Dinar News GCC Summit! Let's pray they hold to this for at least a year! :)

[compassion]

KUWAIT CITY (AFP)

[bigmike]

how does this tie into the Rv of the IQD?

[calguy]

how does this tie into the Rv of the IQD?

IF and when IRAQ joins the GCC (fully again), then they will buy the GCC Currency based on what it is valued at, at that time.

just like IQD buying dollars today.

or

Dollars buying EURO today.

and there will be a transition period.

But this is far off in the future as IRAQ has not yet been invited to rejoin the GCC since they were removed during the 1990's

[dinarded]

KUWAIT CITY (AFP)

[bigmike]

IF and when IRAQ joins the GCC (fully again), then they will buy the GCC Currency based on what it is valued at, at that time.

just like IQD buying dollars today.

or

Dollars buying EURO today.

and there will be a transition period.

But this is far off in the future as IRAQ has not yet been invited to rejoin the GCC since they were removed during the 1990's

Not to be negative ,but Iraq has never been a memeber of the GCC. My prayers are now including a request for thenm to be a full member of the GCC....but to date they have never been one.

[Dfrog]

Sorry there BigMike, Iraq essentially started the GCC originally in the 80s. They have always been involved in the GCC, through both wars, and all the oil for food stuff.

Not trying to bash, just educate

[bigmike]

Sorry there BigMike, Iraq essentially started the GCC originally in the 80s. They have always been involved in the GCC, through both wars, and all the oil for food stuff.

Not trying to bash, just educate

The Cooperation Council for the Arab States of the Gulf (CCASG; Arabic: مجلس التعاون لدول الخليج العربية‎), also known as the Gulf Cooperation Council (GCC; مجلس التعاون الخليجي) is a political and economic union involving the six Arab states of the Persian Gulf with many economic and social objectives.

History

Created on May 25, 1981, the 630-million-acre (2,500,000 km2) Council comprises the Persian Gulf states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The unified economic agreement between the countries of the Gulf Cooperation Council was signed on November 11, 1981 in Riyadh. These countries are often referred to as The GCC States.

Not all of the countries neighboring the Persian Gulf are members of the council. Iran and Iraq are currently excluded although both nations have a coastline on the Persian Gulf. The associate membership of Iraq in certain GCC-related institutions was discontinued after the invasion of Kuwait.[3] The GCC States have announced that they support the Document of The International Compact with Iraq that was adopted at Sharm El-Sheikh on 4-5 May 2007. It calls for regional economic integration with the neighboring states but there is no prospect of Iraqi accession to the GCC.[4]

[bigmike]

here is the charter for the GCC that was signed in 1981...I have skipped to the skip to the bottom and it lists the founding countries.... the link for this charter is:

http://www.gcc-sg.org/eng/index.php?action=Sec-Show&ID=1

The Charter

The Cooperation Council - Charter

The Supreme Council - Rules of Procedure

The Ministerial Council - Rules of Procedure

The Commission for the Settlement of Disputes - Rules of Procedure

COOPERATION COUNCIL

FOR

THE ARAB STATES OF THE GULF

The United Arab Emirates

The State of Bahrain

The Kingdom of Saudi Arabia

The Sultanate of Oman

The State of Qatar, and

The State of Kuwait

Being fully aware of the ties of special relations, common characteristics and similar systems founded on the creed of Islam which bind them; and

Desiring to effect coordination, cooperation and integration between them in all fields; and,

Having the conviction that coordination, cooperation, and integration between them serve the sublime objectives of the Arab Nation; and,

Having the conviction that coordination, cooperation, and integration between them serve the sublime objectives of the Arab Nation; and,

In pursuit of the goal of strengthening cooperation and reinforcement of the links between them; and

In an endeavour to complement efforts already begun in all essential areas that concern their peoples and realize their hopes for a better future on the path to unity of their States; and

In conformity with the Charter of the League of Arab States which calls for the realization of closer relations and stronger bonds; and

In order to channel their efforts to reinforce and serve Arab and Islamic causes,

Have agreed as follows:

ARTICLE ONE

The Establishment of the Council

A Council shall be established hereby to be named The Cooperation Council for the Arab States of the Gulf hereinafter referred to as the Cooperation Council (GCC).

ARTICLE TWO

The Cooperation Council shall have its headquarters in Riyadh, Saudi Arabia.

ARTICLE THREE

Cooperation Council Meetings

The Council shall hold its meetings in the state where it has its headquarters, and may convene in any member state.

ARTICLE FOUR

Objectives

The basic objectives of the Cooperation Council are:

To effect coordination, integration and inter-connection between Member States in all fields in order to achieve unity between them.

To deepen and strengthen relations, links and areas of cooperation now prevailing between their peoples in various fields.

To formulate similar regulations in various fields including the following:

Economic and financial affairs

Commerce, customs and communications

Education and culture

To stimulate scientific and technological progress in the fields of industry, mining, agriculture, water and animal resources; to establish scientific research; to establish joint ventures and encourage cooperation by the private sector for the good of their peoples.

ARTICLE FIVE

Council Membership

The Cooperation Council shall be formed of the six states that participated in the Foreign Ministers' meeting held in Riyadh on 4 February 1981.

ARTICLE SIX

Organization of the Cooperation Council

The Cooperation Council shall have the following main organizations:

1. The Supreme Council to which shall be attached the Commission for Settlement of Disputes.

2. The Ministerial Council.

3. The Secretariat General.

Each of these organizations may establish sub-agencies as may be necessary.

Middle articles skipped to reach 10000 character limit

ARTICLE TWENTYONE

Closing Provisions

No reservations may be voiced in respect of the provisions of this Charter.

ARTICLE TWENTYTWO

The Secretariat General shall arrange to deposit and register copies of this Charter with the League of Arab States and the United Nations, by resolution of the Ministerial Council.

This Charter is signed on one copy in the Arabic language at Abu Dhabi City, United Arab Emirates, on 21 Rajab 1401 corresponding to 25 May 1981.

The United Arab Emirates

The State of Bahrain

The Kingdom of Saudi Arabia

The Sultanate of Oman

The State of Qatar

The State of Kuwait

[Dfrog]

Not all of the countries neighboring the Persian Gulf are members of the council. Iran and Iraq are currently excluded although both nations have a coastline on the Persian Gulf. The associate membership of Iraq in certain GCC-related institutions was discontinued after the invasion of Kuwait.[3] The GCC States have announced that they support the Document of The International Compact with Iraq that was adopted at Sharm El-Sheikh on 4-5 May 2007. It calls for regional economic integration with the neighboring states but there is no prospect of Iraqi accession to the GCC.[4]

[bigmike]

Not all of the countries neighboring the Persian Gulf are members of the council. Iran and Iraq are currently excluded although both nations have a coastline on the Persian Gulf. The associate membership of Iraq in certain GCC-related institutions was discontinued after the invasion of Kuwait.[3] The GCC States have announced that they support the Document of The International Compact with Iraq that was adopted at Sharm El-Sheikh on 4-5 May 2007. It calls for regional economic integration with the neighboring states but there is no prospect of Iraqi accession to the GCC.[4]

exactly!!!!!!!!!

[aurdemus]

just admit it dfrog you are the one that got educated. now you know.

in fact not only has it ever been part of the gcc, there is a potential that iraq may compete aginst the gcc. think about this senerio. us-isreal or whoever bombs iran into the stone ages, then rebuilds iran into a democracy. between iran and iraq those 2 could dominate the entire region.

[Dfrog]

You have to know how to read this stuff.

What I was posting was from the first post from Mike that Iraq was involved until the first Gulf war. They were kicked, but they have been in EVERY meeting for this even when they had sanctions put on them

The second post is a newer article. It says 1981-1982 at the end, but that is stating when they started this. Right below it is signed by the current members.

If they were invovled before invading Kuwait, then when did they join?

They will eventually be part of the GCC

[bigmike]

You have to know how to read this stuff.

What I was posting was from the first post from Mike that Iraq was involved until the first Gulf war. They were kicked, but they have been in EVERY meeting for this even when they had sanctions put on them

The second post is a newer article. It says 1981-1982 at the end, but that is stating when they started this. Right below it is signed by the current members.

If they were invovled before invading Kuwait, then when did they join?

They will eventually be part of the GCC

Every prayer that we make should include a request for Iraq to join the GCC since it could be the only clear way that the IQD will ever have a substantial and rapid upward movement.

[bigmike]

just admit it dfrog you are the one that got educated. now you know.

in fact not only has it ever been part of the gcc, there is a potential that iraq may compete aginst the gcc. think about this senerio. us-isreal or whoever bombs iran into the stone ages, then rebuilds iran into a democracy. between iran and iraq those 2 could dominate the entire region.

they would have combined the lions share of all the oil in the region. Currently they are #2 and #3 behind Saudi