Take this how you will, because the translations can be a bit dicey… but this was sent in by a reader. The text “the exit of Iraq from Chapter VII…” doesn’t exactly say Iraq is out, or even that Kuwait has specifically requested to release Iraq from Chapter 7. Read on:
Conscious / Kuwait Office / o. ع P
26/9/2009 26/9/2009 12:30am 12:30 am
أكد مصدر مسؤول في وزارة الخارجية الكويتية لمكتب ( وكالة أنباء الاعلام العراقي/ واع ) في الكويت “أن الكويت أبلغت رسمياً الأمين العام للأمم المتحدة بان كي مون بخروج العراق من البند السابع . وأضاف المصدر لمراسل ( واع ) An official source at the Kuwaiti Foreign Ministry, the Office of the (Agency Iraqi media / conscious) in Kuwait “Kuwait officially informed the Secretary-General Ban Ki-moon, the exit of Iraq from Chapter VII. The source of the reporter (conscious) ” أن الموافقة أرتكزت على الأستثمار بدلاً من التعويضات المتفق عليها في القرار اعلاه. فيما أوضح وزير الخارجية الكويتي محمد الصباح “ان الكويت ستسعى بجميع أمكانياتها لمساعدة العراق على أستكمال تطبيق قرارات مجلس الامن المتبقية والحائلة بين العراق والكويت”. “The approval was based on investment rather than the compensation agreed upon in the above decision. Clearer with Kuwaiti Foreign Minister Mohammad al-Sabah” Kuwait will strive with all their means to help Iraq to complete the implementation of Security Council resolutions, the remaining buffer between Iraq and Kuwait.
Any native arabic speakers, please feel free to give a better translation in the comments. If you’re new to the Dinar investment, please understand that it could be very important for Iraq to be out of Chapter 7 before they are allowed or able to revalue their currency.
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if this article is real then iraq will be out of chap 7 or are now out of chap 7. the article is pretty cut and dry. we knew kuwait was the hold-up and with them on board they will be out of 7. if kuwait takes investment opps. do you think the will want to lose roughly 5 dollars everytime they have a transaction with iraq? answer is no, which means iraq will have to rv and soon.
I have asked before, I did not get any answer. Does Iraq have to be out of chapter 7 to revalue?
The answer is yes!
Iwould like to know how close is the dinar to rv?Also,is Iraq out of chapter 7? November 1 is here and no rv.What gives?I know that it’s close to rv, but how “SOON”?