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    2013 in review: iraq’s never ending story

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    Seck
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    2013 in review: iraq’s never ending story

    Post  Seck on Thu 02 Jan 2014, 20:09

    As Iraqi Kurdish publication, Rudaw, reported: “The lifting of Chapter 7 sanctions … can be considered one of Iraq’s biggest achievements since the ouster of Saddam Hussein a decade ago, allowing Baghdad to regain control over its own currency, oil and economy. Chapter 7, imposed on Iraq by the UN Security Council after Saddam’s invasion of Kuwait in 1991, froze all Iraqi assets in international banks, ordering they be used to compensate victims of the aggression. Besides placing limits on use of its wealth, the sanctions also placed limits on the Iraqi military”.


    The lifting of sanctions should have wide ranging, positive effects for the Iraqi economy.

      Current date/time is Wed 22 Nov 2017, 03:57