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View Full Tract ListHere is a very good article from Alsumeria news in Iraq. It speaks of the Chapter VII sanctions imposed upon Iraq in 1990, and implies that these will be removed in accordance with the withdrawal of US troops from Iraq this month.
This is what must happen before the Iraqi dinar can return to its internationally traded status. Their currency was removed from the IMF banking system in 1990 after Saddam Hussein invaded Kuwait. This is what dropped its value down to less than 1/10 of a cent.
When Chapter VII sanctions are fully lifted, then their currency will be reinstated on the world currency markets, and it will be revalued according to the country's economic status and its wealth of natural resources.
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Monday, December 05, 2011 14:18 GMT |
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Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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