No Chap 7 lifting until June 2012

[stroyble]

http://www.aknews.com/ar/aknews/2/279422/

Baghdad, 20 December / December (Rn) – The Central Bank of Iraq, Tuesday, that the U.S. withdrawal from Iraq will support Iraq’s economy and will contribute to opening up to international banks as it is the exit gate of the seventh item in the final month of June next.

The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the economic situation in Iraq will become a focal point for investors after the U.S. withdrawal because Iraq has become a country of peace and not a country for the war as was the presence of U.S. forces.”

Saleh pointed out that “the withdrawal of U.S. troops out of Iraq will facilitate the procedures of the effects of the seventh item is a final addition to the protection of his money in full.”

The UN Security Council has decided the middle of last January a unanimous vote on three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and repealed the Oil for Food Programme, as extended immunity for damages that were imposed under Chapter VII until the end of June next year.

Saleh added that “investment companies will have a greater role in the implementation of investment projects in addition to opening up Iraq’s banking world banks.”

The Ministry of Planning earlier that the withdrawal of U.S. troops from the country will contribute to attracting international companies and the adoption of the budget next year, and that “the exit of the occupiers will support the budget in 2012 in the implementation of investment projects.”

He underwent attributable Iraq after Kuwait during the reign of former Iraqi President Saddam Hussein in 1990 for a series of United Nations action included to prevent the import of chemicals and nuclear technology that could be used in the programs of secret nuclear, chemical and biological weapons.

And allowed the United Nations in 1996 for Iraq, according to Resolution 986, to sell oil in return for food program, a so-called “oil for lunch.”

No chap 7 release till June 2012? Any thoughts on this-or more smoke and mirrors from Saleh?

[Goeers]

Reads to me like it's a year old.

[bluejay]

I don't know, but let's face it they need more then just food to survive, so I think it's a point but not what's going to happen...Just my opinion though. And June is not that far off. I think we have heard every reason why they will delay, my big concern is that there are 2 left and what will happen when they have been resolved.

[LDJ]

http://www.aknews.co...knews/2/279422/

Baghdad, 20 December / December (Rn) – The Central Bank of Iraq, Tuesday, that the U.S. withdrawal from Iraq will support Iraq’s economy and will contribute to opening up to international banks as it is the exit gate of the seventh item in the final month of June next.

The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the economic situation in Iraq will become a focal point for investors after the U.S. withdrawal because Iraq has become a country of peace and not a country for the war as was the presence of U.S. forces.”

Saleh pointed out that “the withdrawal of U.S. troops out of Iraq will facilitate the procedures of the effects of the seventh item is a final addition to the protection of his money in full.”

The UN Security Council has decided the middle of last January a unanimous vote on three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and repealed the Oil for Food Programme, as extended immunity for damages that were imposed under Chapter VII until the end of June next year.

Saleh added that “investment companies will have a greater role in the implementation of investment projects in addition to opening up Iraq’s banking world banks.”

The Ministry of Planning earlier that the withdrawal of U.S. troops from the country will contribute to attracting international companies and the adoption of the budget next year, and that “the exit of the occupiers will support the budget in 2012 in the implementation of investment projects.”

He underwent attributable Iraq after Kuwait during the reign of former Iraqi President Saddam Hussein in 1990 for a series of United Nations action included to prevent the import of chemicals and nuclear technology that could be used in the programs of secret nuclear, chemical and biological weapons.

And allowed the United Nations in 1996 for Iraq, according to Resolution 986, to sell oil in return for food program, a so-called “oil for lunch.”

No chap 7 release till June 2012? Any thoughts on this-or more smoke and mirrors from Saleh?

I have thought since the whole Chap 7 issue came up this past week that we are in for a 6 month wait.

[fox]

http://www.aknews.com/ar/aknews/2/279422/

The UN Security Council has decided the middle of last January a unanimous vote on three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and repealed the Oil for Food Programme, as extended immunity for damages that were imposed under Chapter VII until the end of June next year.

If this translation is correct, then what is extended is the Immunity for damages, not Chapter VII itself. JMO

[enjoywealth]

Well think about it from the UN point of view and the international investment community point of view. The international community and the UN would want to test the waters in Iraq now that the allied forces have left. Is Iraq really capable of defending their borders against Iran and Syria? Can they contain the fledgling insurgency that is still going on? Can they work out their differences with Kuwait (watch how Maliki is doing his best to be pals with Kuwait these days)? Can they really become the icon of the Middle East that we all think they should be? Essentially the UN would be looking long and hard at Iraq as an independent country who can take care of their backyard and the home. The Iraqi people need this lifted for thier own sake, the common man on the street is living in dire poverty (if I read the news right) - so they will do everything to prove to the UN and the international community that they are all that we want them to be. Think about it - you have a Ferrari in your garage for sure, but can you really fire the ignition and read the guages on the dashboard, before you can roll off?

So my humble read on this is that 6 month waiting period to lift Chapter 7 from Iraq - more like a probation period by the UN, is probably warranted and fair. Let's leverage this season to keep Iraq in our prayers and look for the gold in what's going on. I know we are all ready for the favorable rate RV without the LOP and all, but give it time. This RV will happen - all signs so far are all aligned in the proper direction. We've got to be patient because quite honestly there's nothing we can do to infuence the decision or force their hands, except sending positive energy towards the Iraqi people. Just don't get desperate folks - desperation implies you are not sure of what you want to happen. Do your best to remain positive, knowing you are going to be rolling in cash very soon.

We want them to succeed because, being a little selfish here, our forthcoming financial abundance is dependent on their success. Even after the RV, we need to remain thankful and grateful to them and to our patience and perseverence to hang in there with them all the way through. We are out of there from a military perspective, but folks, we DVs need to continue to be there with them with all our good wishes for the Iraqi people.

Greetings of the season, Everyone - you guys are just fantastic. Special thanks to Adam for bringing us together ...

[Stryker365]

fox, that is how I read it too, until we get something from the UN to stick our hat on we are in the dark..