By John Lee.
We get many enquiries at Iraq Business News relating to the future of the Iraqi dinar (IQD), for example:
- Will the Iraqi dinar increase in value?
- Will the currency be re-denominated, dropping the 'three zeros'?
- Is it wise to buy Iraqi dinar?
Firstly, Iraq Business News is not in a position to give investment advice. Our mission is to provide our readers with the highest quality information on the business and economy of Iraq.
As the value of the Iraqi dinar affects trade, we will continue to report on any possible re-valuations and/or redenominations as soon as information is available.
We hope that this information will be useful to the key decision-makers in Iraqi business, and to all who are interested in the development of the country; gamblers and people involved in get-rich-quick schemes/scams are not our target readership.
It's clear from the correspondence we receive that some people, who like to think of themselves as 'investors', genuinely believe that at the stroke of a pen they will make a 1,000-fold return on their purchase of dinars.
Those people might like to consider some questions before putting any further funds at risk: Read more ...
"Fact" finder - "…..It appears appropriate to give up this juvenile argument unless someone can address the entire situation from a position of FACT!"
OMG, can you believe this guy? "Addressing it from a position of FACT" is exactly what everyone else *except* YOU and 4aprofit have been doing! Talk about Orwellian "turnspeak" propaganda... LOL. Go back and re-read your past half dozen posts objectively - there's nothing there but frantic attempts to shut everyone else up masquerading as "I'm a neutral truthseeker, honest!". You haven't posted a single fact (in fact you've actively run away every time you've been asked) - just ranted at other people whilst ironically telling others not to rant at other people because you're "above that"... LOL.
"Fact" finder -"Based on the responses, it is obvious that this thread is hijacked by shills and trolls with an agenda."
ROFL! And now after telling everyone "the insults need to stop", you start throwing around your own paranoia-fueled insults... You can't even see your own hypocrisy, can you?
As John said, IBN isn't like those stupid "conspiracy" sites that you hang out, where you can throw anything you want to believe in out there and demand 'merit' just for "sharing" your personal fantasy, yet despite that, the fact every other "big picture" conspiracy claim (eg, NESARA's "40 zeroes of gold" claim (more gold than would fit in the entire cubic volume of the solar system several times over), 4aprofits equally ridiculous "the $80tn global economy is so bad that everyone will be given "$10bn per person which works out to $70,000,000tn (ie, 875,000x global economies worth) of money just lying around without magically causing inflation in the currencies the money is printed" claim, etc) has been totally shot down and debunked should tell you something and the need for you to "keep it real" or end up being seen as a total fact-less crackpot like 4ap...
"Argument from ignorance, also known as argumentum ad ignorantiam or "appeal to ignorance" (where "ignorance" stands for: "lack of evidence to the contrary"), is a fallacy in informal logic. It asserts that a proposition is true because it has not yet been proven false, it is "generally accepted" (or vice versa), etc.
http://en.wikipedia.org/wiki/Argument_from_ignorance
This is precisely where you are going wrong "FactFinder". Demanding everyone else "anti-prove a negative" in a failed attempt to defend a conspiracy for which you have zero positive proof and emotionally lash-out when asked to produce one single fact, then project all your own faults onto everyone else with "Turnspeak" propaganda, is actually the most "juvenile" argument of all on this board...
John's post was spot on - and obviously hit a raw nerve!
Don't quit writing boys...make more books...libraries actually...fill em up'...but, eventually we will see who is right or wrong...that's what brings us all back into the fight...as no one knows..or do they?...lol...
I bet 4aprofit is a secret CIA operative 🙂
Iraq Investor: "I bet 4aprofit is a secret CIA operative"
Well he wouldn't make a particularly good secret service agent if thinks the President is in jail and only he "knows" about it because he read it on the Internet... 🙂
Boy, you guys know how to twist things around and put words of your own out there as though it's others saying it...why sooo much worry over this.....get some rest...just because I got some dinar...it truly is amazing...this just makes me want more...lol..
yes the guy dosent know jac sh if you buy stock and vaule gos down like it did that is ok but if you buy dinar you lost time will tell
Oakie Oil Man swears to Jesus that it will re value at at over $4!!
I have not seen any posts lately on the status of the Iraqi Dinar … I know that a lot of people who have invested in the dinar as speculative currency have not appreciated your honesty about it’s value … but there are many … such as myself who look to you as one of the only sources who will report it like it is … not as the ‘Guru’s’ are maintaining and flower it up…. I have a friend that works over there and he continually maintains that the dinar is not going up for a long time … if ever ….
I tend to believe him and you … although I still hope for the revaluation to one day come and be in my favor ….
War With Iran, Trigger Of The Global Reset?
http://www.youtube.com/watch?feature=player_embedded&v=SKBS_i7D6Do
Jewish News One: VIDEO OF THE BOOM IN KURDISTAN, IRAQ....
http://www.youtube.com/watch?v=S0gyHoUmrio&feature=player_embedded
There are literally hundreds of positive reports like these...so most figure if Iraq cant get it together eventually...with all that it has going for itself...who can?...Enough said, so go figure!...LOL...
Deb - "I have not seen any posts lately on the status of the Iraqi Dinar … I know that a lot of people who have invested in the dinar as speculative currency have not appreciated your honesty about it’s value … but there are many … such as myself who look to you as one of the only sources who will report it like it is … not as the ‘Guru’s’ are maintaining and flower it up…"
Deb, there are other "RV" scam-debunking sites out there. Ignore the provocative domain-name of the website below - it's actually a very thorough & honest fact-based site that debunks the trash "RV guru's" come out with, and explains how the Dinar works in the real-world:-
http://dinardouchebags.blogspot.co.uk/2013/03/march-update.html
It also digs deep into other scams run by same chronically dishonest "guru's", eg, Breitling's pumping of a MLM real estate scam (shut down by the SEC), "Phoenix's" links to CMKX penny-stock fraud, conman Roger Dorman's ("Dinar Daddy's") LLC scam pumping (and recent advertising of conman Porter Stansberry who was fined $1.5m by the SEC for defrauding investors by inventing "secret intel" (sound familiar?)), James Wolf ("Adam Montana's" real name) ficticious life history. The list of non-Dinar fraud pumped by these conmen is almost as great as the Dinar scam itself.
You don't like my blog's name? ﴾͡๏̯͡๏﴿
Personally, I think it's very appropriate Sam! It's just that some people get upset by it - usually the same ones who've developed some form of "Stockholm Syndrome" attachment to the conmen 😉
All the best, and keep up your great blog!
Hang in there boys...either the Global Reset...that's on Currencies of course'...will either happen'...or things will change monetarily for all of us in other ways anyway..or possibly until it does happen...so even regardless of the outcome...what will you naysayers do anyway...as you have more to worry about right now if not positioned properly...
Fiscal Cliffs, Budgets, Runaway Inflation...the numbers are staggering...but do these things even matter...it's all a "Paper Shell Game"...hang on for the ride!...lol....
P.S...Ye Ole Dinar is a lookin better everyday!...
Global Reset.... LMAO!!
Some folks are so gullable!!
I may not agree with everything 4aprofit says, but I do have to agree with the fact that there are far bigger things to worry about "IF" there isn't a change in the current direction of our financial system!
All I know is that Iraq has a great deal of oil reserves, several major playing countries are moving back to do business, they are attempting to get out of being bankrupt and pay off Kuwait. Several major US politicians such as Clinton have encouraged investment in to Iraq. The US Govt. is building a billion dollar Embassy in IRAQ/There is a higher plan. Why invest billions of US for a Embassy, if you don't want to secure the place. China is the biggest player, they don't care about risk, they are buying up IRAQ oil because its quality. The US has provided them with cheaper ways to get the oil and also ways to find and dig for most of the oil that has not even been tapped yet. I think in the next 20 years, parts of IRAQ will be like Dubai. Then you will see the value of the dinar rise. It will take time and I am not saying that it will be 3-1 but it will be a better rate than the current one.
Iraq is a goldmine...literally, and not just in oil...but the currency will move, how much I dont know, but it must move IMO...sooner than later..unless the U.S. is going to just keep pumping billions in there for them to operate off of..while we are broke huh?...lol....
Iraq already has projects planned, many in the making and even many already finalized...which are already going to surpass Dubai in "Raw Wealth" as per their resources...Dubai is nothing up side Iraq..as per the wealth and natural resources that Iraq possesses...but until it is all unveiled...most cant or wont be able to see this!...
I agree with much of the post as per their wealth...but no one really knows how soon a revalue of their currency will be...but the U.S. is already going through a devaluation of the U.S. Dollar...(just look at your taxes and then inflation, as some items are twice the costs of what they were a year or so ago)...and it is now said that we may have spent as much as 6 trillion on the Iraqi War, at least as per some new studies...so if we opened Iraq up and propped them up monetarily..would'nt it stand to reason that the U.S. would accomodate off of that wealth and get a boost from it before the U.S. and it's Dollar tanks...or why are we still keeping Iraq afloat?
Did George Bush say, or did he not say...that the Iraqi War would pay for itself!...So how could this be done?...Go figure!..
Iraq does have significant resources, but what makes the current Iraqi dinar 'pitches' a scam; are the overblown projections of the potential for outside profiteering on the currency. The numbers just DO NOT add up on the dinar if there isn't a good old fashioned Re Denomination of their currency.
Re Denomination brings the concept of true fiscal responsibility within reach of the country's economy and secures the resources of the country for the benefit of the population at large. ....This same Re Denomination(and the resulting appreciation) brings a simple multiple or two of return to outside investors, but not the 'pipe dreams' of the gurus. ..Hence the obvious use of the word 'scam'!
...Should any person EVER come up with the missing link as to why the third world economy of Iraq should become the only country on earth to Re Denominate in country, yet redeem outside currency at full value; I will be a convert!
......Until then, this 'Rags to Riches' mantra holds no merit!
Profit, 95% of Iraqs wealth comes from Oil sales which are done mainly in dollars, and some euros. Once again, since you don't seem toanderstand this after years... Iraq recieves dollars and euros for their oil, which is about 95% of their wealth. So how will changing the value of the dinar effect that in any way?
The street value of the dinar is at about 1260, which is proof that the natural pressure on the dinar is for it to DEVALUE, not increase in value.
Read this article. It talks about how the CBI is powerless to even get the street rate back to the official 1160 rate. Yet scammers try to claim they will somehow make it 1:1 soon. It talks about how everyone wants to get rid of their dinar and have dollars. Obviously the people of Iraq are not falling for this scam
http://thecurrencynewshound.com/2013/05/04/islamic-bank-commissioner-actions-taken-by-the-cbi-stood-powerless-to-maintain-usdiqd-exchange-rate/?shared=email&msg=fail
If Iraq were to never have a valuable currency in the future..then why not trash this new high-security features sophisticated currency...even years ago...as you know they have had plenty of time to do that if they wanted to...but no, instead they probably spent more haggling over what to do with the worthless toilet paper than they probably spent making and distributing it...
So, for those that think that there will never be a higher value to the dinar...just due to your own perceptions...remember, always follow the money...we have already been over this numerous times, but some forget fast...but, never, ever, give up, as Winston Churchill used to say'....as with this much smoke...there is always a fire!...
A MUST HEAR FOR ALL THE NAYSAYERS OF THE DINAR!!!....
Breitling Report: Sunday 4/21/2013
http://www.youtube.com/watch?feature=player_embedded&v=Zz4ou-19vrg
If you follow the money you'll find that it's going to the dinar dealers and pumpers. And Breitling is a babbling moron. I pity the fool who listens to such drivel.
Scam alert...
http://www.ksl.com/?sid=25004930&nid=148&title=beware-amazing-investment-opportunity-in-iraqi-dinars-experts-say&fm=home_page&s_cid=queue-1
Thanks Sam
The problem with some folks or dealers that have gotten in trouble...as well as gave the dinar a black eye'...were those that made promises'...as that's the main issue here...as with any investment!...There is no guarantee in anything..well..there is one...Aint nobody gettin outa here alive'...lol....
On another note...I am literally watching a DV..yes, a Devaluation of the U.S. Dollar right before my eyes....
Let's say I just paid 30% in taxes on every dollar I made..then take that same Dollar and go spend it...where as many items are twice the price that they were even as little as a year ago...now, what do I have left?...And it has'nt ended yet, as inflation is getting worse...
And it's all over the charts and news agencies worldwide, that the U.S. Dollar will be devalued, lose value, fall, etc., etc., etc...while countries are backing themselves with gold now, like the U.S. used to be backed by...And countries are now un-pegging from the U.S. Dollar and the Petro Dollar!..
So, for all these dinar naysayers and experts...tell me what are we to do with the money we have now...that we are losing our arse with?...
This is why folks diversify into other things like foreign currencies...as at least some of these countries have better economies...and/or are at least headed that way, while the U.S.is'nt!...
The mainstream media and the finacial pillars of the community...propped up much of what tanked in the U.S...as per many investors and their losses...as some lost everything...so now they bash the dinar and it has'nt been proven either way..or yet!..How Odd?...
I'll take my chances taking the opposite advice...than that of some of my friends...who listened to some of these same folks...and were financially destroyed by doing so!...
It may take dynamite to move us out of our dinars and/or other currencies, and even other investments...but it is'nt taking dynamite right now to get our dollars from us...it's just survival for many..while watching the dollar tank right before their very eyes..so however it turns out...what's the difference..if your losing with the dollar already, while not being told about the delimna that the dollar is facing...by the same d*mn media?...How Odd?...
Profit... this is the devaluation you should be watching.
"5-14-13 Zawya / AIN / Baghdad – The price of the US dollar in the local markets reached 1,300 Iraqi dinars, compared to 1220 dinars in mid-March and represents a significant reduction of the Iraqi dinar’s value since the two last years."
IRAQ: The Big Picture: Nice read for those who have grown inpatient.
http://www.au.af.mil/au/awc/awcgate/milreview/landes_mar08.pdf
Just a thought. Pre war the dinar was worth $3+ sanctions knock it down to 1/10 of a cent. That wealth didn't just evaporate, it was just squashed under political pressure.
ITTC....Iraq Trade Information Center
And older but interesting article....This was posted on their web site, that there are no restrictions on buying the dinar, does'nt no restrictions mean no restrictions, maybe a link to keep in case you ever are told by anyone you shoudnt have any dinars, or that it is a scam....
IraqITIC.com - Policy Environment:
Fiscal Policy
In order to develop a strong fiscal base Iraq has followed the following policy direction:
•By creating the Board of Supreme Audit, Iraq has shown its commitment to financial transparency.
•In order to pursue sound fiscal management and rationalize the process of public debt management, the Financial Management Law and the Public Debt Law have been passed.
In addition to creating a sound regulatory environment, the following important steps have been taken:
•The introduction of a balanced budget
•The introduction of Treasury Bills
•The Introduction of a progressive Income Tax regime
•A simplified and reduced Custom duties structure
•In order to put the country on a sound financial footing, Iraq has carried out a major reduction in its international debt
Monetary Policy:
In order to create the basis of a sound monetary policy environment the most significant step has been the formation of an independent central bank viz. the Central bank of Iraq (CBI), on March 6, 2004, as an independent regulatory authority. It performs monetary functions, manages foreign reserves, acts as the government's banker and fiscal agent, issues currency, establishes and maintains systems for clearing and settlement of payment transactions, and supervises private banks.
The New Iraqi Dinar (NID) - a free floating currency - was introduced in January 2004 together with a new monetary control system. There are no restrictions or taxes on the purchase or sale of currency; the CBI carries out a regular currency auction in order to stabilize the exchange rate, which now stands around 1300 NID to the US $. The NID is fully convertible and there are no restrictions on capital flows.
There is a multi-currency system in place where foreign currency freely circulates in the market. As a result checks are officially cleared at the CBI in all major foreign currencies, particularly the US$.
Interest rates stand liberalized on all domestic financial instruments, inflation has been stabilized and the capital base of private banks stands significantly enhanced.
Foreign banks may open branches and form joint ventures with Iraqi private sector banks. Under CPA Order No. 94 private sector banks may be wholly owned by foreign banks with no legal limit on the number of licenses that may be granted. Also, branches and domestic subsidiaries of foreign banks are legally at par with Iraqi banks.
http://www.iraqitic.com/iraqiTIC_policyEnvironment_en.php
The United Nation’s Security Council Recently Made This Very Important Statement!
The United Nation’s Council would welcome in the draft resolution’s preambular part aka; [PREPARATORY STATEMENT] both Iraq and Kuwait’s efforts to advance regional stability, and “all the positive steps that have been taken by the Government of Iraq to fulfill resolution 833 of 1993″ related to the border between the two neighbouring countries.
THE MOST TANGIBLE WRITTEN STATEMENT THAT THE IMPORTANCE OF THE IQD TO BE RESTORED TO PRE 1990 INTERNATIONAL STANDING, TO DATE, HAS BEEN MADE BY THE UNITED NATION’S SECURITY COUNCIL ON JUNE 26, 2013.
Quote:
The United Nation’s Council would recognize that the situation existing now in Iraq is “significantly different” from when the Saddam regime invaded Kuwait in August 1990, and the “importance of Iraq achieving international standing EQUAL” to that which it held prior to that date. Then The IQD Was $3.22 to $1 USD.
Quote:
Most hit & run sites on the Internet claim Iraqi Dinar scams are made by boasting the exact same thing THAT The United Nation’s Security Council just stated above about how important it is to Iraq In ACHIEVING [Pre 1990 International Standing].
EXAMPLE 1:
In their attempt to discredit the Dinars ~ they state that The IQDs are sold on misleading hype.
A) They state;
Many dinar dealers refer to the value of the Iraqi dinar prior to the 1990 Kuwaiti invasion (1 dinar = $3+ US Dollars) as evidence that the potential for the dinar is theoretically unlimited.
The United Nations Security Council Just Said The Exact Same Thing Above!!
B) They state;
They don’t mention that the pre-1990 dinar has been demonetized (worthless) and that its value was arbitrarily set by an autocratic regime led by Saddam Hussein.
This is an incoherent ad hoc statement towards Pre 1990 International Standing. The Dinar became worthless due to war , due to being attacked by The U.S. Nothing else in the financial world can change the fact that Pre 1990 IQD was $3.22 PERIOD!
C) They state;
Following the embargo, the ability for the Iraqi government to manage its currency’s value collapsed and it spent the next 10 years at 2,000 – 3, 500 dinars to the U.S. Dollar.
Again another unlink-able incoherent ad hoc statement towards Pre 1990 International Standing. The Dinar became worthless due to war , due to being attacked by The U.S. Nothing else in the financial world can change the fact that Pre 1990 IQD was $3.22 to $1 USD PERIOD!
These [ Dump Sites/ Hit & Run Sites ] are unbelievably incoherent! Especially, when they try to discredit common knowledge about Iraq’s Return to Pre-1990 Dinars as Hype! Nothing could be a truer statement by a dealer than to state ‘EQUAL’ to Pre-1990 and when supported by The United Nation’s Security Council’s statement that this is the goal when then affirmed again within the “draft resolution’s preambular part”.
Tell the Anti-Dinar Scam Propagandists to think first.
Timing and upon what for IQD release?
Does this all mean that Iraq needs to be fully released from Chapter 7 for their IQD to be released for International Standings? IOWs, Do they need to be fully sovereign to release their IQD for International Standings?
Iraqi market for securities uses NASDAQ to make it a financial center on the regional and global level
Iraqi market for securities
Author: HAA
Editor: AF, BS 29/06/2013, 16:07
Range Press / Baghdad
The Foundation signed a NASDAQ Global Market, on Saturday, an agreement with the Iraqi market for securities to develop the system work in business dealings, and showed institution that the agreement includes replacement of the stock market Iraqi its system current ones will make it a platform for stock trading fast and sophisticated at the global level, as confirmed by local officials that partnership with the NASDAQ will make Iraq a financial center for all commercial activities of regional and global markets.
He said the first deputy chairman technology stock market in an institution NASDAQ Lars Ottarsgard in an interview for إنفستر news economic and briefed him (range Press), "The Corporation NASDAQ NASDAQ Global Stock Exchange and headquartered in New York and signed with the Iraqi market for securities ISX agreement to develop the system work the Iraqi market, the current business dealings and congratulate the Iraqi stock market on their pledge to develop their commercial system to occupy their place at the forefront of the market based on modern technology in the Middle East
He Oter Sgaard that "according to the terms of the agreement Vstqom stock market Iraqi replace its system of current ones backed technology company X-Stream X-Stream Technology of the NASDAQ, as will be the introduction of developments technological modern stock market in mid-2014," noting that "the updates that Stdkhalha technology X Stream on the Iraqi stock market system will make it a platform for business transactions fast and sophisticated, which will increase to attract investors in the Middle East and the global level. "
For his part, said Michelle Carlson, head of business development for the Middle East and North Africa in the NASDAQ "We are very proud بتقديمنا Technology X-Stream modern to support the development of the stock market of Iraq to become a market recognized brand in the region and be the station to attract investors to local and international alike."
In turn, the director of the Iraqi market for securities Taha Abdul Salam said that "the market's administration is committed to making it one of the most bourses Tjaddeda and active in the Middle East and across the world," noting that "the modernization and development of the system our commercial technological with the survival of our continuing partnership with the NASDAQ is a clear indication for investors The stock market dealers that Iraq will continue to be the financial center of all activities of regional and global trade. "
He said Abdul Salam that "the process of modernization and according to the technology company X-Stream X-Stream will provide the Iraqi market for securities most modern techniques of technology stock trading in accordance with the international standards and the adoption of this technology is a step in an ambitious market Iraqi Stock Exchange to become a point of attraction in the Middle East capable of hosting and facilitate other regional Alasouk activities. "
During a period of less than ten years the proportion of stock trading business in the Iraqi Stock Exchange tenfold expectations of sales of shares to more than $ 1.2 billion during the year 2013 while the increased market capitalization seven-fold during the same period to reach more than 12.170 billion dollars in the first six months in 2013 only.
The technology NASDAQ X-Stream currently used in more than 25 exchange in the world market.
And the market for securities Iraq three branches in Baghdad and Erbil, Najaf and the latter opened in the seventh month of January 2013.
It is noteworthy that the Iraqi market for securities, which was established in June 2004, which was founded and was following a manual trading prior to the adoption of electronic trading in part on 19 April 2009, and then fully in the year 2010, and traded in the market dozens of companies specializing in sectors including banking, industry , hotels, tourism, agriculture, and the number of sessions the market in the year 2010.236 session, during which trading of more than 256 billion shares worth more than $ 339 million through the implementation of 71 thousand a decade, and in 2009 the number of sessions the market 152 a session, it was a circulation of about 211 billion shares valued at 307 million dollars through the implementation of the 49 thousand contract.
Iraq Investment Booming, Economic Future Bright
June 27, 2013
Iraqi workers stand outside the second refinery for crude oil in the Al-Dora refinery complex during its official opening ceremony in Baghdad on September 16, 2010. A boom in oil investment and exports is fueling economic growth attracting foreign companies and capital. (Ahmad Al-Rubaye/AFP/Getty Images)
The contrast between life and business is extreme in Iraq. On the one hand, hundreds of people still die every month from terrorist attacks. On the other hand, business and investment are flourishing. The most recent success: Citigroup will be the first American bank to open a branch in Iraq, slated for sometime this year.
“U.S. companies, such as Citi, are demonstrating tremendous commitment to Iraq. Our companies bring capital and expertise, world-leading technology, and innovative management and financing practices,” said Stephen Beecroft, the United States ambassador to Iraq, at a reception June 26, 2013, according to Iraq Business News. Along with the planned bank branch in Baghdad, Citigroup is talking about $1 trillion in infrastructure investment
Mayank Malik, chief executive officer for Citigroup for Jordan, Iraq, Syria, and the Palestinian territories told Bloomberg news: “Iraq is a giant that’s waking up and the opportunities are immense … The most significant opportunities are twofold—oil revenue generation and infrastructure creation. We estimate this to be a $1 trillion initiative over time.”
In Iraq, economic development mainly centers on oil exploration and production. According to the International Monetary Fund (IMF), the country has the second largest oil reserves in the world. An estimated 143 billion barrels are in the ground in Iraq; the country produced 3.1 million barrels per day in 2012. Exports amounted to 2.1 million, according to the Ministry of Oil.
Investment in oil and infrastructure and the knock-on effects will boost economic growth to 9 percent this year, according to the IMF; much faster than the global average of 2 percent. In turn, the government has increased budget spending by 18 percent to $118 billion.
The IMF also states Iraq needs further reconstruction and investment in social institutions such as education, security and health care to provide a better business environment. Most of this estimated $1 trillion expansion will be funded by bank loans.
Consequently, as economic prospects get better, international banks are entering a market where large profits are expected. According to Singapore-based Sansar Capital Management LLC, the five largest private banks in Iraq increased their net-income by more than 200 percent from 2010 to 2012.
In addition to Citigroup, British bank Standard Chartered is also going to open branches in the cities of Baghdad, Basra and Erbil this year. “The amount of economic activity in Iraq now is substantial. We always wanted to be onshore in Iraq. It was never a question of if but a question of when,” the bank’s regional head Christos Papadopoulos told Reuters.
Despite the positive long-term outlook, it’s not going to be easy, notes the IMF: “Iraq’s economic prospects continue to be subject to significant risks, deriving mainly from institutional and capacity constraints, oil prices volatility, delays in the development of oil infrastructure, and an extremely fragile political and security situation.”
http://www.theepochtimes.com/n3/1356...future-bright/
Maliki: We removed the last obstacle to Iraq to exercise effective role
29/06/2013 12:00 AM
Called on the nations of the world to build bridges of friendship and the fight against terrorism and extremism
Baghdad morning
Counting Prime Minister Nuri al-Maliki Iraq would emerge from Chapter international decisions under the provisions of Chapter VII "remove the last obstacle" to Iraq to exercise its outer regional and international levels as a full international civil society.
Nevertheless, the Prime Minister stressed that what is left for the government at the domestic level is not easy, and it needs to work hard and long.
He called on al-Maliki in a speech marking vote the Security Council to remove Iraq from Chapter VII speech yesterday evening (Thursday), all countries in the region and the world to extend the hand of friendship, stressing the ability of Iraq and Kuwait to overcome the difficulties and enable them to re-bridges of confidence after all the devastation left by the occupation the dictatorial regime of the State of Kuwait.
The following is the text of a speech the Prime Minister:
"I congratulate all the Iraqi people in this historic day which saw the withdrawal of Iraq from the international sanctions of the provisions of Chapter VII.
It's a new day sun emerged to remove from the face of Iraq and Iraqis tired of years of dust and shaking him painful memories associated with international sanctions and blockade and the loss of sovereignty and opens him broad prospects and broad hopes for a better tomorrow.
Here are the constraints break down and crippling international resolutions become of the past and go forever to recover and people of Iraq its humanitarian and outstanding cultural and natural relations with the countries of the world.
So what was to happen not for your patience and your support & Oukovkm Dear honorable Iraqis to by the government and its efforts to win the confidence of the world again and to return Iraq to its normal international status.
Dear sisters and brothers, dear ..
The move came out of Iraq under international sanctions subject to the provisions of Chapter VII complement what has been achieved at an earlier stage of Iraq's dependence on itself and its armed forces and dispense foreign forces in carrying the burden of responsibility for security and the departure of the last of these forces soldier at the end of the year 2011.
What were these major achievements possible without the support enjoyed by the government and the Iraqi negotiator of people who آزرنا, despite waves of propaganda and jamming attempts have been made to deprive Iraqis of touch these great achievements سيذكرها the history of all Iraqis proudly.
Here, I can say: that what has been achieved today to remove Iraq from Chapter international decisions under the provisions of Chapter VII knocked another obstacle to Iraq to exercise its outer regional and international levels as a full international civil society.
But what remains ahead of us at the domestic level is not easy it is hard work and long and can describe and say that we went out far from the lesser jihad to the greater jihad any reform internal situation and unify the floor and make the unity of Iraq and the interests of the nation above the interests of the community and the National Party.
And considering the service of the citizen and the provision of free and dignified life to him is the main objective of all politicians and prior to this and that the provision of security and stability that can not do anything without them.
Ladies and Gentlemen ..
To be applauded that the ability of Iraq and Kuwait to overcome the difficulties and to enable them to re-bridges of confidence after all the devastation left by the occupation of the former regime, the State of Kuwait, and the subsequent fallout from psychological, social, legal and economic painful, but fit to be a role model on the ability of States to build good relations and constructive, if the political will is there deep and sincere faith must respect the sovereignty of nations and build good relations between its members and the rejection of excess and abuse and install cooperation to achieve security and stability.
Iraq is what we want and we are seeking is a unified Iraq coherent and Trucial inside and positive and constructive in its external relations, and here we are keen not to engage in the axes of political conflict in our region, and we will reject it regardless of the pressures that we find in this approach is the only way to achieve our national interests and the interests of the peoples region.
Based on that, we put all of our assets in order to strengthen the moderation in the region and encourage all countries and political forces to pursue this line instead of extremism, violence and terrorism.
The testing time suffered by our result of the policies of axes and interventions pursued by the dictatorial regime cemented this conviction, we have more and more, and reassured everyone that Iraq as long as committed Bdstourah and its democratic system can not be engaged again in the policies of axes and polarization that has taken him and took the region with him to the maze far. I appeal to all countries in the region and the world that Iraq extends the hand of friendship to all these states and emphasize once again that the relations of friendship based on mutual interest and mutual respect and non-interference in internal affairs is the way to promote security, stability and prosperity in our region and the world, and affirm our vision that the good relations between the countries do not require an exact match in views or pursue the same internal or external policies.
Dear sisters and brothers ..
That sectarian polarization and the enormous political tension, which is formed in the region can not escape it further escalation and pitting us against others and the collapse of citizenship and state institutions for the benefit of communities and logic components. That it will put us in the circle of chaos and instability in the case of of weight Anaadae not know one end and no one will escape from its devastating effects.
I still think that time will not run out completely yet to remedy the situation before it's too late and respond to the call of reason and submit to the logic of dialogue and understanding between the countries of the region rather than intervention and violence and the clash of arms.
Our sincere thanks to Mr. Ban Ki-moon, Secretary-General of the United Nations, which recommended the lifting of the sanctions and remove Iraq from the provisions of Chapter VII, and thank you very much for the permanent members and all council members who voted in favor of this decision today and helped Iraq and its people to get rid of those restrictions enormous. And call the international community to a serious stand to fight terrorism in all its its forms and Asnavh and non-discrimination between terrorism and terrorism, everyone is targeting all aspects of human life and pursue terrorism, a way to achieve their political goals.
We also call for the fight against extremism and tyranny and robbed freedoms and dignity of peoples, because it represents a seed that grows extremism and terrorism and instability.
We also emphasize our position in the constitutional do not let that be our headquarters or a conduit for terrorism in all its forms.
Renew our congratulations to all the sons of the Iraqi people and remember the suffering of our people and the sacrifices and the harsh conditions that prevailed between the regime's grip and harsh penalties throughout these years, lean, stressing that determination will not be tempered in order to achieve the ambitions and aspirations of our people in the construction and reconstruction, and call upon the force of national partners in the political process to invest this opportunity to work to strengthen national unity and support for our armed forces and our security in the implementation of its mission to save the country's policy and impose security and stability, and the extension of the rule of law and urged the pace on the road to build and service the people of Iraq and support for democratic institutions. "
http://translate.google.com/
After the disposal of the international provisions increase in the value of the Iraqi dinar
29/06/2013 12:00 AM BAGHDAD - Hussein Tamimi ثغب
After hours rid Iraq of the provisions of Chapter VII of money, saw the exchange rate of the Iraqi dinar rise against the dollar. According to a member of the Association of private banks Hilfi, the sword, "the Iraqi dinar exchange rate against the U.S. dollar saw a return to a normal pace after the decision to remove Iraq from the provisions of Chapter VII." Hilfi said in an interview (Center Brief for the Iraqi Media Network): "The rates of the dinar exchange rate against the dollar stabilized at 1210 dinars per dollar," pointing out that the coming days will witness a rise continuously to the value of the Iraqi dinar. And ills Hilfi so that the bypass provisions of Chapter VII gain large, and everyone became confident in Iraqi dinars, especially in light of the large financial reserves of Iraq. He added that the coming stage will witness a new investment-oriented is turnout companies and investors and citizens to invest in the Iraqi dinar, stressing that the economic landscape readings indicate the presence of a great demand for the dinar will contribute to raising the exchange rate against foreign currencies./end/
Broad international welcome the exit of Iraq from Chapter VII
29/06/2013 12:00 AM
Kuwait: UN Resolution represents the equitable development of bilateral relations between the two countries
Baghdad morning
Organizations and welcomed the Arab and foreign countries to end the provisions of Chapter VII on Iraq and the move to Chapter VI, which recognizes that the country has become a state that does not threaten international peace and security.
Has expressed Kuwait's satisfaction with the Security Council resolution, the judge remove Iraq from under pain of this chapter, stressing that the move reflects the level of development in the bilateral relations between the two neighbors, while praised many countries, the role of Iraqi diplomacy in settling the terms of that chapter. Comes الاشادات international derail Iraq from Chapter VII, in sync with the welcome of the Arab League resolution, which she described as significant for the future of the country.
Welcome KD
Kuwait expressed its satisfaction with the UN resolution which was considered equitable to the development of bilateral relations with Iraq, expressing satisfaction with the great development happening in my missing Kuwaitis and restore the country's property.
The charge d'affaires at the Kuwait delegation Permanent Representative to the United Nations of Abdulaziz Saud Al-Jarallah in a press statement he made after the adoption of UN Security Council resolution canceled under which the provisions of Chapter VII, "This decision reflects the level of development in bilateral relations between Kuwait and Iraq, which culminated in the visit carried out by the Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah to Baghdad two weeks ago and resulted in the signing of four memorandums of understanding and agreements between the two sides in various fields.
"With regard to the terms of the resolution, said the neighbor of God:" The role of the UN remains constant in the follow-up to my prisoners and missing persons and re- property Kuwait, "explaining that the decision came" as a result of the understandings that have taken place between the two countries on the transfer of responsibility for my missing Kuwaitis and others of other nationalities and return of Kuwaiti property and the National Archives of the International Coordinator high-level within the framework of Chapter VII to the responsibility of the UN mission to help Iraq (UNAMI) under Chapter VI.
"He said: he was informed UN Secretary-General Ban Ki-moon jointly by the ambassadors of the two countries two weeks ago, these understandings due to the lack of justification eliminates the survival of the two files under Chapter VII, as well as for being related to two cases Ansantin.
He pointed out that resorting to Chapter VII is in the event of a threat to international peace and security. Said neighbor God that the issue of prisoners and missing and unaccounted for and recover their remains is a humanitarian issue in the first place, and that the issue of return of property and the National Archives of the State of Kuwait is a priority as the memory of the nation.
He explained that the Council's request to submit to the Secretary-General submit a separate report on these two issues differs from previous reports on the activities of the Mission (UNAMI), as well as the request of the Secretary-General to consider the appointment of a Deputy Special Representative in (UNAMI) in charge of overseeing these issues and provide appropriate resources for them.
Jarallah expressed appreciation for the efforts made by the Iraqi government in this regard, calling on them to redouble their efforts and continue to cooperate with the mission (UNAMI) and the competent Kuwaiti authorities in order to reach positive results contribute to the closure of these files permanently.
The success of the dual-
It also congratulated the United States Governments of Iraq and Kuwait, "their success in resolving bilateral issues and major international during the past year," and in a form which helped in the adoption of UN Security Council decision to "remove Iraq partly from Chapter VII." He said U.S. Secretary of State John Kerry, in a statement, resolution as "a testament to the commitment of the two neighboring relationship new," stressing that those pages historic new relationship will see the transfer of my missing Kuwaitis and others of other nationalities during the Gulf War and the return of Kuwaiti property of the responsibilities of the High-Level Coordinator for the United Nations under Chapter VII of the UN mission.
welcomed the U.S. United at the same time maintaining marks the border between Iraq and Kuwait, said Kerry, that his government "also welcomes the completion of the maintenance of border markers and the establishment of technical arrangements between Iraq and Kuwait, as recommended by the United Nations Commission on this matter."
He continued: " also confirmed during a visit to Kuwait recently we continue to support both Kuwait and Iraq in the form in which they can build more trust and cooperation and to strengthen the relationship between them and to promote regional stability. "
Government efforts
In turn, welcomed the British government's Security Council resolution No. 2107 Judge remove Iraq partly from the provisions of Chapter VII and finish the task of the Special Coordinator of the United Nations responsible for my missing Kuwaiti property, and transferred to the United Nations Mission to help Iraq (UNAMI).
Expressed British Minister of State for the Middle East and North Africa Alistair Burt in a statement expressed his delight admittedly UN Security Council efforts of Iraq to improve its relations with Kuwait, blessed the efforts of the Iraqi government steps that have been made in order to accomplish this step. praised Burt support and flexibility, which characterized the State of Kuwait to help Iraq out of Chapter VII.
He expressed the hope that represents this step an important stage in the context of the continuing efforts to improve relations between the two countries and to become an example of the cooperation model to resolve differences long and complicated in the region.
was a Security Council resolution, has called on Baghdad to reinforce its commitment to facilitate the repatriation of missing Kuwaitis and others of other nationalities or their remains and continue to cooperate with the International Committee of the Red Cross by providing any information about them. also urged Iraq to continue his efforts in the search for missing Kuwaiti property, including the National Archives through the Joint Ministerial Commission between the two sides.
Phase of prosperity
Arab League for its part, congratulated the Iraqi people and government, the great achievement which happened after the United Nations voted unanimously to exit from Chapter VII, which culminated after the great efforts made by the Iraqi government and its people, who signed under penalty of this chapter for many years.
The Secretary-General of the Arab League, Dr. Nabil el-Arabi said in an interview for "Center Brief for the Iraqi Media Network": that Iraq today comes out of all waste incurred from the past, "expected to enjoy the Iraqis in the next phase of prosperity and stability after he got sovereignty fully.
Praised Arab efforts of the Iraqi government, which he said, "I worked a lot to get rid of Chapter VII," pointing to the role of the university and its contribution, as well as his contacts personal, with the United Nations, to help Iraq to reach this decision, expressed his great pleasure for this great achievement, which It snowed the issuance of the Arabs.
added that Iraq and Kuwait countries two brothers and متجاوران, and now and enjoy strong relations, and common understandings, we hope that lasts with all Arab states that give a boost joint Arab action forward.
The Iranian government has held that the withdrawal of Iraq from Chapter VII has "positive effects" in the political situation Iraqis and regionally, and confirmed that the issuance of this decision evidence of good performance of Iraqi officials at the level of issues relating to the former regime with neighboring countries.
Aide said Iranian Foreign Minister for Arab Affairs and African Hussein Amir Abdul اللهيان, in an interview to news agency Fars that "the Islamic Republic of Iran expresses its satisfaction at the withdrawal of Iraq from Chapter VII and congratulates the Iraqi government and people on the issuance of this decision."
said Abdul اللهيان that "this decision has positive effects on the political situation in Iraq and the implications of regional, "noting that" the decision evidence of good performance of Iraqi officials at the level of the remaining issues since the time of the former regime and for neighboring countries. "He continued that" the new Iraq was able to prove to the international community and neighboring countries, it is no longer a threat to international peace and security. "
http://www.faceiraq.com/inews.php?id=1819538
Maliki: Iraq is now free from chains imposed on it as a result of former regime's foolishness
27/06/2013 20:56:00
Baghdad (NINA) – Prime Minister Nuri al-Maliki said that Iraq became today from the chains imposed on it because of the former regime's foolishness.
In an address celebrating Iraq become free from the provisions of Article VII of the UN Charter. He said, "Iraq got rid of a heavy load imposed on it for over 20 years; we all have the right to celebrate this day that will open wide horizons to the Iraqis through restoring to Iraq its preferential role among other countries."
Maliki added that this would not have happened without the Iraqis standing by the government in its endeavor to get rid of this Article, where Iraq won the world's trust making them vote for it to get out of the provisions of Article VII.
He added, "Iraq getting out of the provisions of Article VII has removed last obstacle before it to return back to its international and regional sphere, yet we still have, domestically, a hard job to do toward providing security and stability that are now among the priorities of the Government."
Maliki pointed out that the ability of Iraq and Kuwait to reinstate the bridges of trust between them will become big when sincere political will is provided for mutual respect; adding that Iraq puts all its capabilities toward supporting moderation in the region, instead of extremism and violence of which no one would escape.
Maliki went on saying that Iraq extends hand of friendship and common interests to all of the world's countries, which is the mean for security and stability.
He called on the international community to seriously stand together in combating terrorism and extremism; he also called on partners in the political process to consolidate national unity.
It is noteworthy that the Security Council voted, on Thursday, unanimously for getting Iraq out of the provisions of Chapter VII of the UN Charter. / End.
http://www.ninanews....?ar95_VQ=GIJDIH
What a great find and finally some journalists that actually have
researched Iraq to ask pertinent questions as to what is going on
in Iraq! Excellent!!!
This sounds great!!! I like how he says Iraq is the fastest growing
economy in the world!
The speaker mentions that there is nothing that has ever been like
this "Oil Boom" in history!
He also mentions that "Pepsi" stock has grown over 150% over the
last year, which is also known as "Baghdad Soft Drinks"...
And at the end of the video the speaker mentions that security is
still an issue, but they as investors dont mind that...there must
be a lot of opportunity to ignore those issues!
Is this Babylon Rising?
Bloomberg - 6/27/13 - Is Now The Time To Invest In Iraq
http://www.bloomberg.com/video/is-no...1hrpfBa1g.html
Link for the above..other link was bad...
http://www.bloomberg.com/video/is-now-the-time-to-invest-in-iraq-r2D3IjMARVyle1hrpfBa1g.html
Iraqi Oil Ministry: Gas revenues from the southern fields will amount to USD 500 Billion
26-06-2013 - 14:00
Iraqi Ministry of Oil announced on Wednesday that associated gas investment revenues in the southern field for the upcoming 20 years will amount to about 500 Billion Dollars; stressing that Iraq burns 40-45% of this associated gas.
“Revenues will exceed 500 billion Dollars in the next 20 years by investing 40 billion Dollars in extracting associated gas from the southern fields”, said a highly-ranked official from the Ministry in a statement to Alsumaria.
“Revenues will rise to 550 billion Dollars if gas is used as a carburant in electricity plants instead of crude oil”, it revealed.
“Burning 1000 standard cubic foot per day constitutes a loss of 3.7 billion dollars per year”, added the source who wished to remain anonymous, highlighting that “projections show that natural gas production in Iraq will range between 19 and 115 billion standard cubic meter by 2035”.
“Iraq burned about 40-45% of the associated gas from previously exploited fields”, pointed out the source; considering that “establishing Al Basra’s gas company will greatly reduce gas burning in these fields”.
Preliminary estimations point out that Iraq has a reserve of 112 trillion cubic feet of gas, however 700 million cubic feet are burnt and wasted daily, for lack of proper infrastructure.
Iraq ranks in the 10th position worldwide among gas-rich nations after Russia, Iran, Qatar, Saudi Arabia, Emirates, USA, Nigeria, Venezuela and Algeria; with a reserve of 112 trillion cubic feet of gas, however 700 million cubic feet are burnt and wasted daily, for lack of proper infrastructure.
THE LINK : http://www.alsumaria...outhern-fiel/en
Link for above....
http://www.alsumaria.tv/news/78381/iraqi-oil-ministry-gas-revenues-from-southern-fiel/en
Turkmen Eily Party: Iraq to move forward economically after being relieved from 7th Chapter
Friday, 28 June 2013 14:44 | | |
Baghdad (AIN) -The Turkmen Eily Party assured that Iraq will move forward economically after being relieved from the 7th Chapter of the UN Charter.”
On last Thursday evening, the UN Security Council endorsed the resolution of relieving Iraq from the limits imposed on it according to the UN 7th Chapter.
A statement by the Party received by AIN cited “The Party congratulates Iraqis on this occasion that relieves Iraq from the international custody.
“This is a historical day in the history of Iraq that will participate in upgrading Iraq’s political relations with the international community,” the statement added.
“The Party expresses its gratitude for the Iraqi government and all the Iraqi sides that helped and worked on relieving Iraq from the 7th Chapter during the last years,” the statement concluded.
It is worth mentioning that Iraq will move to Chapter VI of the UN Charter, which emphasizes the resolution of disputes between any two countries through peaceful means and through direct negotiations without the supervision of UN or other international or foreign custody.
Iraq will gain another point, where it will not be obliged to deposit the oil revenues in the Development Fund for Iraq and will be free to import and manufacture weapons allowed according to the international laws.
Baghdad witnessed wide celebrations with huge popular participation on the occasion of relieving Iraq from the UN Charter’s 7th Chapter on last Thursday. /End/
http://www.alliraqne...itical&Itemid=2
Thursday, June 27, 2013 18:41
UN Security Council unanimously decided to remove Iraq from Chapter VII
Baghdad / Baghdadi news / .. Security Council decided, on Thursday, voted unanimously to remove Iraq from Chapter provisions of Chapter VII.
And witnessed the proceedings of the Security Council session for a vote on the fateful decision your remove Iraq from Chapter VII word Minister Alaforeigh Iraqi Hochea Zebari which pursued / Baghdadi News /, "and the session included voting members of the UN Security Council unanimously adopted a resolution to remove Iraq from the provisions of Chapter VII and transferred to Section VI and by which it will enjoy full sovereignty. " The resolution included an end to the measures provided for in some paragraphs of UN resolutions 686 and 687 adopted by the Council in 1991 after Iraq's invasion of Kuwait, "and calls" The decision the Government of Iraq to fulfill its obligations. "And Foreign Minister Hoshyar Zebari said during the speech during the meeting, that "Iraq is significant strides in the framework fulfill its obligations towards the UN Security Council decisions," explaining that "all Iraqi political parties agree not to return to the sectarian fighting."He added that "the Iraqis are looking forward today to help the international community to achieve what poured him of the objectives of" n expressing "appreciation Iraq to the position of the UN Security Council to take him back to the international community," noting that "Baghdad has fulfilled all its obligations and is committed to paying compensation remaining."The Security Council resolution 678 of 1990 which was based on Chapter VII, provides for the use of armed force to eject Iraq from Kuwait, and deduct a percentage of their money in compensation to Kuwait and the companies and countries that have been damaged, and other conditions.The economic blockade was imposed on Iraq then referred to is based on a UN resolution known as the "oil for food and medicine."Iraq and lived several years of severe deprivation and destitution. These decisions have caused to cut off a number of countries diplomatic relations with Iraq and scalable connections with the outside world in various fields and resulted in heavy losses in several sectors.May continue to do so after the entry of U.S. forces in Iraq in 2003 and was succeeded in the past years of deteriorating security and successive crises threatened national and sectarian diversity of the population of Mesopotamia.Observers believe that removing Iraq from Chapter VII will contribute to improved and developed both internally and externally, and سيعيده to its Arab and regional levels, while others argue that it will put this country in front of new challenges. Finished / 21
Zebari in New York: Iraq becomes a free country
Thursday, 27 June 2013 19: 22
[Baghdad]
Foreign Minister, Hoshyar Zebari, said "Iraq is today a free country".
Zebari said at a press conference held at United Nations Headquarters in New York, after the UN Security Council votes unanimously to exit Iraq from Chapter VII, "Iraq returned to normal status in the international system and would exercise its role as a stable state," he said, adding that "Iraq has suffered greatly from the provincial measures and blockade and isolation and compensation", adding that "Iraq has become a free country today and will go to the reconstruction and stability."
In response to a question, Zebari, "UNAMI in Iraq located with the approval of the Government, and is working to strengthen Iraq's relations with neighboring States, and has extensive operations to return Jewish archives and other things."
And Zebari that "chapter VI differs from VII, there are negotiations on ending VI", adding that "the provisions of Chapter VII provisions notified because they are binding, and is applicable to any country that threatens international security."
He noted that "damages wars continue, Iraq will compensate victims through his own".
With regard to the possibility of Iraq if military attack, "Zebari said Iraq has no air force, trying to buy military planes from other countries", while at the same time denied that "the Iraq conflict in Syria relationship." over
http://www.microsofttranslator.com/b...%26Itemid%3D86
ISCI bless the people of Iraq exit from Chapter VII
Thursday, 27 June / June 2013 19:20 | | |
{Baghdad: Euphrates News} Park ISCI Iraqi people exit from Chapter VII, describing the day as "historic day which restores the true face of Iraq and its official".
The spokesman said the Supreme Islamic Iraqi Council, Sheikh Humaid Maaleh in a statement to the Euphrates News Agency {} today that "Iraq has fulfilled its obligations imposed on it exclusively," and urged the government official and specifically that Iraq's reservation rights, especially his money. "
And the price of Sheikh Maaleh all efforts benevolent and kind that have been made in this direction from the efforts of the late Aziz {Abdul Aziz al-Hakim} and to last a negotiated Iraqi negotiated in this arena is difficult, thanking "the government and Foreign Minister Hoshyar Zebari and world powers that have stood by our side in this matter, especially countries permanent members of the UN Security Council and the United Nations. "
He added that "This day is a day Trichaa in the lives of the Iraqi people," noting that "Iraq today occupies his official who lets him play a positive role in the surrounding Arab and regional levels, a day represents an update of the sovereignty and the end of the era in which restricted Iraq and handcuffed his movement because of the policies Aladowneh of the regime of Saddam" .
And between Sheikh Maaleh that Iraq and its people endure all this wickedness and sins from behind the aggressive confrontational, which exceeded the brothers and brothers, and we hope to be called Iraq, his good in bringing security and stability which stems from their land in order to be helpful to its neighbors and the global ocean. "
The Security Council voted unanimously Thursday to remove Iraq from Chapter VII.
And so ended the international trusteeship on Iraq, which had been imposed during the dictatorial era of the dictatorial regime, especially after the invasion of Kuwait.
He said Iraq speech at the UN Security Council meeting on the tongue and Foreign Minister Hoshyar Zebari said that "the adoption of a UN Security Council resolution out of Iraq from the provisions of Chapter VII, it means fulfilled all its obligations under this section."
Zebari said that "we consider he باعتمادكم to this resolution, Iraq has met all obligations Almertpth it under Chapter VII."
He said, "This day will be a history of a landmark in the relationship between Iraq and the international community and indicates that the decisions of Chapter VII became part of the past and that this history will be kind of development in the relationship between Iraq and Kuwait and all the cons of the relationship between them has become one of the past because we will focus on the present and the future of our relationship with it. " ended 2
alforatnews.com
WOW!...Here is a report from 2008 that IMO reveals the Holy Grail so to speak. See the last paragraph and the bold black text. Here is the RV connection.
Political one: POLITICIANS l ((Sabah)): economic partnership agreement with the United States based on the axes International Covenant
16-6-2008
Refused to shackle the Iraqi economy and the imposition of recommendations on Baghdad
BAGHDAD - Al Sabah
Working stemmed Iraqi negotiator in talks with the American side on the economic partnership agreement multifaceted (Framework) of the four basic principles to reach an agreement, according to contribute to the development of various sectors of the Iraqi economy and achieve the desired benefits in the rehabilitation of infrastructure destroyed.
These moves coincide with negotiations convention security, especially after it was merging the two specialist team to negotiate one. A number of politicians in their statements of the "morning" warned against any possible link of the Iraqi economy, the economy of any foreign state and shackle restrictions hamper their freedom of investment and mask its financial resources of any country in the world, stressing the need to achieve a set of demands within the economic agreement with the United States . He said Sheikh Hamid milestone in the coalition unified leadership: that the Iraqi delegation negotiating principles and adheres to several basic principles through dialogue with the American side to reach the two security and economic interests that are being negotiated around. He identified the advertiser-Sheikh told the "morning" four basic principles that will focus upon the Iraqi delegation during the convention economic talks, notably to preserve the higher interests of the country and that economic cooperation with the United States, according to the laws in force in the country which includes the legalization movement of foreign investors in accordance with the legal investment and oil The gas, in addition to the Convention to enjoy transparent and should include legal and moral obligation by Washington, as well as the need to contribute to helping Iraq to build and upgrade their economies and benefit from the experiences TECHNOLOGICAL ADVICE in the rehabilitation of infrastructure. He pointed out that the Convention will launch the economic hubs of the underlying document International Covenant across the trend to privatize the economy and providing opportunities for participation and investment by providing an opportunity for foreign investors and with the participation of Iraqi actors, and revealed that the political council of national security in the face during a recent meeting, which discussed the developments of the conduct of talks and responses U.S. demands Iraq and examine ideas put forward, to unite to negotiate ad hoc Group on Security Agreement and the Convention negotiating team multifaceted team has one vision of an integrated and oversees the debates on the two conventions. Turn across from the Kurdistan Alliance MP Khalil protected his belief that the improved economic situation will stabilize and the improved security conditions and political conditions in the country, stressing the need to give any convention concluded priority in the rehabilitation of the infrastructure of the country and the recycling of the economic wheel, particularly since the Iraqi economy depends on income Oil and oil sector is neglected and suffers from a lot of problems do not match the capabilities of Iraq's oil, which occupies first place worldwide reserve up to more than 300 billion barrels, gas reserves in addition to 52 trillion cubic meters. The committee member in the House of Representatives economic importance of the Convention that opens the economic area to create employment opportunities and causes of economic growth and interest by the industry and give priority to addressing economic problems objectively and patriotic, as well as benefit from the experiences of the United States in the field of economy and scientific techniques AND TECHNOLOGICAL ADVICE to serve the country , Pointing out that "the development of existing and Iraqi funds frozen in international banks and termination of the compensation issue in Iraq as a result of past wars and the survival of Iraq under Chapter VII of the reasons that shackle the development of the country." Khalil refused to shackle the Iraqi economy and linking the economy of other countries in any future convention or a Conventions do not stem from the strategic economic and clear and specific, in addition to the lack of transparency is one of the raised red lines, indicating that the agreement with the U.S. economic aspects include scientific and Tknloger and development, where many items are conventions strategy necessary to take advantage of them through reading and discussion of focus, particularly And that marred some previous drafts to touch the faltering Iraqi sovereignty.
For his part, stressed deputy, Abdul Karim al consensus that negotiations had begun between Iraq and the United States on the partnership agreement, which will include aspects of economic, service, cultural and Tknloger, noting that the committee formed by the government and retaining specialized in these areas.
The Vice-Chairman of the Commission on Security and Defence in the House of Representatives that the economic aspect of the Convention must achieve an important issue concerning the need to exit from Iraq and liberates Chapter VII of the UN Trusteeship funds, which require guarantees and undertakings of the United States and the international community to remain immune to prosecution for money " False "submitted by the parties and international courts, explaining that he had been assigned to large public relations companies and law firms specialized study of the topic to break the ideal formula.
He explained that Iraq is a rich country can get its economy from all the economies in the world and if we were able to exit from the restrictions imposed on it (Iraq) to recover as soon as possible, stressing the need to ensure that any convention economic liberalization Iraqi links that hinder it, either In the area linked to foreign currencies or other, in addition to keeping Iraqi funds frozen in the countries of the world and the survival of immunity and freedom in Iraq, investment and the use of these funds in special projects.
http://www.alsabaah.com/paper.php?so...page&sid=64320
Hey Stew....Whats your opinion with this one? Scammer or delusional dreamer?
Well. I read that last paragraph and I saw absolutely nothing referring to a huge RV. Maybe Profit can point out exactly what he was talking about. Or what Kraperoni told him it meant.
He also still doesn’t understand that when people talk about “investing in Iraq”, they are not talking about speculating on the currency.
With all this great news of late. Iraq out of Chapter VII and Iranian elections… we see the dinar soared in value. It has soared in value to where it almost back to the CBI’s official value.
1200:1 Let's party!!
Hang in there....but it may hurt your feelings if something good and/or big happens with this toilet paper valued currency, while a new multi trillion dollar infrastructure is coming online with the world!...lol...