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Economist: remove Iraq from Chapter VII of movement will activate the banking and economic development

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gente


Economist: remove Iraq from Chapter VII of movement will activate the banking and economic development


Called economic expert Qasim Khazraji the Iraqi government to the need to move towards international economic forces to work to remove Iraq from Chapter VII of the large raised by the development of the local economy.


Khazraji said to the reporter (agency news) on Saturday: the limitations of Section VII with a lot of negative aspects of the Iraqi economy and development, noting: they limit the financial transactions between banks in Iraq, whether governmental or private and international banks.


The CHIEF OF STAFF: The seventh item on the volume of treated Iraqi banks at home exclusively, indicating: that the local private sector, he can not import technologies and equipment developed through local banks, because they can not open the funds in international banks, he said, is that most of the banks states Jawaralohlih them and with the financial means Ltd. can deal with large global Bock, at the time you find our financial sector Baidaan global counterpart.


The seventh item, mark all the international banks that they had no deal with the financial sector of Iraq, and thus entered the field of domestic banks spiral international isolation.

windreader1


gente wrote:Economist: remove Iraq from Chapter VII of movement will activate the banking and economic development


Called economic expert Qasim Khazraji the Iraqi government to the need to move towards international economic forces to work to remove Iraq from Chapter VII of the large raised by the development of the local economy.


Khazraji said to the reporter (agency news) on Saturday: the limitations of Section VII with a lot of negative aspects of the Iraqi economy and development, noting: they limit the financial transactions between banks in Iraq, whether governmental or private and international banks.


The CHIEF OF STAFF: The seventh item on the volume of treated Iraqi banks at home exclusively, indicating: that the local private sector, he can not import technologies and equipment developed through local banks, because they can not open the funds in international banks, he said, is that most of the banks states Jawaralohlih them and with the financial means Ltd. can deal with large global Bock, at the time you find our financial sector Baidaan global counterpart.


The seventh item, mark all the international banks that they had no deal with the financial sector of Iraq, and thus entered the field of domestic banks spiral international isolation.

Now isn't this interesting. There is absolutely nothing in any of the UN documents that I have read that would limit interbanking financial transactions. What has hindered the Iraq banking community is that they have had to come from the dark ages into the modern era in a matter of a few years. The IMF and World Bank have dumped millions of dollars into Iraq to develop their bank systems. I don't see that any of that has been limited by Chapter VII. Matter of fact, the only legal limitation is coming from the IMF, as Iraq is still under Article XIV regarding currency movement. Maybe if there money had more value, that would help solve the problem, you think?

gente


thx for clearing that up Wind..appreciate your insights!

Panhead


Admin
thnx Wind....for the insight and Gente for the post.

gente


THE ONLY IRAQI SMART ENOUGH TO GET IT:


http://ipairaq.com/index.php?name=inner&t=politics&id=46982


Iraq: no to Iraq from Chapter VII means the stay of the US hegemony despite the withdrawal of its forces


2011-12-05 09:38:38


Baghdad (IBA) ... said the Iraqi list advisor hani ashour, any agreement signed by the Iraqi government with the United States on military cooperation and instructors or US forces in Iraq, I mean, that Iraq does not have a national sovereignty unless they were getting out of Chapter VII of the charter.

عاشورفي Said a statement received by the independent press (IBA) a copy of it, that the Iraqi government when it signed security agreement in 2008, which has been identified in the date of withdrawal by the end of this year, had said at the time that the signing of the agreement aims to bring Iraq under Chapter VII, but this did not happen.

Ashour added that the departure of US forces from Iraq does not mean the return of full sovereignty to Iraq as long as the country will remain subject to Chapter VII.

Ashour called on the Iraqi government to not to sign any agreement during any negotiations مقبلةمع the US side did not pledge and commitment to bring Iraq under Chapter VII during a specified period of time, in order to achieve the fulfilment of the commitments between the two countries.

He clarified that the security agreement between Iraq and the United States, which is the withdrawal in the light of the Convention on the strategic framework for cooperation has not been full implementation of its items, and the Iraqi government has to reveal all the facts of its people ahead of any new agreement with the United States on the military cooperation and put Iraqi forces after the withdrawal and to commit the US side to bring Iraq under Chapter VII of the charter.

The United Nations has Iraq under threat of the seventh article of the former regime, the lack of commitment to the implementation of the UN resolutions by invading Kuwait in 1990. (Finally)/gc/.

MrsCK


Ashour added that the departure of US forces from Iraq does not
mean the return of full sovereignty to Iraq as long as the country will
remain subject to Chapter VII.

DUH!!!!!!!!!!!!!!! thank goodness!!! someone gets it...NO SOVEREIGNTY until Chap 7 is gone.

gente


Since Wind sees nothing in CH7 regarding their banking or currency, this is a pretty moot point towards an RV, wouldn't it seem?

windreader1


Chapter VII has never stopped a change in value of the dinar. From about 2004 to I think 2009 the value of the dinar slowly increased. It may have only been a pip or two but it did change. I have never bought into some of the guru theories that the RV was dependent on removing Chapter VII. If anything I think it is an ace in the hole for Iraq to use to get what they want.

gente


windreader1 wrote:Chapter VII has never stopped a change in value of the dinar. From about 2004 to I think 2009 the value of the dinar slowly increased. It may have only been a pip or two but it did change. I have never bought into some of the guru theories that the RV was dependent on removing Chapter VII. If anything I think it is an ace in the hole for Iraq to use to get what they want.

looks like ya nailed it Wind, It seems they are using that "ace" right now, see the bold in this article:

http://dinaroutcast.forumotion.com/t9016-ashour-iraq-government-must-bind-us-to-annul-chapter-vii-sanctions-before-withdrawal#20114

Panhead


Admin
outstanding point Wind....I do recall it changed several times early in the investment,it just never dawned on me that Chapter 7 couldn't
play into a value change until you made light of it.

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