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


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30 minutes ago, Lucky Dragon said:

I think the Central Bank is ready to return serve!!  They are in the midst of the third annual conference today and tomorrow.

And Abadi declared mañana a national holiday. :crossedfingers:

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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

Iraq announces its departure from Chapter VII: We prepared our natural situation

Iraq announces its withdrawal from Chapter VII: We prepared our natural situation
 
 Twilight News    
 
 6 hours ago
 
 

Shafaq News / The Iraqi Foreign Ministry announced the exit of the country from Chapter VII regarding the oil-for-food program, and restore normal status.

"The efforts of the ministry culminated in the issuance of a resolution by the Security Council to remove Iraq from Chapter VII in the oil-for-food program and restore it to its natural status and international status after completing all the obligations of the program," said Ahmed Mahjoub, spokesman for the Iraqi Foreign Ministry.

He added that "the decision was written as an update to the efforts of the Ministry of Foreign Affairs of the Republic of Iraq to end the files of Iraq in the Security Council inherited from the era of the former regime and issued under resolutions under Chapter VII of the Charter of the United Nations, this ministry worked through our representative in New York, With the United States and other member states for the adoption of resolution 2390 (2017), adopted unanimously by the Security Council on 8 December 2017, in which the Security Council concluded that the parties (Iraq and the United Nations) have fully implemented the measures imposed in accordance with the provisions of Chapter VII under resolutions 1958 ( 2010) and resolution 2335 (2016) ".

He added that "the new resolution is an important step in the restoration of Iraq's natural status and international standing, which confirms the end of Iraq's obligations under Chapter VII on the oil-for-food program after it was implemented in full."

 
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2 hours ago, ChuckFinley said:

Hey Coorslite, trust all is well. Have been following you on crypto. Learning and making a lot. THANKS for you insight and input. :bravo:

 

Hey, coorslite, i lost all my crypto (fraud websites) can u provide a link here?

 

thanks!

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Release from UN sanction Chapter VII was always on the list of things that needed to happen before their money could revalue.  Funny how we were convinced, years ago, that this had already occurred.  Perhaps now we will see the HCL passed also.  The crack down on corruption and the formal end to the war on ISIS are also biggies for our investment.  Bring on the lower denoms!!!and maybe that will put all our ducks in a row!

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IRAQ RELEASED FROM U.N. FOOD-FOR-OIL PROGRAM IMPOSED AFTER GULF WAR

Iraq released from U.N. Food-for-Oil Program imposed after Gulf War
 

2 hours ago

 

 

SULAIMANI – The United Nations Security Council issued a resolution on Friday (December 8) to put an end to Iraq’s obligation of U.N.’s Oil-for-Food Program under Chapter IIV.

The Iraqi Foreign Ministry said in a statement today December 9 that the country was removed from the U.N. charter after “diplomatic successes” of the ministry.

The Security Council concluded 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 program 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 program, 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 invasion of Kuwait by Iraq’s former regime in 1990 prompted the U.N. Security Council to put Iraq under Chapter VII of the U.N. Charter.

Chapter VII allows the U.N. Security Council to implement a series of options against a country charged with breach of the peace or act of aggression, ranging from sanctions to military action if a state refuses to comply with Security Council demands.

Under the Oil-for-Food Program Iraq was allowed to sell oil in the world market in exchange for food, medicine, and other humanitarian needs for Iraq citizens.

The resolution number 1958 for 2010 of Security Council added several obligations under Chapter VII, including completion of Kuwait compensation.

Last month, the Iraqi prime minister's adviser for financial affairs, Mohammed Saleh, said, "Iraq reached an agreement to pay compensation for the invasion of Kuwait in 1990, amounting to 4.6 billion dollars in compensation for the destruction of its oil facilities and for victims of war.

A US-led international coalition evicted Iraqi troops from Kuwait in February 1991 after a seven-month occupation.

Iraq in October 2014 had suspended payment of the tax imposed, by Chapter VII, on its oil exports as war reparations by the U.N. Security Council, at the height of an offensive by the Islamic State jihadist group.  Those depts have now been paid, resulting in yesterday’s U.N. resolution 2390 (2017).

(NRT)

 

http://www.nrttv.com/en/Details.aspx?Jimare=17845

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12 minutes ago, Butifldrm said:
8126TH MEETING (AM)

All Measures Imposed under Iraq Oil-for-Food Programme Implemented in Full, Security Council Concludes, Unanimously Adopting Resolution 1958 (2017)

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.”

https://www.un.org/press/en/2017/sc13109.doc.htm

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All Measures Imposed under Iraq Oil-for-Food Programme Implemented in Full, Security Council Concludes, Unanimously Adopting Resolution 1958 (2017)

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.”

 

https://www.un.org/press/en/2017/sc13109.doc.htm

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Go RVvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv!

There have been a few times I got excited by news in the early days and have learned to restrain from getting carried away,

but this one has put me back on the Crazy Train!

 

B/A

Edited by bostonangler
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  • Iraq Emerges from Chapter VII Sanctions and Oil For Food
 
5-4.jpg?fit=1632%2C1224
 

Iraq ended Saturday with a decision by the Security Council to withdraw from Chapter VII of the oil-for-food program imposed on it since the 1990s.
“Iraq has regained its normal status and international standing,” Foreign Ministry spokesman Ahmad Mahjoub said in a statement, adding that his country had completed all commitments to the program after a series of diplomatic successes.
According to the Security Council resolution that “completed the efforts of Iraq to end its files from the era of the former regime,” he ended his obligations under Chapter VII on the oil-for-food program, after he carried out in full.
In 1996, the United Nations imposed the $ 64 billion oil-for-food program to enable Iraq, besieged by timely international economic sanctions, to sell certain quantities of its oil and buy basic necessities.

 

http://en.economiciraq.com/2017/12/09/iraq-emerges-from-chapter-vii-and-the-oil-for-food/

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3 hours ago, Lucky Dragon said:

I think the Central Bank is ready to return serve!!  They are in the midst of the third annual conference today and tomorrow.

 

" I think the Central Bank is ready to return serve!! "  - True That . . . the ball is now in their court. :crossedfingers:

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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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