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Kuwait says it has recovered the remains of 236 missing in Iraq


Rmc10
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Iqd=freedom....sanctions are responsible for why the iraqi dinar had lost its value n basically had CBI on a lockdown so to speak...not having any freedom to do what it is supoosed to do... The glory ole days they had were pretty much restricted..now that sanctions have been lifted, you can bet their currency will be put back to where it once was

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1 minute ago, navira said:

Iqd=freedom....sanctions are responsible for why the iraqi dinar had lost its value n basically had CBI on a lockdown so to speak...not having any freedom to do what it is supoosed to do... The glory ole days they had were pretty much restricted..now that sanctions have been lifted, you can bet their currency will be put back to where it once was

Yeah I know man! It was just a joke btw hence the tagging of Rayren98 lol. But this is excellent timing with the voting of the large block and then this!

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the release  is big news for sure ,  this being Friday  for us ,   will take  Tuesday for Iraq , for this news to soak in ,  spread through the streets  so-to- speak  ,   then too the  g.o.i  , then too the banking world ,  about  2 months ?   just a guess ,   next week ,  the  post  should give some clue as how  the release from  u.n.   sanctions  play out for Iraq banking.  (  thanks for the  good start too a Friday  blue sky )

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Seems to be awful close timing between dropping the sanctions after 15 years and finishing out the 90 days at 2%.  Mix in an Abadi/Sadr anti-corruption govt., turn up the heat and the RV soup could finally boil over.

 

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  • yota691 changed the title to Security Council Committee on Iraq Removes Entity from its Sanctions List
SC/13372
7 JUNE 2018
 

Security Council Sanctions Committee concerning Iraq Removes One Entity from Its Sanctions List

On 7 June 2018, the Security Council Committee established pursuant to resolution 1518 (2003) approved the removal of the following entity from its List of Individuals and Entities subject to the assets freeze set out by paragraphs 19 and 23 of Security Council resolution 1483 (2003) adopted under Chapter VII of the Charter of the United Nations.

B. Entities and other groups

IQe.001 Name: CENTRAL BANK OF IRAQ
A.k.a.: na F.k.a.: na Address: Rashid Street, Baghdad, Iraq Listed on: 21 Nov. 2003 Other information:Activity: Central Bank (bank of issue and controller of the banking system)

The names of individuals and entities removed from Committee’s Sanctions List pursuant to a decision by the Committee may be found in the “Press Releases” section on the Committee's website at:  www.un.org/sc/suborg/en/sanctions/1518/press-releases.

To obtain a fully updated version of the List of individuals and entities subject to the sanctions measures, Member States are encouraged to consult, on a regular basis, the Committee’s website at the following URL:  www.un.org/sc/suborg/en/sanctions/1518/materials.  The Committee’s Sanctions List is available in HTML, PDF and XML format.

The Consolidated United Nations Security Council Sanctions List is also updated following all changes made to the Committee’s Sanctions List.  An updated version of the Consolidated List is accessible via the following URL:  www.un.org/sc/suborg/en/sanctions/un-sc-consolidated-list.

https://www.un.org/press/en/2018/sc13372.doc.htm

Edited by Butifldrm
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On 7 June 2018, the Security Council Committee established pursuant to resolution 1518 (2003) approved the removal of the following entity from its List of Individuals and Entities subject to the assets freeze set out by paragraphs 19 and 23 of Security Council resolution 1483 (2003) adopted under Chapter VII of the Charter of the United Nations.

 

The Security Council Committee established pursuant to resolution 1518 (2003) was established on 24 November 2003 as the successor body to the Security Council Committee established pursuant to resolution 661 (1990) concerning Iraq and Kuwait.

States implement the assets freeze and transfer measures in connection with individuals and entities included in the List of individuals established pursuant to resolution 1483 (2003) or the List of entities established pursuant to resolution 1483 (2003). These lists are maintained and regularly updated by the Committee.

Sanctions measures 

Measure

Description

Exemptions to the measure

Arms Embargo

All States are required to prevent the sale or supply to Iraq of arms and related materiel.

Set out in paragraph 21 of resolution 1546 (2004).

Assets Freeze

List of individuals established pursuant to resolution 1483 (2003)

List of entities established pursuant to resolution 1483 (2003)

 

 

 

All Member States in which there are funds, other financial assets and economic resources owned or controlled by individuals or entities included in the list of individuals established pursuant to resolution 1483 (2003) or the list of entities established pursuant to resolution 1483 (2003)are required to freeze without delay those assets and immediately shall cause their transfer to the Development Fund for Iraq.

None

To facilitate the work of the Committee and the Member States in implementing the assets freeze and transfer measures imposed by paragraph 23 of resolution 1483 (2003), the Committee has issued the following documents:

 Guidelines for the Application of Paragraphs 19 and 23 of Resolution 1483 (2003) describe how the lists of individuals and entities are assembled and disseminated.

 Non-Paper on the Implementation of Paragraph 23 of Resolution 1483 (2003) provides indicative, non-legally binding definitions of terms contained in paragraph 23 of the resolution.

 De-listing Guidelines describe how individuals and entities included on the lists can seek the removal of their names.

Work and mandate of the Committee 

The Committee comprises all 15 members of the Security Council and makes its decision by consensus. The current Chair of the Committee, for the period ending 31 December 2018, is Her Excellency Ms. Joanna Wronecka (Poland). The Vice-Chair for 2018 is Kazakhstan. The Committee prepares annual reports of its activities.

The Committee was established to continue to identify senior officials of the former Iraqi regime and their immediate family members, including entities owned or controlled by them or by persons acting on their behalf, who are subject to the measures imposed by paragraph 23 of resolution 1483 (2003). To that end, the Committee updates the lists of individuals and entities that have already been identified by the Committee established pursuant to resolution 661 (1990).

In resolution 1518 (2003), the Security Council also decided that the mandate of the Committee would be kept under review, and that the Council would consider authorizing the Committee to undertake the additional task of observing Member States’ fulfilment of their obligations in connection with the arms embargo on Iraq as reaffirmed in paragraph 10 of resolution 1483 (2003)

https://www.un.org/sc/suborg/en/sanctions/1518

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Could this be truly the last part of Chapter VII that we’ve been waiting on all along? It says specifically they are releasing the CBI of sanctions.....

 

Maybe they’ve been sovereign in every way when Abadi made his speeches except in this one area? Just my thoughts over the first cup of coffee this am

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Man o man, the excitement hasnt stopped building up. CBI is the one entity that is responsible for the entire country both financially n economically...the CBI had been pegged to the US dollar ever since the sanctions because the dollar is the only entity that prevented the entire country from an economic collapse...now the CBI can unpeg from the dollar..we should see pretty soon all the banks using dinars only...and yes this calls out for an rv...the good ole glory days are coming to iraq once again

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5 minutes ago, gregp said:

Thanks, Buti !!!!

Great Find!!!!!

This is amazing news!!!!

:twothumbs::twothumbs::twothumbs:

 

 

gregp,blueskyline found it first.  I just went in and did a little more research to see what it all entailed, and yes it appears there was styill a remaining sanction on the CBI and now has been lifted and the CBI CAN NOW ACCESS OF FROZEN FUNDS!

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4 minutes ago, Butifldrm said:

 

gregp,blueskyline found it first.  I just went in and did a little more research to see what it all entailed, and yes it appears there was styill a remaining sanction on the CBI and now has been lifted and the CBI CAN NOW ACCESS OF FROZEN FUNDS!

This is HUGE!!! Thanks Butifldrm and Bluskyline! 

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  • yota691 changed the title to Kuwait says it has recovered the remains of 236 missing in Iraq
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