6-23-2013 *Kaperoni

[Vixen]

6-23-2013 *Kaperoni ~Article & quote: "4 days separating Iraq from the disposal of Chapter VII" "on the 27th of June, a schedule that vote the UN Security Council to remove Iraq from Chapter VII "national day" for Iraqis." We have always stated, when they get out of UN Chapter VII, it will be a huge event. And in Iraq they will party on the streets. This would never happen quietly. What is the significance of releasing them from UN Chapter VII? As I have stated in the past, technically, UN Chapter VII is a series of resolutions imposed on a country. And the resolutions vary depending on the act. In the case of Iraq, all of the resolutions that pertained to banking, investment, etc. had been removed in December 2010. All that remained was resolutions that pertained to Kuwait such as waterways, borders, artifacts, bodies, and payment. So technically, Iraq has been free to engage with the global community since Dec, 2010. Shabibi knew that and pushed forward his monetary policy only to be stopped by Maliki on two instances. That being said, UN Chapter VII carries a "stigma" with it. That you are under sanctions, and do not do business with until these sanctions are removed. Apparently, Iraq feels that attitude globally exists. Therefore, we are seeing article after article talking about the benefits of the full release of UN Chapter VII. And certainly, there may be some truth to it, but I would say any global "attitude" is more the result of Iraq's doing (lack of stability, bombings, political disagreements, etc.) then the UN Chapter VII issue.Personally, if this release motivates Iraq to do what is right, to move forward with the economy, raise the value of the dinar, etc. I am all for it. So it is all good news. Do they have to RV before the can get out of Chapter VII? No. There is nothing that I have ever found that says this. I have researched and looked for a connection with the UN and the IMF and all I can find is the following...The only connection I see is the relationship with the IMF under the UN. The UN Charter specifically stated members must follow the UN Charter. And the IMF and World Bank are part of the UN. Therefore, they are obligated to follow the charter as well of the IMF and WB.