What will Chapter VII Mean for You?

As was widely anticipated, the United Nations Security Council unanimously agreed last week to move several outstanding issues between Iraq and Kuwait from Chapter VII to Chapter VI of the UN Charter.

This effective normalisation of relations between Iraq and Kuwait has been broadly welcomed, with statements from US Secretary of State John Kerry and UK Minister for the Middle East Alistair Burt, among others; the removal of the sanctions is seen as a major step forward for Iraq.

But what does this mean in practical terms for the business community, and to what extent will it ease trade and facilitate development? If your business will be affected by this development, directly or indirectly, please let us know in the Comments section below.

9 Responses to What will Chapter VII Mean for You?

  1. nemesis July 4, 2013 at 4:23 am #

    “okies” have a field day LoLLL. good luck!

  2. Adrian July 4, 2013 at 5:05 am #

    Lol every investor have one lol and they are celebrating the R/V because the liar liar guru frank 26 said, is for tomorrow 4 of july.

  3. Adrian July 4, 2013 at 5:09 am #

    Sorry, for today! wow !!!! maybe all of them are in the bank until tomorrow that the banks will open.Lol

  4. bill July 4, 2013 at 12:10 pm #

    the best thing is to not listen to the “gurus” at all. this will only make you crazy. better off listening to [advertising removed]. If and when there is a revaluation it will happen when the conditions are right. Remember, Maliki the “boogey man” is still lurking! Maybe they have finally freed themselves of him and move their economy along. this could be a long process.

  5. Mike July 4, 2013 at 1:21 pm #

    There will bw no rv till 2020

  6. Tim July 4, 2013 at 5:20 pm #

    I agree on the so-called “GURUS”, they know squat about what is going on other than ripping people off and filling them full of pipe dreams that the RV is going to happen any moment now. Three years they have said the same thing over and over and over, and still nothing. Its like Bill said, dont listen, just watch what the government does, IMF and make your own judgements, but this whole 3-5 dollar per US dollar, seriously, nothing works like that. If that were the case, dont you think the people like Bill Gates, Warren Buffet, Mike Dell, and so on would be huge investors in something like that. What does it take for Gates to spend lets say 10million on Dinar, nothing, that is chump change to him, but yet, he doesnt. This could take years before we see anything. Me, if it comes out to a .10 to the dollar, I would be ecstatic, why, cause I made over 1000% profit, thats why.

  7. Mark July 4, 2013 at 8:05 pm #

    Stop worrying about the RV, it will come, but gradually over the next few years. Iraq just came out of chapter 7, so it will take time for them to build up their economy and infrastructure to make their currency back to were it was. No biggie, we’ve waited this long, what’s another 2-5 years?! Patience

  8. Jeff July 5, 2013 at 10:47 pm #

    They are not fully our of Chapter 7. Once they repay the entire bill to Kuwait, in 2015, there is a better chance of the currency improving it’s value, not necessarily rv’ing.

  9. TJ July 6, 2013 at 8:09 am #

    between the 747s, the tiers and all the other bullshit that suckers (gurus) have dreamed up in their drug induced fanasties its given the true potential for an Rv a bad name. Bottom line the dinar we hold is a currency from a very wealthy country and some time in the future that will be worth money, when and how much is the question but sitting in Reno waiting for the RV fairy isn’t going to get it. It’s a business /investment which most of these morons can’t even spell let alone understand the P/L or ROI on this investment, but your 747 will land soon in Reno if you just believe…lol, what a crock of shit.