Iraq’s International Standing to get Boost

The United Nations Security Council is due to meet today to discuss the removal of Iraq, partially or fully, from Chapter VII of the UN Charter.

The sanction, which threatens with “action by air, sea, or land forces as may be necessary to maintain or restore international peace and security”, was imposed on Iraq following its invasion of Kuwait, and it has remained in place despite the change of regime.

But relations between the countries have improved dramatically in recent times, and a high-level Kuwaiti visit to Baghdad in earlier this month was seen as significant.

The main outstanding item is the issue of reparations. Baghdad has so far paid Kuwait $30 billion of the $41 billion it owes, but Foreign Minister Hoshyar Zebari expects the balance to be paid by 2015.

At Iraq Business News, we look forward to some positive news from the United Nations later today.

4 Responses to Iraq’s International Standing to get Boost

  1. Iraq Investor June 27, 2013 at 3:37 pm #

    The dinar chat rooms are buzzing about this. Let’s make a prediction: If Iraq is fully exited from Chapter VII, the 1,000x ‘lottery win’ will come “any day now”, but of course not immediately. If it’s a partial exit from Chapter VII, that buys the pumpers another couple of years, waiting for the full exit. It’s tragic.

    Let’s hear from 4aprofit (4aloss?) – lol.

  2. Stellar Dinar waiting June 27, 2013 at 6:59 pm #

    Hopefully. .. hopefully. .. hopefully !
    Has anyone heard anything about it yet ???

  3. Stew June 27, 2013 at 7:04 pm #

    Isn’t it funny how so many of the gurus that have been telling people for years that it was going to RV every week… now suddenly those gurus say that they knew it couldn’t RV until Chapter VII is lifted.
    Doesn’t that mean they are admitting they have been lying and pumping dinar for sales for last few years.

  4. nemesis June 28, 2013 at 3:06 am #

    Risky speculation, winner is only dealer and his pages.