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End of Iraq”s Chapter VII status soon – FM Zebari

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tlm724

tlm724
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If Iraq decided to pay the remaining amount in one batch, it will immediately get out completely from Chapter VII,” “But if it decides to pay the sum according to the currently applied annual deduction, the sum will be fully repaid by the end of 2015.”


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Shredd

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tlm724 wrote:If Iraq decided to pay the remaining amount in one batch, it will immediately get out completely from Chapter VII,” “But if it decides to pay the sum according to the currently applied annual deduction, the sum will be fully repaid by the end of 2015.”

With all other items being moved out of VII, my opinion is if by the July UN meeting Iraq has not paid the remaining 11bn, then their decision is to continue with the annual payments. Prepaying this remaining amount would have to be more beneficial to Iraq than keeping those funds in reserve (less the payments) for the next 2.5 years. I remind myself that the progress of the monetary policy changes do not seem to be tied to satisfaction of the remaining items (now down to the one) so that is good!


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dezertheat

dezertheat
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lets hope and pray they do this before then...
Cool

chiara


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I think I missed something---Does the manner in which they pay --lump sum or in payments-- affect the RV?

Shredd

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chiara wrote:I think I missed something---Does the manner in which they pay --lump sum or in payments-- affect the RV?

Nope, just whether or not they come out of Chapter VII fully.


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chiara


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Shredd wrote:
chiara wrote:I think I missed something---Does the manner in which they pay --lump sum or in payments-- affect the RV?

Nope, just whether or not they come out of Chapter VII fully.


Thanks!!

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