Iraq emerges from Chapter VII and the "oil for food"
Results 1 to 3 of 3

Thread: Iraq emerges from Chapter VII and the "oil for food"


    
  1. #1

    Iraq emerges from Chapter VII and the "oil for food"



    Iraq emerges from Chapter VII and the "oil for food"

    Iraq ended Saturday with a decision by the Security Council to withdraw from Chapter VII of the oil-for-food program imposed on it since the 1990s.
    “Iraq has regained its normal status and international standing,” Foreign Ministry spokesman Ahmad Mahjoub said in a statement, adding that his country had completed all commitments to the program after a series of diplomatic successes.
    According to the Security Council resolution that “completed the efforts of Iraq to end its files from the era of the former regime,” he ended his obligations under Chapter VII on the oil-for-food program, after he carried out in full.
    In 1996, the United Nations imposed the $ 64 billion oil-for-food program to enable Iraq, besieged by timely international economic sanctions, to sell certain quantities of its oil and buy basic necessities.

    https://en.economiciraq.com/2017/12/0...-oil-for-food/



  2. #2

    Re: Iraq emerges from Chapter VII and the "oil for food"

    THIS IS THE MOST SIGNIFICANT NEWS ITEM FOR TODAY AS OF NOW. With Iraq regaining international status, does that not mean its currency has also regained its international status?

  3. #3

    Re: Iraq emerges from Chapter VII and the "oil for food"

    It doesn't have to mean that - exactly, just yet. No.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •