Chapter 7 means very little.
You guys talk as if there are tons of sanctions on Iraq. That is not true. Almost all sanctions were lifted years ago, right after Saddam was booted. The only sanctions left are those that prohibit Iraq from dealing in Arms/Weapons. Chapter 7 also keeps the development fund under the direction of the UN... so that would change, but they still need those funds to rebuild the country, not pay speculators.
Iraq has complained about and wants the remaining sanctions lifted because... if I remember right... Iraq has a lot of some type of chemical/fertilizer that it wants to sell. That chemical or fertilizer falls under that Arms sanction because it could be used in making chemical weapons or bombs or something.
There is no big flood gate of activity waiting to happen when Chapter 7 is removed.
It's just another in a long line of pumper exaggerations
Dow Jones Newswire: A current 25,000 Iraqi dinar banknote will become IQD25, and a dollar will equal only 1.17 dinars.
