Lifting of Sanctions on Iraq
23 June 2013
By Mark Farquharson
We are watching for the revalue of the Iraqi Dinar, as this is the next sign, the ninth sign, which is the provision. With the provision we can do the work ahead of spreading the true evangel to the world.
The lifting of the Chapter VII sanctions is expected on the 27 June, when the full United Nations assembly meets. For comment from Dr Jones: Iraq News--Lifting of Chapter VII sanctions expected on June 27
The Secretary of the UN, Ban Ki Moon called on the council to lift the sanctions on Iraq. He also said “Should the Security Council agree with my recommendations, Iraq will exit Chapter VII with regard to this file and and will be one step closer to restoring its standing priority to resolution 661.” From http://www.timesofoman.com/News/Article-18225.aspx
Canada is re-establishing direct trade relations with Iraqi, and will help them become a full member of the World Trade Organization. According to: http://www.ninanews.com/English/News_Details.asp?ar95_VQ=GIHMDG
The new fiscal quarter is 1 July, which means that they want it done by that time, it would also be a time to revalue their currency according to Dr Jones:
“Other reports indicated that Iraq still owes $11 billion to Kuwait in reparations. The Central Bank of Iraq has close to $80 billion in its reserves at the present time. As part of the deal, Iraq has agreed to pay the remaining $11 billion on or by June 25, so that the UN General Assembly can formally remove the sanctions when they meet next week. At present, the vote is scheduled for June 27. They want to get this done by July 1, because that is the most opportune time at the start of a new fiscal quarter.
If all goes well, they can revalue their currency at the start of the new quarter, so they won't have to change all of the bookkeeping in the middle of the quarter from the old dinar value to the new.”
This is close to the watch dates of the 2 and 3 July that I give in the earlier entry: Pentecost, Water, Provision
Copyright © Mark J Farquharson 2013
Back: Open Door Ministry