Central Bank calls for serious action government to get out of Chapter VII

[Rogue Knight]

Central Bank calls for serious action government to get out of Chapter VII

Date: Mon 01/16/2012 6:40

□ بغداد/ المدى □ Baghdad / term

Meanwhile, deputy governor of the Central Bank of the appearance of Mohammed for the government to take action at the international level to raise the country from Chapter VII in order to create the right climate for the entry of major global companies.

Saleh said (of the Agency news): The exit of Iraq from Chapter VII is essential for the transfer of foreign expertise and modern technological in various economic fields, the fact that Iraq needs a network of international contractors for the implementation of investment projects.

He added that local contractors are not people with extensive experience, which led to a delay in the implementation of many investment projects in the country, explaining that the rate of implementation of projects per year (30%) due to lack of experience and not to transfer modern technology to Iraq.

He continued that the foreign companies, international contractors are also reluctant to enter Iraq because it is still under Chapter VII with a bad reputation on people imposed on it. He explained that Chapter VII allows the use of force and economic sanctions on countries that infringe on the world peace, and that the international community Mibrh believed that Iraq was an aggressor to world peace. And that the Iraqi government should work hard to reassure the international community that the country is safe and does not need to use force against him, after the departure of U.S. troops.

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[lotsofdinar]

Chapter VII? The right climate to attract foreign contractors would be one where people and facilities are not being blown up by the dozens every day. I think Chapter VII is the least of Iraq's problems in attracting foreign contractors.

Edited January 16, 2012 by lotsofdinar

[babyorca]

No friggin way, keep dangling that RV carrot int'l world. There's no friggin way your currency is 1170/1USD with all the DFI funds plus other hidden income and monies held in banks for years some estimate up to 300 billion USD and your waving that dirty float of a currency. Show the value in that currency and maybe you'll get CHP 7 release. Release that chapter 7 and watch them pull back on the RV button, this gov't cannot be trusted too sneaky and caniving. They want to keep their citizens in poverty so they can control them. They wanted the US troops out so they can start their brainwashing dictatorship, keep them honest and don't release the hounds so they can do all the back door deals with the other countries with who knows what evil intentions.