The UNSC, Iraq officials, Kuwaiti officials and gurus have all confirmed that on Tuesday the UNSC voted unanimously to release Iraq from Chapter VII sanctions. It appears to be official. This is great news. What we have not seen is an official proclamation or ceremony that Chapter VII has been lifted. Maybe this will not come. Many gurus expect sanctions/restrictions to be lifted from European and American banking and watch-lists as a result of chapter VII lifting. Their thought is this will open the door to more banks dealing in dinar again. Stay tuned as the story unfolds and the gurus bring their unique perspectives to the situation.
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