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      Iraq emerges from Chapter VII of the United Nations   12/09/2017

        Rmc10 Senior Member All Measures Imposed under Iraq Oil-for-Food Programme Implemented in Full, Security Council Concludes, Unanimously Adopting Resolution 1958 (2017) REPORT from UN Security Council Published on 08 Dec 2017 —View Original SC/13109 SECURITY COUNCIL
      8126TH MEETING (AM) The Security Council concluded today that all the measures imposed in its resolutions 1958 (2010) and 2335 (2016) pursuant to Chapter VII of the Charter of the United Nations in relation to the Iraq oil-for-food programme had been fully implemented. Unanimously adopting resolution 2390 (2017), the Council welcomed the fact that the remaining funds in the escrow accounts established pursuant to resolution 1958 (2010) had been transferred to the Government of Iraq pursuant to resolution 2335 (2016). The Council acknowledged the Secretary-General’s final report on the matter (document S/2017/820), which stated, among other things, that the remaining $14,283,565 in the administrative escrow account had been transferred to Iraq. Following the adoption, Amy Noel Tachco (United States) applauded Iraq’s complete implementation of measures under the oil-for-food programme, although the country still faced many challenges. She looked forward to close cooperation internationally and bilaterally in support of Iraq as a federal, democratic and prosperous country. The meeting started at 9:45 a.m. and ended at 9:48 a.m. Resolution The full text of resolution 2390 (2017) reads as follows: “The Security Council, “Recalling its resolutions 1958 (2010) and 2335 (2016), “Acknowledging receipt of the final report of the Secretary-General pursuant to paragraph 4 of Security Council resolution 2335 (2016), S/2017/820, “1. Welcomes the implementing arrangements entered into by the Secretary-General and the Government of Iraq as requested in paragraph 7 of Security Council resolution 1958 (2010); “2. Also welcomes that the remaining funds in the escrow accounts established pursuant to paragraphs 3–5 of Security Council resolution 1958 (2010) have been transferred to the Government of Iraq pursuant to Security Council resolution 2335 (2016); “3. Concludes that all the measures imposed by the Security Council in resolutions 1958 (2010) and 2335 (2016) pursuant to Chapter VII of the Charter of the United Nations have been fully implemented by the parties.” For information media. Not an official record.     DV LINK
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blueskyline

Economist reveals the future of the dollar exchange rate in local markets 18:37 - 01/02/20180

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http://www.almaalomah.com/2018/02/01/278678/......................

Economist reveals the future of the dollar exchange rate in local markets

18:37 - 01/02/2018
0
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Information / Private ..

The economic expert Majid al-Suri, on Thursday, the future exchange rate of the dollar in the domestic markets, stressing that the high oil prices positively affected the Iraqi dinar, while pointed out that the rise in oil prices will not last long.

"The high price of oil has positively affected the Iraqi market, where we will see a large abundance in foreign currency, which raises the value of the Iraqi dinar against the dollar."

He added that "the price of selling barrels of oil amounted to 66 dollars, but this will not last long, where we will see a fluctuation in prices in the coming period, as the price of a barrel of oil between (54-56) dollars."

He explained that "the financial abundance in foreign currency (the dollar), will be met by a large investment by the giant companies in the field of reconstruction, where Iraq needs to many of these companies to rebuild the destroyed cities, in addition to other projects that Iraq will spend the oil dollars on them" .

He stressed that "Iraq sells oil at a price less than the advertiser, as the advertiser up to $ 66 a barrel, while the sale is at a lower price, because of impurities in Iraqi oil and the process of transport and delivery to other countries."

Iraq exports more than three million barrels per day, as the Asian countries import the largest proportion of Iraqi oil at a price above $ 65 per barrel, which reduces the dollar exchange rate against the Iraqi dinar due to the large financial abundance of foreign currency due to high oil prices. Finished..................................Pilfered . Thanks f26

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