Comment by Nathan Giffin Vertical Artisans on December 10, 2010 at 9:40pm

Update Report No. 4 Iraq 10 December 2010

Expected Council Action

The US (Council president in December) has scheduled a high profile meeting of the Council on Iraq on 15 December. US Vice President Joseph Biden is expected to chair the meeting. It was unclear at time of writing at what level other Council members would participate.

It seems that the rationale for this high-level event is to mark in a distinctive way the recent positive political progress in Iraq and in particular the completion of the complex interparty negotiations on government formation. Several Iraq issues were previously scheduled on the calendar for the Council in the month of December, and the US has taken the opportunity to consolidate discussion of some of these issues and to focus Council attention on Iraq and move forward with the termination of some of the Saddam era Chapter VII obligations imposed on Iraq.

Several decisions are possible from the high-level meeting, including a presidential statement on Iraq’s political progress and possibly as many as three resolutions removing some of the Chapter VII restrictions imposed on Iraq. It is unclear whether the Council meeting will also address residual issues such as the still unimplemented obligations of Iraq to Kuwait.

We already know Kuwait issues are slated for the 17th

Comment by Nathan Giffin Vertical Artisans on December 10, 2010 at 10:32pm

Here is the Iraqi Constitution

Comment by Nathan Giffin Vertical Artisans on December 11, 2010 at 11:49pm

I think we are very close...this may be the last chance for many of you to acquire Iraqi Dinar.  Please do, I really believe you will not regret it.

Comment by Tim Meger on December 13, 2010 at 6:48pm

hello Nathan and anyone else here!

While delving into more information on the iraq redenomination I came across the following statement posted on xe.com

"By the end of 2010, they intend to drop three zeros from the nominal value of bank notes. It should be noted that the actual value of the dinar will remain unchanged. That means that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) will both be worth the same amount in US Dollars"

 

That info was posted here;

http://www.xe.com/currency/iqd-iraqi-dinar

 

So in this case that they remove the zeroes, that only means the zeroes are gone but will not actually change the value against the American dollar.

So what has to happen in order for the value to actually increase?

Comment by Nathan Giffin Vertical Artisans on December 13, 2010 at 10:38pm

UNSC MEETING ON THE 15th of this month

 

We are in hopes that this is the release of Chapter 7

 

December 17th Kuwait and Iraq have a private meeting signing the resolutions between the two countries.

 

Upon release of Chapter 7 the CBI will be given 72 hours to post the new R/V rate as there will be no restriction or sanctions against Iraq thus their Dinar will be recognized around the world.  It can not remain at its current artificial value.  It must resignate the value of its countries reserves.

 

 

Comment by Nathan Giffin Vertical Artisans on December 14, 2010 at 1:49pm

BH Online Conference call

 

Please listen in and grasp a better understanding

Comment by Nathan Giffin Vertical Artisans on December 15, 2010 at 12:59pm

Todays events

 

Here’s specifically what was lifted:

• Draft Resolution #1 – S/2010/632 Passed w/ 15 votes
• Draft Resoution #2 – S/2010633 Passed w/ 15 votes
• Draft Resolution #3 – S/2010636 – Passed w/ 14 votes (1 vote abstained)
• Terminates Oil for Food Program
• Ends DFI Effective – June 30, 2011
• Lifts restrictions on weapons of mass destruction

Items Iraq must STILL accomplish to have ALL of Chapter 7 Lifted:

• Sons of Iraq inclusion
• Kuridsh Forces integrated into Nation’s security and military forces
• 2011 Budget passed and balanced
• Census completion
• Find missing persons for Kuwait
• Work with Kuwait to establish land and maritime boundaries

Comment by Nathan Giffin Vertical Artisans on December 15, 2010 at 10:28pm

This was also interesting.

Comment by Chris on December 15, 2010 at 11:19pm

Hi Nathan and others!! I just joined this group because i forgot to when i became a member to VA, I have looked into this dinar issue and cant see  the negative!! I thank Nathan for bringing this to attention, there is truly an opportunity that has knocked and hopefully time to still participate!!!!!

Comment by Gabe Polanik on December 16, 2010 at 8:47am

Nathan, What site have you purchased the IQD?

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