Iraq's Economic Freedom: Chapter VII Sanctions Lifted!

DINAR REVALUATION REPORT: Iraq Takes Control—Chapter VII Ends, 8 SEPT

 Iraq Takes Control—Chapter VII Ends

In a significant move that has garnered attention, Iraq is regaining full control of its currency and economy as of September 8, 2024. 1 Washington has ceased the automatic deductions from Iraqi oil revenues that were previously used to pay Kuwait, lifting a substantial financial burden on the country. 3

The cessation of these payments signifies the collapse of Chapter VII sanctions, which means Iraq now has true sovereignty over its resources and economy. 4The global shift in Iraq's economic landscape is happening right before our eyes. 5

Background on Chapter VII Sanctions

Chapter VII sanctions were initially imposed on Iraq by the United Nations Security Council (UNSC) following the Iraqi invasion of Kuwait on August 6, 1990. 1 

The sanctions largely remained in place until May 22, 2003, after Saddam Hussein's regime was overthrown, and continued to some extent, including reparations to Kuwait. 1

 The original intent of the sanctions was to compel Iraq to withdraw from Kuwait, pay reparations, and disclose and eliminate any weapons of mass destruction (WMD). 1

Iraq's Path to Sovereignty

The UNSC's decision to remove Iraq from Chapter VII sanctions on June 27, 2013, underscored the country's increased cooperation with its neighbors and marked the end of Saddam Hussein's legacy of aggression. 2 

This decision was based on Iraq's progress in addressing issues of missing Kuwaiti persons and property, which were then dealt with under Chapter VI of the U.N. Charter, promoting peaceful resolution of conflicts.  2

Impact on Iraq's Economy

Years of wars and economic sanctions had previously made the Iraqi monetary system vulnerable to international influences, rather than local necessities. 3However, with the end of Chapter VII sanctions, Iraq can now implement monetary policies that better align with its domestic needs and reduce dependency on external dictates. 3

New Iraqi Landscape

The renewal of Executive Order 13303 and the legacy of the Iraq War have shaped Iraq's future amidst regional and international power dynamics. 5 Iraq's sovereignty and economic control are now pivotal in navigating internal demands and external pressures. 5

Conclusion

Iraq's journey to regain control over its currency and economy marks a significant milestone in its history. With the end of Chapter VII sanctions, the country can now focus on strengthening its internal economic policies and asserting its sovereignty in the global arena.

Iraq Takes Control—Chapter VII Ends BY J ASSANGE, 8 SEPT

J ASSANGE

Iraq Takes Control—Chapter VII Ends

In a major move that has gone under the radar, Iraq is set to regain full control of its currency and economy. 

Washington has stopped the automatic deductions from Iraqi oil revenues used to pay Kuwait, lifting a huge financial burden on the country.

 The end of these payments signals the collapse of Chapter VII sanctions, meaning Iraq will now have true sovereignty over its resources and economy. The global shift is happening right before our eyes.

Courtesy: J Assange

DINAR REVALUATION HIGHLIGHTS!!: THE RV IS IMMINENT

DINAR REVALUATION REPORT: Sudani's Promise on RV Decision in 2024, 8 SEPT

 Sudani's Promise on RV Decision in 2024

As of September 7, 2024, discussions about Prime Minister Mohammed Shia' Al Sudani's decision regarding the revaluation (RV) of the Iraqi dinar remain prevalent. 1 Al Sudani's policies have significantly impacted the Iraqi economy, with measures to curb currency smuggling and stabilize the economy being at the forefront of his agenda. 1 These actions have reportedly led to increased government salaries and wages for retirees, and the launch of major development projects. 1

Economic Reforms and Public Perception

Al Sudani's implementation of US Federal Reserve policies aimed at preventing currency smuggling has been a pivotal point in his economic reforms. This has resulted in a reduction in the circulation of US dollars within Iraq and a subsequent increase in the value of the dollar. 1 Such measures have been both praised and criticized, with some factions within the Coordination Framework, an alliance of Shiite parties loyal to Iran, opposing his approach. 1

RV Speculations and Anticipation

Speculations about the RV of the Iraqi dinar have been a topic of discussion, with sources suggesting that the decision might be made this year. 2 However, there is a lack of concrete evidence to support these claims, and no official announcement has been made as of September 7, 2024. 2 Financial analysts and insiders have been monitoring the situation closely, with some expecting developments in the coming days. 2

Political Maneuvering and Elections

The political landscape in Iraq has been marked by maneuvering from the Coordination Framework, which seeks to call for early elections in 2024 or early 2025. 1 This strategy is designed to undermine Al Sudani's position by creating political and economic instability, with the aim of forcing him to step down and preventing his nomination in the upcoming elections.  1

Conclusion

As Prime Minister Mohammed Shia' Al Sudani navigates the complex dynamics of Iraqi politics and economics, the anticipation surrounding the RV of the Iraqi dinar continues to grow. While Al Sudani's policies have garnered support, the political opposition's strategies and the ongoing speculation about the RV's timing underscore the uncertainty and volatility in Iraq's financial future. 1

LATEST FROM BIRDIEORBUST FROM GINGER TELEGRAM ROOM, 8 SEPT

 💢The Liberty Loungers Extraordinaire were having an interesting conversation in chat regarding events pertaining to Iraq financial reforms; and we wanted to give it wings and let it fly. Good stuff here. 9.7.24 

💢Real Live Posts: I honestly do not believe the Iraqi people are going to want to wait until next year for a new rate (it's already been more than a year since they were promised it) - expect severe demonstrations, riots and even the downfall of Sudani's government if that is the case.  Alternatively it could just be deliberate misinformation!

💢 Birdieorbust: That is just it, Sudani has already promised them that "it's this year"; and he has not went back on any promises to them yet. Plus he knows if he doesn't file through them they will take to the streets and he does not want that.. He will come through this year for them.

💢HS Quan: Hmmm I will need to revisit this claim (Sudani’s promise) to decide if RV is still this year.

Did Sudani make the same promise in 2023!?? We were SO sure about it last year.

💢 Birdieorbust: No, he did not say it would be over in 2023. Some truthers - or so-called truthers - said that; but he did not. But he has since told them again this past week that it will be by the end of this year...

~ Ginger's Liberty Lounge 😇

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