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Posts posted by Dretown39

  1. 58 minutes ago, 6ly410 said:

    ERBIL, Kurdistan Region - Iraq moves towards establishing the best relations with neighboring countries and supporting regional security, the Iraqi president said on Wednesday hours after the UN Security Council (UNSC) voted to end the country’s requirement to compensate victims of the 1990 invasion of Kuwait.

    “Today, Iraq is moving towards a foreign policy based on establishing the best relations with our brothers, neighbors, and the international community and supporting the security and peace of the region as a common interest for all,” President Barham Salih said in a tweet following the UNSC decision removing Iraq from the required procedures set by the UN Charter’s Chapter Seven.

    A unanimous vote was carried out on the recent resolution after Iraqi foreign minister on Tuesday addressed the council saying “the Iraqi government considers the fulfillment of its international obligations towards the international community and the sisterly State of Kuwait, as a major development that would enhance Iraq's relations with its regional and international surroundings, as well as the Iraqi-Kuwaiti historical relations.” 

    The UNSC’s measures, seen by Rudaw English, state “effective immediately, the government of Iraq is no longer required to deposit a percentage of the proceeds from export sales of petroleum, petroleum products, and natural gas into the funds.”

    The council’s decision comes after Iraq paid the final reparation installment to Kuwait in December. 

    The United Nations Compensation Commission (UNCC) earlier this month announced that Baghdad had completed its payment of war reparations worth $52.4 billion to Kuwait.

    The UNCC was set up in 1991 by the UN Security Council in the aftermath of the seven-month  occupation of Kuwait by former Iraqi leader Saddam Hussein.

    The reparations body raised the money through a tax on Iraqi oil sales over the last 31 years. The percentage was originally set at 30 percent and was reduced over the years, most recently to 3 percent.

    In 2013, the UNSC unanimously voted that the issue of missing Kuwaiti people and property should be dealt with under Chapter six of the UN Charter instead of Chapter seven. Chapter six urges countries to peacefully resolve any conflicts, while chapter seven allows the UNSC to authorize actions ranging from sanctions to military intervention.

    The UNSC eased the sanctions on Iraq in resolution 1546 of the year 2004, where they decided that "prohibitions related to the sale or supply to Iraq of arms and related materiel under previous resolutions shall not apply to arms or related materiel required by the Government
    of Iraq."

    However, the resolution noted that it did not affect prohibitions on chemical and biological weapons, ballistic missiles with a range greater than 150 km, nuclear weapons, and nuclear activities.

    The UNCC received around 2.7 million claims at the time, valued at $352.5 billion, but approved the amount of $52.4, according to a UN press release. The report by the body added that the final payment was made on January 13, but the last report in Geneva by the UNCC was officially filed on February 9.

    Iraq in 2014 halted payments to Kuwait due to the war against Islamic State (ISIS) only to resume four years later in 2018.

    The completion of the reparation payments comes at an economically crucial time for Iraq, given the current political uncertainty. It is also crucial to the country’s economy as it seems to have been going through economic growth due to increasing oil prices.

    A source from the Iraqi Central Bank in December told the country’s state newspaper that the bank’s reserves have increased from $51.9 to $64 billion "due to a rise in the oil markets.”

    Awesome! Now let's add value to the currency so I can move forward with establishing a better bank account!

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  2. I listened to Breitling the other day & got a chance to speak with him during a webinar. In short he said the CBI & Parliament is very happy to move forward, they don't see anything in their way to prevent them, & they want to come from under the dollar to make good things happen. Iraq is very happen with where they're at! In another brief audio recently he said time is running out. We're that close!

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  3. I like Breitling & I listen to his audios. The past few years though when he gives updates he uses the words "you should be very very happy". After a while "you should be very happy" will get old if it hasn't brought us what we need. He said this 2022 will be a great year for Iraq. I want to ask him & probably will is..why does he feel this will be a great year? It seems it should he but I need to know his thoughts.

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  4. On 1/8/2022 at 11:04 AM, Artitech said:

    IMO, opinions are like A holes everybody’s got one! Sorry I could not pass up the opportunity for an opinion! January is trucking right on by, hopefully we will see some type movement by next weekend! I don’t put much stock in the government being seated or not. I think we are on settled law that it’s strictly up to the BOI to make the decision to increase the value of the currency! They sure didn’t need the GOI when they devalued the currency last year! Just my humble opinion!!! 🤠

    Yeah I don't understand this over emphasis on a seated GOI. They pretty much have paid off either all or the majority of their debt. Other countries don't even mind giving them a loan again. It seems that finally the CBI can make a move unless there's something I'm missing.

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  5. 49 minutes ago, davis411 said:

    After you buy a ram

    then go to gm or ford and get a truck 

    I've had vehicles from all 3 makers & had problems with every one. Not to mention every other year or few years it seems there's recalls coming out in the news for all of them. So I'm not bias towards either one. I just roll with whatever I like & feel comfortable with. Gm, ford, dodge, or whoever.

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  6. 43 minutes ago, stanleypower said:

    I’m very familiar with him. I subscribe and listen to all his audios he puts out. I thought the talks with Bob pertained only to taxes. I appreciate his very knowledgeable take on the situation. He hasn’t had an audio out in awhile. That’s why I was curious where this was quoted from. 

    Ok gotcha. That quote was from the webinar they did earlier this month

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