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Legal representative: Override Chapter VII will enable Iraq to restore international put

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Shredd

Shredd
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It's largely impossible for us to fully appreciate (YET!!!) how huge this Thursday will be for Iraq "...returning Iraqi will his wealth and his absolute right to act." We will soon see what Iraq is going to do with their wealth and development.


"The withdrawal of Iraq from Chapter VII sign of hope to open new horizons in dealing with the countries of the world in the areas of development and investment." This removal will give the world a thumbs up to now come in to participate in the development of Iraq and of course investment at all levels. Never again will Iraq be the same past this Thursday. All of this will push the reality of the Dinar being Iraq's representative currency to fruition. 


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jeepguy

jeepguy
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man!! back to what it was before 1993 ?  these idea`s going through my head with this information Shocked   good lord  do they really mean above 3.oo dinar? and going to be international vested???   I gotta admit ---- the suspense is at the most I have seen in at least 2 years ,,,  question too fellow members --- was the value at that same time { saddam dinar was 3.oo per ? but was not international ?? also were there international trading in the area?  all this speculation of what and when has me puzzled
.... I just gotta believe , that Iraq will in fact put dinar above the ratio of a dollar and will be international!!  but I got this nagging feeling about it .   here`s too a bright july re-value over 1 dollar per

Shredd

Shredd
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CO-ADMINISTRATOR

Jeep, the context here is not implicitly the currency. This removal of Chapter VII is historic and some day, well down the road, the dinar will be as strong and likely stronger than i ever has been. The context here is the status of the country, coming out from UN sanctions for the first time in 20 years! The dinar exchange rate is in no way connected directly to Chap 7.


_________________
"Do not wear yourself out to get rich" - Proverbs 23:4

Reflection


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The way I understand it, ch. 7 release won't be the RV. What ch. 7 will do though is open the doors for Iraq to grow and stand on their own. This will attract international investors. They seem to be wanting to reform their monitory policies. With as much international activity going into Iraq along with economic reform, seems the value has to grow. Where it lands, nobody knows.

I, as well as everyone else, would LOVE to see it all happen in the snap of a finger July 1st. I just don't see it happening that fast. After June 27, it'll be interesting to see what happens in the news.

vaquero


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MEMBER

This will be like the gold rush in California. Nations, companies are and have been waiting for this it will happen so fast we better not blink this is going to happen quicker than what we think. Yes currency will go up too. Starting July it is in fast forward. We will not remember how long the wait it has been. The only thing  I see is how long will we have to exchange our dinar and gain the most of the exchange as for those who have moneies in Iraq will only wait and gain.Laughing

Shredd

Shredd
CO-ADMINISTRATOR
CO-ADMINISTRATOR

vaquero wrote:This will be like the gold rush in California. Nations, companies are and have been waiting for this it will happen so fast we better not blink this is going to happen quicker than what we think. Yes currency will go up too. Starting July it is in fast forward. We will not remember how long the wait it has been. The only thing  I see is how long will we have to exchange our dinar and gain the most of the exchange as for those who have moneies in Iraq will only wait and gain.Laughing


Yes, uncharted territory indeed.....very exciting to finally see this unfold!


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"Do not wear yourself out to get rich" - Proverbs 23:4

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