SCOOTER POST: IRAQI WITHDRAWAL AGREEMENT AND SOVEREIGNTY

Hi Folks,


I hope this finds you well. Tonight I want to broach a topic which has caused great confusion within the Dinar community.  In essence, the ultimate question in regards to Iraq has to be ARE THEY A SOVEREIGN NATION WHEN UNDER THE CHAPTER 7 UMBRELLA?


Here's some items to consider as this is truly a grey area when considering the RV.

• WITHDRAWAL AGREEMENT:  The Withdrawal Agreement signed between the United States and Iraq clearly indicates the US will push for Iraq's exit from Chapter 7.  Technically, when the United States departs from the country, the Iraqi's are a completely SOVEREIGN country.

• IMF COUNTRY REPORTS:  The IMF Executive Directors underpinned the structural changes so that regardless of who was elected into office from the last election, the process to reform Iraq's banking and monetary policies wouldn't be disrupted.  Iraq has fulfilled a large portion of those requirements and the final move would be the Revaluation of the the two major government banks, Rafadain and Rasheed.  The CPI has been restructured and has been waiting in the wings to be engaged throughout the country.  Remember, the IMF has 85% voting rights to determine the PAR value each member countries currency. The country could Revalue the currency without IMF approval, but life would be very difficult for that country if the IMF disapproves of that move.  Trade and WTO membership would be virtually impossible.

• VP BIDEN: The Vice President clearly refers to Iraq as a Sovereign nation and we know the troops will all be departed from the country, with the exception of the a few advisers which will work under the State Departments umbrella.

• CHAPTER VII: Technically, they are still under Chapter VII, largely because the Kuwaitis haven't budged in their position or are playing "hardball" and want more cash compensation from the damage done from the Iraqi invasion.  All other items appear to be satisfied except that one Kuwaiti issue. One thing is clear by the statements below, the issue is not resolved.

With that said, can Iraq ReValue their currency if still under the Chapter VII umbrella?  I don't know the answer to that question but I do know that ANYTHING CAN HAPPEN, particularly with the United States "driving the car."  If the United States truly wanted this currency to ReValue, they could make it happen, particularly with the strong influence in the UNSC and the IMF.  So, what's the hold up?  Not certain, but it should be interesting to watch unfold.  Perhaps there's a US Election angle that isn't being explored -- one never knows!

Below, I have provided the recent Withdrawal Agreement, statements from Vice President Biden, and a history of the Iraqi situation from the New York Times. 

CLICK IMAGE FOR FULL SIZE VIEWING

Have a great evening,

Scooter