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


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3 hours 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!

Thanks Buti & Blueskyline!!!!!  

Amazing news!!!  

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Not sure if this is a legitimate news source.... found it tonight...    https://reliefweb.int/report/iraq/all-measures-imposed-under-iraq-oil-food-programme-implemented-full-security-council

I wasn't convinced  It never stated INFORCE and you don't see me posting Guru BS...

There may be a few threads that discuss the article XIV standing of Iraq within the IMF guidelines.  Iraq enjoys debt protection under it's article XIV standing. IMO, which is a big reason they have n

4 hours 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!

 

4 hours ago, NEPatriotsFan1 said:

This is HUGE!!! Thanks Butifldrm and Bluskyline! 

Great work guys. :bravo:

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6 hours ago, Butifldrm said:

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)

 

Wow!!! I've been gone for a while and come back to this.

Now we know the hold up to article 8.....i'm all too excited to say anything else.

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Access "Frozen Funds"....I wonder how much? I seem to recall a figure, in the hundreds of billions of dollars, that Iraq owned.....were frozen....but this is just vague memory....anyone know????:bagofmoney:....how much frozen funds?💲  ☃️☃️

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1 hour ago, IQD=freedom said:

So what happens when we reach article 8?

 

IQD will become a convertible currency and hopefully with their new true value, whatever that might be.

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26 minutes ago, IQD=freedom said:

Thanks @zul! I'm sure this has been discussed often (article 8 ) Where can I find that thread?

 

There may be a few threads that discuss the article XIV standing of Iraq within the IMF guidelines.  Iraq enjoys debt protection under it's article XIV standing. IMO, which is a big reason they have not been so motivated to move into article VIII.   There are certain guidelines the IMF have given The CBI/Iraq to follow which would make it easier for Iraq to move into article VIII and an internationally traded currency.  What's interesting now is that we see the CBI actually adhering to these guidelines, like the 2% spread.  I'm sure the CBI has done the math and understands that with the huge amount of reconstruction Iraq needs, it cost them less if they had an internationally traded currency.  Think about this.  Iraq now for example, must convert IQD to dollars, then pay to convert dollars to the suppliers in local currency to buy supplies from any foreign country.    This can become quite expensive and unnecessary if the IQD were internationally accepted. 

Edited by Butifldrm
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2 hours ago, Butifldrm said:

 

There may be a few threads that discuss the article XIV standing of Iraq within the IMF guidelines.  Iraq enjoys debt protection under it's article XIV standing. IMO, which is a big reason they have not been so motivated to move into article VIII.   There are certain guidelines the IMF have given The CBI/Iraq to follow which would make it easier for Iraq to move into article VIII and an internationally traded currency.  What's interesting now is that we see the CBI actually adhering to these guidelines, like the 2% spread.  I'm sure the CBI has done the math and understands that with the huge amount of reconstruction Iraq needs, it cost them less if they had an internationally traded currency.  Think about this.  Iraq now for example, must convert IQD to dollars, then pay to convert dollars to the suppliers in local currency to buy supplies from any foreign country.    This can become quite expensive and unnecessary if the IQD were internationally accepted. 

 

Thanks @Butifldrm. Great response.

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If you read through not only the cbi being released you will also see that the iraqi national oil company was released, somo, was released, many other state owned enterprises, which in order for them to be lifted must now be owned by private owners because the un will not allow the government of iraq to still own all the major enterprises, that would be dictatorship again. Also, their gas companies, their major oil companies like north oil and southern oil company, etc. So now we can understand why the hcl has not been completed yet. We have the laws for some of these which coincide with their release from un sanctions. As far as the imf I have reservations on their slow walking of many things with iraq. Its not that iraq was slow walking things, i at times believe that the imf was stifling them on purpose. With trump in office now and with the brexit vote i believe that things are going to move alot faster. Look at things from the 30,000 foot view and you will see the chess pieces moving. Sadr in saudi talking about formation of government, brett mcgourk meeting with sadr in kuwait, etc. As far as the election manual counting lets see if maybe what they arent trying to do it take away votes from the badr block with ameri because he is the head of the popular crowd and took second place in the elections which would put many with iranian ties right smack dab in the iraqi parliament. Sometimes things dont always seem clear right off the bat but when you can look back you go...oh heck i know why they did it that way now...so we wait and see.... ;)

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49 minutes ago, mylilpony said:

 Look at things from the 30,000 foot view and you will see the chess pieces moving.

 

40,000  feet and we are coming in for a landing - Q  :)

Edited by NextYear
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Took a nosey at the UNSC sanctions (link 1, below) and the pdf of the 1518 sanction list (2) and there are some big players on that list under section B. of the 'Entities and other groups' on page 11, including the BAGHDAD STOCK EXCHANGE (3), Rafidain Bank (4), Rasheed Bank (5) and the most interesting one MONTANA MANAGEMENT, INC. (6). Bueller? Bueller? Adam? 

 

... the boss gets everywhere!? Just kidding. It is likely just a coincidence.

 

I assume that these individuals and institutions are now out of the UNSC jail and free to go global? What are folks thoughts?

 

 

==

 

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

 

2. https://scsanctions.un.org/fop/fop?xml=htdocs/resources/xml/en/consolidated.xml&xslt=htdocs/resources/xsl/en/iraq.xsl

 

3. (p.12 of 23) IQe.018 Name: BAGHDAD STOCK EXCHANGE A.k.a.: na F.k.a.: na Address: The White Palace, Al Nidhal Street, P.O. Box 5157, Baghdad, Baghdad, Iraq Listed on: 26 Apr. 2004 Other information:

 

4. (p.16 of 23) IQe.003 Name: RAFIDAIN BANK A.k.a.: AL-RAFIDAIN BANK F.k.a.: na Address: Rashid Street, Baghdad, Iraq Listed on: 21 Nov. 2003 Other information: Activity: General purpose bank

 

5. (p.16 of 23) IQe.004 Name: RASHEED BANK A.k.a.: a) Al-Rashid Bank b) Al-Rasheed Bank F.k.a.: na Address: a) P.O. Box 7177, Haifa Street, Bagdad, Baghdad, Iraq b) Al Masarif Street, Baghdad, Iraq Listed on: 21 Nov. 2003 Other information: Activity: General purpose bank.

 

6. (p.15 of 23) IQe.202 Name: MONTANA MANAGEMENT, INC. A.k.a.: na F.k.a.: na Address: Panama Listed on: 26 Apr. 2004 Other information:

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16 minutes ago, IQD=freedom said:

Nice find! If the CBI inst ln there anymore wouldn't that mean that everyone on the list still is still under sanction?

 

Not sure IQD=freedom as it appears this list is from 2003. My thoughts were that the announcement on Thursday from the UNSC was that these folks are all now released, but I am really not sure. Maybe, another eagle eyed DVer can figure this one out. Cheers!

 

https://scsanctions.un.org/fop/fop?xml=htdocs/resources/xml/en/consolidated.xml&xslt=htdocs/resources/xsl/en/iraq.xsl

Edited by bkeiller
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On 6/9/2018 at 6:37 AM, Butifldrm said:

 

There may be a few threads that discuss the article XIV standing of Iraq within the IMF guidelines.  Iraq enjoys debt protection under it's article XIV standing. IMO, which is a big reason they have not been so motivated to move into article VIII.   There are certain guidelines the IMF have given The CBI/Iraq to follow which would make it easier for Iraq to move into article VIII and an internationally traded currency.  What's interesting now is that we see the CBI actually adhering to these guidelines, like the 2% spread.  I'm sure the CBI has done the math and understands that with the huge amount of reconstruction Iraq needs, it cost them less if they had an internationally traded currency.  Think about this.  Iraq now for example, must convert IQD to dollars, then pay to convert dollars to the suppliers in local currency to buy supplies from any foreign country.    This can become quite expensive and unnecessary if the IQD were internationally accepted. 

2% spread maybe just for a test  before move to higher rate . I cant wait monday  

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Hi,its been a while. Overall progress is ssuper fantastic with this Cbi that what we read recently & follow up to rebuild their country which need a huge sums of 💰. Overall it just makes the convertion process a lot smoother,easier & cost effective with convertible currency & with true value don't u think?.

 

Go Cbi & Iraq.

Go Art 8💪💰

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SC/13380
14 JUNE 2018
8285TH MEETING (AM)

Unanimously Adopting Resolution 2421 (2018), Security Council Extends Mandate of Iraq Mission, with Priority Focus on Inclusive Political Dialogue

The Security Council today extended the mandate of the United Nations Assistance Mission for Iraq (UNAMI) by 10 months until 31 May 2019, adopting a streamlined text that would advance the Mission’s role in the Middle East nation’s post‑conflict reconstruction and reconciliation.

Unanimously adopting resolution 2421 (2018), the Council decided that the Special Representative of the Secretary‑General and UNAMI would, at the request of the Government of Iraq, give priority to the provision of advice, support and assistance to the Government and people of Iraq on advancing inclusive political dialogue and national and community‑level reconciliation.

More specifically, by the terms of the resolution, the Special Representative and the Mission would assist the Government and relevant institutions in such areas as electoral processes, constitutional review, and regional dialogue and cooperation on matters including border security, energy, environment, water and refugees.

In coordination with the Government, UNAMID would also — among other things — promote, support and facilitate the coordination and delivery of humanitarian assistance and the safe, orderly and voluntary return of refugees and displaced persons, as well as the coordination and implementation of programmes to improve Iraq’s capacity to provide civil, social and essential services to its people.

Also by the terms of the resolution, the Mission would promote accountability and support the work of the investigative team established by resolution 2379 (2017) to collect, store and preserve evidence in Iraq of acts that could amount to war crimes, crimes against humanity and genocide committed by Islamic State in Iraq and the Levant.

Furthermore, it would assist the Government in ensuring the participation, involvement and representation of women at all levels, and participate in efforts to strengthen child protection.

Walter Miller (United States) said the renewal marked the Mission’s first major overhaul since resolution 1770 (2007) was adopted 11 years ago, noting that Council members decided to extend this year’s mandate for a period of 10 months to better align with the United Nations budget cycle.  The document had been trimmed down from seven to two pages of text, although it was important to note the complexity of the challenges UNAMI and Iraq faced moving forward.  He stressed the need to coordinate closely with other United Nations agencies in Iraq to ensure continuity of efforts on humanitarian and development issues on the national and community levels.  The World Bank was doing great work to stabilize Iraq’s financial footing, although more effort was needed on sustainable development, particularly concerning the country’s water issues and the dust storms that plagued the Iraqi people.

Carl Orrenius Skau (Sweden) welcomed the inclusion of an operative women, peace and security component in UNAMI’s mandate, which would allow the Mission to further enhance its efforts to ensure women’s full and meaningful participation in the political process.  Sweden also welcomed the inclusion of a component aimed at strengthening child protection efforts in Iraq, with a focus on the rehabilitation and reintegration of children in UNAMI’s mandate.

The meeting began at 10:02 a.m. and ended at 10:09 a.m.

Resolution

The full text of resolution 2421 (2018) reads as follows:

The Security Council,

Recalling all its previous relevant resolutions on Iraq, in particular 1500 (2003), 1546 (2004), 1557 (2004), 1619 (2005), 1700 (2006), 1770 (2007), 1830 (2008), 1883 (2009), 1936 (2010), 2001 (2011), 2061 (2012), 2110 (2013), 2169 (2014), 2233 (2015), 2299 (2016), 2379 (2017), and reiterating resolution 2107 (2013) on the situation between Iraq and Kuwait, and the values set forth in 2367 (2017),

Reaffirming the independence, sovereignty, unity and territorial integrity of Iraq, and emphasizing the importance of the stability and security of Iraq for the people of Iraq, the region and the international community, particularly in light of Iraq’s victory over the Islamic State in Iraq and the Levant (ISIL, also known as Da’esh),

Supporting Iraq in addressing the challenges it faces as it turns to the task of post‑conflict reconstruction and reconciliation, including the requirement to meet the needs of all Iraqis, including women, youth, children, displaced persons and persons belonging to ethnic and religious minorities,

“1.   Decides to extend the mandate of the United Nations Assistance Mission for Iraq (UNAMI) until 31 May 2019;

“2.   Decides further that the Special Representative of the Secretary‑General and UNAMI, at the request of the Government of Iraq, and taking into account the letter from the Minister for Foreign Affairs of Iraq to the Secretary‑General (document S/2018/430), shall

(a)  prioritize the provision of advice, support and assistance to the Government and people of Iraq on advancing inclusive, political dialogue and national and community‑level reconciliation;

(b)  further advise, support, and assist:

(i) the Government of Iraq and the Independent High Electoral Commission on the development of processes for holding elections and referenda;

(ii) the Government of Iraq and the Council of Representatives on constitutional review, the implementation of constitutional provisions, as well as on the development of processes acceptable to the Government of Iraq to resolve disputed internal boundaries;

(iii) the Government of Iraq on facilitating regional dialogue and cooperation, including on issues of border security, energy, environment, water, and refugees;

(iv) the Government of Iraq with progress on security sector reform efforts, on planning, funding and implementing reintegration programmes for former members of armed groups, where and as appropriate, in coordination with other multinational entities;

(c)  promote, support and facilitate, in coordination with the Government of Iraq:

(i) the coordination and delivery of humanitarian assistance and the safe, orderly and voluntary return, as appropriate, of refugees and displaced persons, including through the efforts of the United Nations country team;

(ii) the coordination and implementation of programmes to improve Iraq’s capacity to provide effective civil, social and essential services for its people and continue active donor coordination of critical reconstruction and assistance programmes;

(iii) Iraqi, World Bank, International Monetary Fund, and other efforts on economic reform, capacity‑building and setting conditions for sustainable development, including through coordination with national and regional organizations and, as appropriate, civil society, donors and other international institutions;

(iv) the contributions of UN agencies, funds, and programmes to the objectives outlined in this resolution under the unified leadership of the Secretary‑General through the Special Representative for Iraq, supported by their designated Deputy;

(d)  promote accountability and the protection of human rights, and judicial and legal reform, in order to strengthen the rule of law in Iraq, in addition to supporting the work of the investigative team established in resolution 2379 (2017);

(e)  approach gender mainstreaming as a cross‑cutting issue throughout its mandate and to advise and assist the Government of Iraq in ensuring the participation, involvement and representation of women at all levels;

(f)  and assist Government of Iraq and United Nations country team efforts to strengthen child protection, including the rehabilitation and reintegration of children;

“3.   Recognizes that security of United Nations personnel is essential for UNAMI to carry out its work for the benefit of the people of Iraq and calls upon the Government of Iraq to continue to provide security and logistical support to the United Nations presence in Iraq;

“4.   Expresses its intention to review the mandate of UNAMI by 31 May 2019 or sooner, if requested by the Government of Iraq;

“5.   Welcomes the results of the independent external assessment of UNAMI as requested by resolution 2367 (2017), its findings and its recommendations, and encourages UNAMI, the Secretariat and United Nations agencies, offices, funds and programs to implement those recommendations;

“6.   Requests the Secretary‑General to report to the Council every three months on the progress made towards the fulfilment of all UNAMI’s responsibilities, including actions taken in response to the independent external assessment;

“7.   Decides to remain seized of the matter.”

https://www.un.org/press/en/2018/sc13380.doc.htm

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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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