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BGG for 8/10/17
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BGG for 8/10/17
[Iraqi Prime Minister Abadi announced the below on the Iraqi Govt Twitter: THE OIL-FOR-FOOD FILE HAS BEEN RESOLVED COMPLETELY] Apples and watermelons. Ch 7 designation and the Oil-for-Food are different files entirely. The last remaining Oil-for-Food money was reportedly turned over to Iraqi control. However, to imply this means the lifting of all Ch 7 "sanctions" is not an accurate analysis. There really aren't much in the way of Ch 7 sanctions left in force anyway. Further, I highly doubt the UN completely removes the Ch 7 designation anytime soon. I suspect they want the latitude to go in and help settle things down again - if needed. As they did with ISIS. None of this is directly detrimental to a value change in the currency...If it were - How would it have been possible for the CoM and CBI to have been planning a value change back in 2012?
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