Thursday Night Opinions @ 8:33 PM CST - 12/09/2021

[ronscarpa]

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 

 

 

*** Frank26  IMO the education of the monetary reform to the Iraqi citizens is very close to completion...The completion of their education in 2021 is only for them to start in 2022 with a new value with purchasing power to their currency and with an explosion of their economic reform because their monetary reform was so successful...



*** Sandy Ingram  Article: "Central Bank of Iraq governor meets Turkish counterpart"  The governors reported that aim of the meeting was to develop banking relations between the two countries including opening of branches of Iraqi banks in Turkey...This is very good news, however this is even better news!  Article:  "Central Bank governor welcomes opening of branches of British banks inside Iraq" 

 

 

*** Mark  The regular payments to Kuwait have stopped. That is a very important piece of information. Article: “The Central Bank of Iraq has announced that it has terminated all necessary banking arrangements with the US Federal Reserve to stop the automated deduction of Kuwait’s compensation."  This is huge news. This is one thing that was necessary for Iraq to join the international world. To ascend to the World Trade organization and to freely trade with an international currency. That this came out today is huge!!!  ...This was the best news today..! 

 

 

Edited December 10, 2021 by ronscarpa

[kgreen]

I want to thank you for your "daily" updates/opinions which help to educate me and keep many of us updated while we wait for the RV.

[Artitech]

I don’t know if there is any way to verify what Mark is writing is true or not. If true it is big news! JMHO 

[Fairways&Greens]

43 minutes ago, Artitech said:

I don’t know if there is any way to verify what Mark is writing is true or not. If true it is big news! JMHO 

Read last 15 hrs of updates on news post:  Iraq will leave “Chapter VII” in early 2022 (pinned)

 

Several links to articles posted by Yota and others in that thread. Exciting news!

Edited December 10, 2021 by Fairways&Greens
Credit Yota and others

[Longtimelurker]

1 hour ago, Artitech said:

I don’t know if there is any way to verify what Mark is writing is true or not. If true it is big news! JMHO 

It's true, I've read multiple articles👍

[new york kevin]

Still links would be nice to have on these big  news articles . Just to independently confirm them.

[3 bucks new rv rate]

Washington stops the automatic deduction of Iraqi oil revenues to compensate Kuwait

 

Pratha News Agency 48 2021-12-09

http://burathanews.com/storegefiles/579f079690b0a.jpg

The Chairman of the Committee of Financial Experts, Abdul Basit Turki, revealed today, Thursday, that the US Federal Reserve has stopped the automatic deduction from Iraqi oil revenues in favor of Kuwait’s compensation.

Turki said in a press interview, "The Committee of Experts received a notification from the Central Bank of Iraq and the Compensation Committee, stating that the US Federal Reserve had stopped the deduction."

Pointing out that "a final batch of Kuwait's compensation amounting to 43 million dollars remains to be paid through the Central Bank of Iraq in one go, so that Iraq will end these compensations in full, which amount to 52.38 billion dollars."

And he indicated that Iraq should seek to get out of the provisions of Chapter VII of the UN Charter.

Turki called for "the Ministry of Foreign Affairs and the concerned authorities to move to urge the formulation of a draft resolution that includes removing Iraq from the provisions of Chapter VII of the Charter of the United Nations completely."

The Iraqi government intends to pay the last batch of compensation for the Kuwait war, before the end of this year, after depositing, the day before yesterday (Tuesday), more than 207 million US dollars, in the compensation account with the US Federal Reserve, to end the compensation file completely.

The UN Compensation Committee was formed in 1991, obligated Baghdad to pay $ 52.4 billion in compensation to individuals, companies, governmental organizations and others who incurred losses resulting directly from the invasion of Kuwait.

Iraq stopped making payments in 2014 during the war on ISIS, the terrorist organization that took control of large parts of the country, but it resumed payments in 2018.

 

[3 bucks new rv rate]

(The Central Bank of Iraq announces the suspension of the automatic deduction of Kuwait’s compensation

https://cbi.iq/news/view/1891

 

The Central Bank of Iraq announces the suspension of the automatic deduction of Kuwait’s compensation)

 

The Central Bank of Iraq announces that it has terminated all necessary banking arrangements with the US Federal Reserve to stop the automatic deduction of Kuwait’s compensation from Iraqi crude oil export revenues, and confirms the possibility of paying the entire remaining amount of compensation before the end of the current year 2021 to end this file.

 

Central Bank of Iraq

information Office

December 9, 2021

 

[coorslite21]

Nice post and responses....Thanks to all of you!    CL 

[NWGUY]

Good news all around!  It is nice to see progress!