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27 minutes ago, 3n1 said:

Does anyone know what the seventh UN resolution that the rafidain bank withdrew from is ? 


Gonna take a wild stab at this and say it’s the one after the 6th ??? Just having fun with it. 
Looks like we’ll have to jump into the Wayback Machine, jump down that rabbit hole to get the skinny on this. 
Sometimes ( after 18 yrs. ) I think I’ve forgotten more than most folks know about this investment - Should have purchased the Evelyn Woodhead Sped Reding course for better long term memory like Cheech & Chong did.

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I speculated a long time ago, Europe wanted Iraq to become their gas station. It seems natural. It's so close by. Maybe what's happening is NATO will get involved to ensure the flow of oil into Europe, to ensure stability in the Iraq neighborhood, so they don't get overwhelmed with migrants from unstable countries. This would fit in with America redeploying troops and letting Europe take care of more of their security. That was Trump's intention, this may have been long in play, may be something Trump started, the Pentagon just continuing. Just spit balling it here, we'll see. Could fit in with why Chapter 8, there could be comprehensive agreement behind the scenes, particularly with the Kurds.

 

 

 

 

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Chapter VII of the Charter of the United Nations: 

https://www.un.org/press/en/2020/sc14390.doc.htm

 

 

 

 

 

im thinking this is different ( hope im very wrong ) from what ive been looking for with IMF article 7 which involves the CBI among other requirements ending MCP multi currency practices in country and for iraq to avail themselves to IMF article 8 requirements  .. but hey im learning like all the rest .

 

thanks yota ,always bringing it ....:tiphat:

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1 hour ago, Longtimelurker said:

Looks like the Al- Rafidain Bank is no longer restricted and can now do international transactions.?

 thanks longtimer ,would / do you know if those international transactions will be done in usd or iqd ?

international iqd in commerce is long awaited 

.....all the best

Edited by 3n1
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2 hours ago, horsesoldier said:


Gonna take a wild stab at this and say it’s the one after the 6th ??? Just having fun with it. 
Looks like we’ll have to jump into the Wayback Machine, jump down that rabbit hole to get the skinny on this. 
Sometimes ( after 18 yrs. ) I think I’ve forgotten more than most folks know about this investment - Should have purchased the Evelyn Woodhead Sped Reding course for better long term memory like Cheech & Chong did.

 

And, the Evelyn Wood Spelling Course too.  LOL

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13 minutes ago, 3n1 said:

 thanks longtimer ,would / do you know if those international transactions will be done in usd or iqd ?

international iqd in commerce is long awaited 

.....all the best

I'm not certain. A youtuber discussed it last night in the last 5 minutes of his video after his "promo". 

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8 hours ago, Bama Girl said:

Guess my brain is running slow this morning but don’t we need the country to be out from under the 7th resolution instead of just one bank in Iraq? Someone educate me. 🙄😊

 

Atta Girl! 😏

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8 hours ago, Laid Back said:

The bank is ready for international business.

 

Go Iraq international 

Go open market economy 

Go Tradable currency 

Go 2021

Due to the unprecedented economic possibilities Iraq has, they will eventually make the transition to the international stage. 
it’s inevitable, and just a matter of time, and, I think the preparations have been going on for some time now. I know they have had many obstacles to overcome, corruption has been, and still could be, rampant, but the PTB  will eventually have their way and bring Iraq back from the ashes, it’s always been the plan. 
 

I concur brother Laid Back, “the bank is ready for international business”  

 

All the best out to you and your loved ones 🙏

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23 hours ago, 3n1 said:

Chapter VII of the Charter of the United Nations: 

https://www.un.org/press/en/2020/sc14390.doc.htm

 

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

On 16 December 2020, 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.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

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 United Nations Security Council Consolidated 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.

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Looking at Resolution 1483 (2003) under Article VII of the UN Charter and this Reuters news story, I am thinking it might have something to do with this:

UPDATE 1-Iraq to resume payments of Gulf War reparations to Kuwait - UN

By Stephanie Nebehay

3 MIN READ

* Iraq oil proceeds to repay last debt owed to Kuwait - UN

* Kuwait Petroleum Corp. owed $4.6 billion from Gulf War damage

* Payments halted in Oct 2014 due to Iraq budget, security issues (Adds details, background, byline)

 

GENEVA, Nov 21 [2017] (Reuters) - Iraq has agreed to resume payments from its oil revenues to compensate fully $4.6 billion still owed to Kuwait for destruction of its oil fields and facilities during the 1990-91 Gulf War, the United Nations said on Tuesday.

 

Payments from the U.N. fund, which were suspended since October 2014 due to security and budgetary challenges faced by Iraq in its fight against Islamic State - will begin with 0.5 percent of its oil proceeds in 2018 and escalate annually until the end of 2021, the U.N. Compensation Commission (UNCC) said.

“Based on oil price and export projections, this would result in payment in full of the outstanding claim award,” the UNCC said in a statement issued in Geneva.

The damages claim by the Kuwait Petroleum Corporation (KPC) IPO-KUWP.KW was the largest approved by the Geneva-based UNCC, set up by the U.N. Security Council in 1991.

 

In 2000, the UNCC awarded $14.7 billion to Kuwait for oil production and sales losses incurred by the KPC, $4.6 billion of which is Iraq’s last debt.

 

Kuwait accepted Baghdad’s proposal, which was also endorsed by the UNCC’s Governing Council on Tuesday in a special session of the body composed of the Security Council’s 15 members, the statement said.

Under the four-year agreement, the percentage of proceeds from Iraqi oil and petroleum products paid into the U.N. coffers for payment to Kuwait will rise to 1.5 percent in 2019 and 3 percent in both 2020 and 2021, Leah Kraft, UNCC legal officer, told Reuters.

 

The UNCC has awarded $52.4 billion to some 1.5 million successful claimants for damages to states, corporations and individuals due to Iraq’s invasion and seven-month occupation of Kuwait under former president Saddam Hussein.

Iraqi Prime Minister Haider al-Abadi said on Tuesday that Islamic State had been defeated from a military perspective but he would only declare final victory after IS militants were routed in the desert.

 

 

Summary of Resolution 1483:

 

Decides that all Member States shall take appropriate steps to facilitate the safe return to Iraqi institutions of Iraqi cultural property and other items illegally removed from the Iraq National Museum, the National Library, and other locations in Iraq; decides that, with the exception of prohibitions related to the sale or supply to Iraq of arms and related materiel, all prohibitions related to trade with Iraq and the provision of financial or economic resources to Iraq established by resolution 661 (1990) and subsequent relevant resolutions, including resolution 778 (1992) of 2 Oct. 1992, shall no longer apply; decides to terminate effective on the adoption of this resolution the functions undertaken by the Secretary-General under the Programme; decides to terminate the Committee established pursuant to paragraph 6 of resolution 661 (1990) at the conclusion of the 6 month period called for in paragraph 16 above; decides that all export sales of petroleum, petroleum products, and natural gas from Iraq following the date of the adoption of this resolution shall be made consistent with prevailing international market best practices; decides further that 5 per cent of the proceeds referred to in paragraph 20 above shall be deposited into the Compensation Fund established in accordance with resolution 687 (1991); decides that, until Dec. 31, 2007, unless the Council decides otherwise, petroleum, petroleum products, and natural gas originating in Iraq shall be immune from legal proceedings against them and not be subject to any form of attachment, garnishment, or execution; decides that all Member States in which there are: (a) funds or other financial assets of the previous Government of Iraq, or (b) funds or other financial assets that have been removed from Iraq shall freeze without delay those funds unless these funds themselves the subject of a prior judicial, administrative, or arbitral lien or judgement, immediately shall cause their transfer to the Development Fund for Iraq; decides to review the implementation of this resolution within 12 months of adoption and to consider further steps that might be necessary.

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