out of Chapter 7? | Iraq Dinar Speculation

Will Iraq get out of Chapter 7? | Iraq Dinar Speculation — Mon, 27 Jul 2009 14:38:15 +0000

[...] The last Dinar Speculation article talking about Chapter 7 and why Kuwait would not want to let Iraq out of Chapter 7 is being confirmed with a few new articles released today. See the original article on DinarSpeculation and make comments here. [...]

By: JoAnn

JoAnn — Thu, 23 Jul 2009 19:47:04 +0000

Could this mean that they are expecting to increase the value of the Dinar by the end of the year? I couldn’t think of any other reason to lose their 5% can you?

By: TONY

TONY — Wed, 22 Jul 2009 22:18:17 +0000

There must be a misconnect somewhere.

FROM THE PRESS CONFERENCE SEEN IN THE ROSE GARDEN TODAY, THE QUESTION CAME UP ABOUT THE SANCTIONS AND MALIKI TOLD THE PRESS, WHILE WORKING WITH THE UNITED NATIONS, IT WOULD PROBABLY NOT COME TIL THE FALL.

By: Shannon

Shannon — Wed, 22 Jul 2009 21:58:04 +0000

Look at this:

http://www.reuters.com/article/newsOne/idUSTRE56L4PJ20090722

“Kuwait strongly opposes ending Iraq’s Chapter 7 status and has so far successfully lobbied Security Council members. But council diplomats say they may vote to lift the restrictions at the end of this year, which would enable Iraq to renegotiate the amount of reparations it pays to Kuwait.

Iraq has said it still owes $25.5 billion in reparations, $24 billion to Kuwait alone.

Relations between Iraq and Kuwait have become tense recently, with politicians in both countries trading accusations over the reparations.”

By: Dee

Dee — Wed, 22 Jul 2009 19:54:35 +0000

m so dumb, to what this all means, but I hope that it will have something to do with the dinar becoming an international currency, so in short I agree with Marv.

By: Shannon

Shannon — Wed, 22 Jul 2009 19:24:49 +0000

I agree with the principle, Marv… but I think Adam might be right. It would be great to see Iraq moving forward and becoming a real player, purchasing goods etc… but will that really benefit Kuwait as much as 5% of their oil revenues?

By: Marv Niese

Marv Niese — Wed, 22 Jul 2009 17:27:21 +0000

There has to be somethiong in it for Kuwait. My guess is a trade deal with Iraq whereby the countries buy and sell as needed to supplement their economies. As Iraq pulls together and grows, it will become a buyer internationally. And to facilitate such an arrangement, it would seem that the Iraq dinar would become exchangeable internationally. I’;m an optimist.

Marv

By: admin

admin — Wed, 22 Jul 2009 16:43:37 +0000

Here’s the link to the Fox News Article: http://www.foxnews.com/politics/2009/07/21/iraq-hopes-sanctions-lifted-maliki-arrives/