muydinar Posted December 15, 2010 Report Share Posted December 15, 2010 I perceived it as all major sanctions lifted, DFI expires June 2011. Iraq is now a free nation as it was prior to 1990. Iraq will continue political negotiations with Kuwait to resolve issues created by Saddam's regime. Great day for Iraq! 1 Link to comment Share on other sites More sharing options...
KeithZ Posted December 15, 2010 Report Share Posted December 15, 2010 Not all chapter 7 was lifted the most important one is still in place. Trade embargo, Iraq is still not free to trade Hopefuly this will be on the 17th The Trade Embargoe was part of the Chapt 7 ....WMD http://www.monstersandcritics.com/news/middleeast/news/article_1605929.php/UN-Security-Council-rescinds-major-resolutions-on-Iraq Link to comment Share on other sites More sharing options...
leola Posted December 15, 2010 Report Share Posted December 15, 2010 They are extending the protection of the DFI (development fund for iraq) until june 2011, this is a good thing. protects iraq from claims on there money being held for development for six more months.It will help to give iraq time for thier gov to settle in and possibly move ahead on other fronts (RV ?). Link to comment Share on other sites More sharing options...
Mammaw Posted December 15, 2010 Report Share Posted December 15, 2010 Now don't hesitate to let me know if I have this wrong...but, Ok, as I was listening, I came to understand that June 30th the sanctions on the oil and gas, food for oil, and their weapons is the date for final release. But there wasn't anything saying the ISX can't go International, and the purchasing in the ForEx can still happen with a 6 month option, driving it up. But Iraq has to release it to the ForEx. The speaker for Iraq indicates that they are CLOSE, VERY CLOSE to seating the GOI. And haven't we said all along that the seating of the GOI was the ONLY thing holding the RV up? I read that Thursday is a Holiday in Iraq, another one. So we know no RV for tomorrow. And today it is already about 9pm there, so don't see it happening today. Don't think it will be June either. But, never the less, this has been a historic day. One to remember! One step closer! 1 Link to comment Share on other sites More sharing options...
DmsC Posted December 15, 2010 Report Share Posted December 15, 2010 The removal of oil for food is what was holding the free trade. That was lifted today. So how are they not now able to have free trade? Link to comment Share on other sites More sharing options...
Stefanie Posted December 15, 2010 Report Share Posted December 15, 2010 http://news.yahoo.com/s/ap/20101215/ap_on_re_us/un_un_iraq 1 Link to comment Share on other sites More sharing options...
DmsC Posted December 15, 2010 Report Share Posted December 15, 2010 (edited) Now don't hesitate to let me know if I have this wrong...but, Ok, as I was listening, I came to understand that June 30th the sanctions on the oil and gas, food for oil, and their weapons is the date for final release. But there wasn't anything saying the ISX can't go International, and the purchasing in the ForEx can still happen with a 6 month option, driving it up. But Iraq has to release it to the ForEx. The speaker for Iraq indicates that they are CLOSE, VERY CLOSE to seating the GOI. And haven't we said all along that the seating of the GOI was the ONLY thing holding the RV up? I read that Thursday is a Holiday in Iraq, another one. So we know no RV for tomorrow. And today it is already about 9pm there, so don't see it happening today. Don't think it will be June either. But, never the less, this has been a historic day. One to remember! One step closer! Iraq's Foreign Minister Hoshyar Zebari said Wednesday's meeting of the Security Council was "a historic session" since it ends an international embargo imposed on Iraq because of the wars started by Saddam's regime. Edited December 15, 2010 by DmsC 1 Link to comment Share on other sites More sharing options...
legacyman73 Posted December 15, 2010 Author Report Share Posted December 15, 2010 (edited) The Iraq-Kuwait Meeting scheduled for December 17th will take place in the afternoon and is a closed door session. WE MIGHT SEE AN RV THIS WEEKEND? DON'T GO OUT AND BUY ANYMORE BECAUSE I'M NOT TELLING YOU IT'S GOING TO RV THIS WEEKEND, IT MIGHT. GO RV!!! Edited December 15, 2010 by legacyman73 3 Link to comment Share on other sites More sharing options...
Dinar494 Posted December 15, 2010 Report Share Posted December 15, 2010 For your edification... http://daccess-dds-ny.un.org/doc/RESOLUTION/GEN/NR0/575/11/IMG/NR057511.pdf?OpenElement UN resolution 661 - This is the resolution being discussed by the security council and where the Chapter VII sanctions come from. Link to comment Share on other sites More sharing options...
marcuscurtis Posted December 15, 2010 Report Share Posted December 15, 2010 Watching it live dudes.. Joe Biden is talking.. I would rather take someones word for it. I really don't want to listen to that guy speak 1 Link to comment Share on other sites More sharing options...
FuzzyUzzy Posted December 15, 2010 Report Share Posted December 15, 2010 Geesh...so much for a quick vote. Biden wont shut up. Lol, Bosnia took longer i think. Link to comment Share on other sites More sharing options...
legacyman73 Posted December 15, 2010 Author Report Share Posted December 15, 2010 Lol, Bosnia took longer i think. lol They have to go through all 15 country's with all their comments. Could take awhile.. Link to comment Share on other sites More sharing options...
keepmwlknfny Posted December 15, 2010 Report Share Posted December 15, 2010 From what I just read the DFI was terminated....food for oil was terminated....and the trade embargo......unless that news site is completely retarded and made it all up Link to comment Share on other sites More sharing options...
Heli Pilot Posted December 15, 2010 Report Share Posted December 15, 2010 From what I just read the DFI was terminated....food for oil was terminated....and the trade embargo......unless that news site is completely retarded and made it all up That article was incorrect about the DFI. The DFI was extended until 6/30/2011. Everything else was accurate. Link to comment Share on other sites More sharing options...
legacyman73 Posted December 15, 2010 Author Report Share Posted December 15, 2010 The Development Fund for Iraq (DFI), which administers proceeds from oil exports. Just for the people that didn't know. 1 Link to comment Share on other sites More sharing options...
keepmwlknfny Posted December 15, 2010 Report Share Posted December 15, 2010 That article was incorrect about the DFI. The DFI was extended until 6/30/2011. Everything else was accurate. Thanks for clearing that up.....well the major sanctions have been lifted and they can freely trade with anyone now which is what we needed for the dinar to be open for all currency markets....the meeting on the 17th should wrap things up with Kuwait and everyone should be happy.....now to just wait for the govt to be officially announced and we can tell the operator to bring this ride to a stop!! 5 Link to comment Share on other sites More sharing options...
cbs71 Posted December 15, 2010 Report Share Posted December 15, 2010 Thanks for clearing that up.....well the major sanctions have been lifted and they can freely trade with anyone now which is what we needed for the dinar to be open for all currency markets....the meeting on the 17th should wrap things up with Kuwait and everyone should be happy.....now to just wait for the govt to be officially announced and we can tell the operator to bring this ride to a stop!! Correct!!! Listen, in my opinion...everthing is done. They are going through the formalities right now. If Iraq can import and export goods, then how can they do this without an RV? This is just one example....I could go on and on!!!!!! RV will come like a thief in the night!!! Trust me! No warnings what so ever.. Link to comment Share on other sites More sharing options...
marknet73 Posted December 15, 2010 Report Share Posted December 15, 2010 Looking really good guys. This is a BIG hurdle we're past. They can still drag it out a while but I think we're fastly approaching the end of this long ride. Very good week so far... Link to comment Share on other sites More sharing options...
legacyman73 Posted December 15, 2010 Author Report Share Posted December 15, 2010 LOL the CBI banker didn't want to talk to the reporters.. Did anyone see that? Link to comment Share on other sites More sharing options...
marknet73 Posted December 15, 2010 Report Share Posted December 15, 2010 Looking really good guys. This is a BIG hurdle we're past. They can still drag it out a while but I think we're fastly approaching the end of this long ride. Very good week so far... Link to comment Share on other sites More sharing options...
Drhebel Posted December 15, 2010 Report Share Posted December 15, 2010 ALL CHAPTER 7 SANCTIONS LIFTED. You gotta hand it to the GOI, they got it done all on the basis of A TOILET PAPER CURRENCY. I believe they will be dancing in the streets tonight.....thumbing their noses at all of us who wait for an RV. 3 Restrictions were lifted, not ALL Link to comment Share on other sites More sharing options...
cgbrown Posted December 15, 2010 Report Share Posted December 15, 2010 Hasn't it been discussed on here by Sonny1, Scooter, Phoenix or one of those most logical1 s that bfore the Rv is to be announced they would need to closed the banks for 3 days to do a final inventory and then re-open for business. Well we have one of those 3 days coming up : this Thursday, Friday, and Saturday. for one of their legal holidays or religious celebrations. So this could deffinately be the weekend that the Rv. could occur. Plus the final meetings of the UNSC will be over by the end of the 17th and any other sanctions could well be lifted in the next couple of days. Correct me if i am wrong. 3 Link to comment Share on other sites More sharing options...
legacyman73 Posted December 15, 2010 Author Report Share Posted December 15, 2010 (edited) Hasn't it been discussed on here by Sonny1, Scooter, Phoenix or one of those most logical1 s that bfore the Rv is to be announced they would need to closed the banks for 3 days to do a final inventory and then re-open for business. Well we have one of those 3 days coming up : this Thursday, Friday, and Saturday. for one of their legal holidays or religious celebrations. So this could deffinately be the weekend that the Rv. could occur. Plus the final meetings of the UNSC will be over by the end of the 17th and any other sanctions could well be lifted in the next couple of days. Correct me if i am wrong. The Iraq-Kuwait Meeting scheduled for December 17th will take place in the afternoon and is a closed door session. WE MIGHT SEE AN RV THIS WEEKEND? DON'T GO OUT AND BUY ANYMORE BECAUSE I'M NOT TELLING YOU IT'S GOING TO RV THIS WEEKEND, IT MIGHT. GO RV!!! Edited December 15, 2010 by legacyman73 Link to comment Share on other sites More sharing options...
el carro Posted December 15, 2010 Report Share Posted December 15, 2010 Thanks for clearing that up.....well the major sanctions have been lifted and they can freely trade with anyone now which is what we needed for the dinar to be open for all currency markets....the meeting on the 17th should wrap things up with Kuwait and everyone should be happy.....now to just wait for the govt to be officially announced and we can tell the operator to bring this ride to a stop!! Thanks keepm, I was wondering how it effected the IQD. Let's keep our fingers crossed. Link to comment Share on other sites More sharing options...
mattevan Posted December 15, 2010 Report Share Posted December 15, 2010 Time to CRANK IT UP IRAQ.....Let's not pull a "China" and keep it low....Lets bust out with a 4+ and show the world who is Rich!!!!!!..........YEEEEHAAAAAAA Link to comment Share on other sites More sharing options...
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