This is a follow up and maybe a clarification on the article previous here on Dinar Speculation. The google translation that suggested Iraq requested to release Iraq from Chapter 7 could possibly be a misinterpretation of the following article:
Sheikh Mohammed said that Talabani and Sheikh Nasser discussed Iraqi attempts to get out from under Chapter Seven of the UN charter which imposed crippling sanctions after Saddam Hussein forces invaded Kuwait in 1990.
He said Kuwait is willing to assist Iraq to leave Chapter Seven as soon as possible, but reiterated the emirate’s position that this requires full Iraqi compliance with the relevant UN resolutions.
“The most important aspect for us now is completing the maintenance of border markers,” based on a 1993 UN Security Council resolution demarcating the common border, Sheikh Mohammed said.
Kuwait is also demanding return of property stolen during the invasion, repatriation of remains of prisoners of war and demarcation of maritime borders…
As you can see, this article talks about Kuwait, Iraq, and Chapter 7…. but does not indicate that Kuwait has officially requested that Iraq be released from Chapter 7. In fact, it states the opposite… Kuwait does not want Iraq out until they have fulfilled several commitments, as described above.
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-Adam Montana
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KUWAIT. Kuwait is considering investments in Iraq as a way of resolving a dispute over billions of dollars of war reparations owed by Baghdad for its 1990 invasion, the foreign minister said on Thursday.
Asked about a proposal put forward in July by UN chief Ban Ki-moon to consider investments as an alternative way to resolve the dispute, Sheikh Mohammed al-Sabah said: “This is what we are studying.
“We want to deepen ties (with Iraq) through linking interests and economic and strategic involvement in infratructure, tourism, trade and investments,” said the minister cited by the official KUNA news agency.
“This is the partnership we hope to achieve with our Iraqi brothers,” Sheikh Mohammed said in New York after a meeting between Iraqi President Jalal Talabani and Kuwaiti Prime Minister Sheikh Nasser Mohammed al-Ahmed al-Sabah.
The proposal calls for Kuwait to invest the billions of dollars of unpaid compensation inside Iraq in joint ventures.
“We have expressed our readiness to sit and discuss the best means that will directly benefit Iraqi and Kuwaiti peoples,” the minister said, adding that “we are seeking this strategic partnership.”
On Tuesday, the vice president of Iraq’s autonomous Kurdish region, Kosrat Rasul, told reporters that Iraq would call in a statement to the UN General Assembly for the cancellation of its war reparations to Kuwait.
Iraq has already paid US$27.62 billion in reparations to individuals, organisations, companies and governments, around half of which was paid to Kuwait. The emirate is still awaiting payment of a further US$25 billion.
Sheikh Mohammed said that Talabani and Sheikh Nasser discussed Iraqi attempts to get out from under Chapter Seven of the UN charter which imposed crippling sanctions after Saddam Hussein forces invaded Kuwait in 1990.
He said Kuwait is willing to assist Iraq to leave Chapter Seven as soon as possible, but reiterated the emirate’s position that this requires full Iraqi compliance with the relevant UN resolutions.
“The most important aspect for us now is completing the maintenance of border markers,” based on a 1993 UN Security Council resolution demarcating the common border, Sheikh Mohammed said.
Kuwait is also demanding return of property stolen during the invasion, repatriation of remains of prisoners of war and demarcation of maritime borders
kenny, I apologize for my lack of information both via email and on theblog. There has been so much speculation and I want to be sure I’mpassing on reliable info. rather than rumors. Hopefully that’swhat I’ve done here. I ask your forgiveness ahead of time if it’s another let down, butI don’t think so. We have to stay prepared regardless. I received these emails within the last 24 hours. These sourcesare very reliable, I just pray they are right. Even so, I ampoised to make an appointment with Ali on Monday. May even cash in a little bit here at Wells Fargo to fund the trip if the RV isactually announced tomorrow. I heard that Wells Fargo will beexchanging, not sure about other banks yet. Apparently Chapter 7 was lifted yesterday, not when we thought, andthat was a big part of it. I have a phone appointment with one of these sources later today. I will see if I can get something definite plus some investmentideas. Anyway, here is what they said: ———————————– I just heard from a very good source, that the RV has been postedat $3.86 have you heard anything!!!! THIS IS EXCITING… ———————————– “I heard from a “highly placed Finance Ministry official” that thetransaction will take place Sunday, since it is a regular work dayin most of the Middle East. Muslims Friday, Jews have Saturday (theonly day off), and Sunday is the start of the work week. (In IsraelONLY, Christians are NOT required to work on Sunday). So I’d saySunday, …, but I hope I’m right. I’d hate to cause a problem;it’s just that my ‘sources’ often don’t know much before ithappens. Also they say it would be Sunday, Yom Kippur, the Jews’Holiest Day, so the Arab countries ALWAYS require everyone to’work’ as an insult to the infidel, dhimmi Jews. Strange place. SoI’d bet Sunday, The Day of Atonement. Best regards…” ————————————- Also, my contact that lives in Israel, told me twice that it wouldbe Sunday for sure. I really believe that this is it & that we willbe headed to the bank next week for sure. I also just got a callfrom a friend in IND who spoke with one of the leading traders inIND and this is going to happen. ————————————- This is very exciting times. I will be posting this info. on theblog as well.
Sorry the email i recieved a couple of days ago has anyone else had it and can anyone shed any light thanks..
KENNY: It is Tuesday, after the holy day, and the RV has not happened. Any expanation?
What you talking about! kenny
wow kenny is quoting it like its his own words when in fact over at dinarinfo.net the exact same thing was posted from someone else WORD FOR WORD!!!
Unfortunately they are both wrong…
TO:JBUSMC: Do you know when the RV will occur? Since effective tomorrow, 10/1/09, the dinar will be the only recognized currency in Iraq, logically, that would be the date for the RV. The RV would facilitate a whole range of economic activity, including oil contracts and export import.
No I do not know which date the actual reval is going to happen, but as we are currently shifting out of Iraq soon and the US currency is leaving it certainly does look like we can expect a small reval soon… anything over .0008$ would be nice. I am hoping for a 1-3 dollar reval so fingers crossed.. I can “feel” it coming.
Tomorrow would be the most logical date for an rv…but my only concern is if an rv is to happen why wouldn’t it be in some kind of media? I mean c’mon an rv would be monumental! So why isn’t anyone even hinting of this?????
TO: Joking86: Probably to avoid a world wide mad rush to buy the dinar as the time and date approach.
Very cute
))),
i have been reading your blog for a bit now, just wanted to say thanks for this. and i have am subscribed to your RSS feed. look forward to reading more from you