Yesterday held a few interesting tidbits for Dinar Investors, not least of which was a statement by Iraqi Foreign Ministry regarding the current Chapter VII sanctions against Iraq. Chapter VII currently keeps Iraq from functioning as a completely independent country and will probably have a major role in the value of Iraq’s currency and their ability to move into global markets.
According to the Kuwaiti News Agency (KUNA),
The Iraqi Foreign Ministry said in a statement that minister Hoshyar Zebari headed the Iraqi side at the meeting, while the US party was led by the Deputy Secretary of State Jeffrey Feltman.
Discussions at the meeting dealt with various issues of common concern, current regional affairs and means and plans for boosting security and stability in Iraq in particular and the region in general, the official statement said.
They also dealt in particular with the means to relieve Iraq of the chapter seven, efforts to enable Iraq restore its international status that it had enjoyed before issuance of the UN resolution 661 in 1990, in addition to the US honoring of its pledges with regard of the withdrawal of the American forces from the country.
Hat tip to one of the commentators here on DS, thank you for the note!
Related posts:
13 responses to "Chapter 7 talks resume"
I read that they are meeting in Feb. to talk about getting out of Chap7.They sure have alot going on with everyone these days.Very Nice
Where did u read that, and when in February?
If Iraq has a loan with the IMF for 7 trillon, they could settle with kuwait on the debt with some of the funds. Then Kuwait would’nt have any claim on Iraq. Maybe I am missing something.
totally irrelevant to this post but whats up with the chat site i cant get on for some reason
we left the chat about 2 AM, est — I was just on about 6:30 AM
For me the 4 terroristic attack of these days, are a signal that Iraq, is not prepared for RV. RV is good, for a state in good conditions
I hate to say this with my investment at risk but I am with John on this one. I am so worried that RV may not be possible in spite of all the positive news that is coming out about restabilization efforts on the part of the government because of all these random attacks that keep happening. Can someone please chime in on that aspect so that we can get a better idea of what’s really going on good and bad, please?
John
terrorost attacks really have nothing to do with the RV. That does not seem to make a difference. I have seen these attacks take place over the years in Iraq even when their dinar was worth $3 – $4 dollars per dinar. I would hope that the country does not base its economic future on the idiots that blow themselves up! The attacks will never end in Iraq with or without an RV. All this is my opinion and I hope for “our” sake and for the RV that U are wrong. I do agree that the condition of the country is not what it should be BUT Im not sure that it would ever be considered to be in good condition… at least in our standards here in the USA.
From what I read today it won’t RV until there GDP is up.So that means maybe a year or 2 when they get there oil exports up.I would like to be wrong tho.
I have bought new Iraq dinar, have no idea where to exchange them after the RV. Idaho banks don’t exchange. where do I look for a place that will exchange when the time comes? Thanks anyone
Kip, if you’re in Idaho you will have to go to CA, or Navada to exchange as they are the closest designated sites for you to do so. You can google the exchange locations.
Joe,You are NOT wrong. In fact this has NOTHING to do with the election like everyone is saying. This only has to do with Chapter 7 release, infrastructure,and EXPORTS(IMO). As far as these three items there has been some good movement toward infrastructure. Hold on to those Dinar but we all will have a bit of a wait. Sadly, I agree with your timeline.
is that means maybe a year or 2 when they get there oil exports up??
Leave a comment
Sorry, the comment form is closed at this time.