CBI News 12/21/2021

[Fairways&Greens]

1 hour ago, yota691 said:

He added, "It is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on reintegrating the Iraqi banking system into the global banking system and benefiting from the financial abundance that will be achieved."

Dynamite! 🧨 

[3 bucks new rv rate]

IRAQ MAKES FINAL REPARATIONS PAYMENT TO KUWAIT

 

AM:09:45:22/12/2021

 

 

SULAIMANI —The Central Bank of Iraq said on Tuesday (December 21) it issued the last installment of compensation to Kuwait for its invasion of the country under the Baathist regime in 1990.

The installment amounted to $44 million, Iraqi News Agency said, citing a statement from the central bank.

Iraq was obliged to pay $52.4 billion in compensation to Kuwait according to UN Security Council Resolution 687, adopted on 3 April, 1991.

Mazhar Salih, an advisor to Iraqi Prime Minister Mustafa al-Kadhimi, said in early 2021 that Iraq was deducting 3 percent of oil revenues in order to make the remaining payments to Kuwait, according to Anadolu Agency.

A statement from Iraq’s Central Bank expressed hope that ending the compensation would affect "reintegrating the Iraqi banking system into the global banking system.

 

link  :  https://nrttv.com/En/detail6/2013

 

[3 bucks new rv rate]

Iraq announces payment of the full amount of Gulf War compensation to Kuwait

12/22/2021, 2:55:37 PM

 

The Central Bank of Iraq announced yesterday, Tuesday, the payment of the full financial compensation approved by the United Nations in favor of Kuwait due to the Gulf War, amounting to 52.4 billion dollars.

The bank said in a statement, that the payment of the last remaining installment of the State of Kuwait's compensation amounting to $44 million has been completed.

The statement indicated that Iraq has paid the full amount of compensation approved by the United Nations Compensation Committee of the UN Security Council under Resolution (687) for the year 1991, with a total of 52.4 billion dollars to Kuwait.

He added, it is hoped that ending the payment of compensation will contribute to the reintegration of the Iraqi banking system into the global banking system and benefit from the financial abundance that will be achieved.

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

Iraq stopped making payments in 2014 during the war on Islamic State, which controlled a third of the country, but resumed in 2018.

Iraq pays the amount of compensation to a UN fund that was established under the name of the United Nations Compensation Fund.

Iraq relies on about 98% of its annual revenues on oil exports.

 

link  :  https://www.tellerreport.com/news/2021-12-22-iraq-announces-payment-of-the-full-amount-of-gulf-war-compensation-to-kuwait.r1ubbq8xoK.html

 

[3 bucks new rv rate]

Iraq announces the completion of the payment of compensation to Kuwait

WORLDRaghd World about 5 hours ago

 

Reuters

The Iraqi capital, Baghdad – archive

Follow RT on

 

Today, Tuesday, the Central Bank of Iraq announced the full payment of the compensation approved by the United Nations Special Committee for Kuwait.

The bank said in a statement, “The last remaining installment of Kuwait’s compensation amounting to $44 million has been paid, and thus Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council under Resolution No. 687 of 1991, with a total of 5204 billion US dollars.”

He added: “It is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on reintegrating the Iraqi banking system into the global banking system and benefiting from the financial abundance that will be achieved.”

A UN Compensation Committee, formed in 1991, obligated the Baghdad government to pay $52.4 billion in compensation to individuals, companies, governmental organizations, and others who incurred losses resulting directly from the 1991 Gulf War.

Iraq stopped making payments in 2014, during the war against ISIS, which controlled large parts of the country, but resumed payments in 2018.

 

link  :  https://middleeast.in-24.com/world/516271.html

[3 bucks new rv rate]

Iraq Sends Final Kuwait Compensation

17 Dec 2021

Iraq has finally completed its reparations to Kuwait for the 1990 invasion. On 12 December, MEES confirmed with high level Iraqi officials that the ministry of finance had processed the last $45mn payment to the Geneva based United Nations Compensations Commission (UNCC).

The body was formed in 1991 by the UN security council to process claims and disburse compensations for losses and damages suffered as a result of the invasion. The fund originally claimed 30% of the proceeds of Iraqi oil exports while allowing Baghdad to only import necessities through the infamous oil-for-food program (MEES, 12 September 1994). After 2003, the deduction was brought down to 5%. The total Iraq has paid in compensations since 1996 is almost $52.4bn.   

 

link  :  https://www.mees.com/index.php/2021/12/17/news-in-brief/iraq-sends-final-kuwait-compensation/37bb2ec0-5f43-11ec-8562-b3d31db04169

[3 bucks new rv rate]

Central Bank announces completion the last remaining batch of Kuwait compensation

 

Yesterday, 23:43

Baghdad-INA  

The Central Bank of Iraq announced the completion of the last remaining installment of Kuwait's compensation, amounting to 44 million dollars.

And the bank stated in a statement received by the Iraqi News Agency (INA), today, Tuesday, that "the payment of the last remaining installment of the State of Kuwait's compensation amounting to 44 million US dollars has been completed, and thus Iraq has completed the payment of the full amounts of compensation approved by the United Nations Compensation Committee of the Council of  International security under Resolution (687) of 1991, with a total of (52.4) billion US dollars for the State of Kuwait. 

He added, "It is hoped that ending the payment of compensation will contribute to getting Iraq out from item VII, as well as its impact on reintegrating the Iraqi banking system into the global banking system and benefiting from the financial abundance that will be achieved

 

https://ina.iq/eng/16299-central-bank-announces-completion-the-last-remaining-batch-of-kuwait-compensation.html   

[3 bucks new rv rate]

Iraq Ends Kuwait’s Nightmare

5 hours agoLast Updated: December 21, 2021

 

The Central Bank of Iraq has announced the completion of the payment of compensation approved by the United Nations to Kuwait as a result of Saddam Hassan’s invasion of the country in 1991.
Today, Iraq paid $44 million, the final payment, thereby completing the payment under resolution 687 (1991), for a total of $5204 billion.
The Central Bank of Iraq has confirmed that the completion of the payment of compensation will contribute to bringing Iraq out of item VII, integrating it into the global banking system and benefiting from the financial abundance that will be achieved in Iraq’s development.

 

link  :  https://www.profilenews.com/en/iraq-ends-kuwaits-nightmare/

 

 

[MyLadiesDaddy]

Does anyone know if this has been verified by the U.N.?

 

Cause if this is true then it's probably the biggest thing to happen in Dinar World in the last 10 years 

  

[Half Crazy Runner]

6 hours ago, 3 bucks new rv rate said:

benefiting from the financial abundance that will be achieved.”

I love that phrase “financial abundance” 💰💰💰💰 I am sooooo looking forward to experiencing some of that myself! 🥳💰

[lmb4321]

Looking Forward to getting Adam's Text......👍

[Floridian]

The Central Bank of Iraq has confirmed that the completion of the payment of compensation will contribute to bringing Iraq out of item VII, integrating it into the global banking system and benefiting from the financial abundance that will be achieved in Iraq’s development.

 

I don't think you can "integrate into global banking" with toilet paper money.  🙏

[screwball]

23 hours ago, 6ly410 said:

"It is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on reintegrating the Iraqi banking system into the global banking system and benefiting from the financial abundance that will be achieved."

leave this just here

[southbeach]

26 minutes ago, screwball said:

leave this just here

You da man

[screwball]

i have been thinking, what if iraq transitioning to SOFR instead of LIBOR is part of the financial Management Law??? this is a new financial system. Remember LIBOR ends dec 31st as well, this explains why Iraq Government banks will not be offering credit under the old system and why the government banks will not be taking deposits or making payments...googel LIBOR and see that its a major move all part of a possible global currency reset!!!

 

Benchmark interest rates such as the London Interbank Offered Rate (LIBOR) are a core component of global financial markets, influencing borrowing and lending for all types of companies. LIBOR is calculated by submissions from various leading banks that estimate the rate that would be charged to borrow from other banks. It is used pervasively in various types of contracts, with the current contracts that reference LIBOR measuring in the trillions.

In July 2017, the UK Financial Conduct Authority announced that it would no longer compel Panel Banks to participate in the LIBOR submission process after the end of 2021. On the surface, this may appear to be a problem for just the financial sector, but many companies have been surprised at the breadth of their LIBOR exposure outside of financial instruments. The benchmark rate is used in contracts across functions, internal processes, and systems, including in lease contracts, accounts receivable contacts, procurement contracts, transfer pricing processes, intercompany funding contacts, and pension plan assets.

[screwball]

7 hours ago, Floridian said:

The Central Bank of Iraq has confirmed that the completion of the payment of compensation will contribute to bringing Iraq out of item VII, integrating it into the global banking system and benefiting from the financial abundance that will be achieved in Iraq’s development.

 

I don't think you can "integrate into global banking" with toilet paper money.  🙏

als moving to SOFR instead of LIBOR because no  ew contracts are offered after december 31st

[Floridian]

LIBOR

 

noun

FINANCE

 

1. the basic rate of interest used in lending between banks on the London interbank market and also used as a reference for setting the interest rate on other loans.

    

   What Is the Secured Overnight Financing Rate (SOFR)? 

   The secured overnight financing rate (SOFR) is a benchmark interest rate for dollar-denominated derivatives and loans that is replacing the London interbank offered rate(LIBOR). Interest rate swaps on more than $80 trillion in notional debt switched to the SOFR in October 2020. This transition is expected to increase long-term liquidity but also result in substantial short-term trading volatility in derivatives.

[Floridian]

Secured Overnight Financing Rate (SOFR)

Here's a thought!  Could all this SOFR, Derivatives, and RESET have anything to do with XRP?

It's a year today that the SEC started the lawsuit against Ripple.  

Brad Kimes says (and I agree) that when the lawsuit is over, XRP will be the most "vetted" crypto there is.

 

I don't remember the name, but somebody at Ripple said that XRP would handle "ALL the money!"

 

Whadaya think?

[screwball]

13 minutes ago, Floridian said:

Secured Overnight Financing Rate (SOFR)

Here's a thought!  Could all this SOFR, Derivatives, and RESET have anything to do with XRP?

It's a year today that the SEC started the lawsuit against Ripple.  

Brad Kimes says (and I agree) that when the lawsuit is over, XRP will be the most "vetted" crypto there is.

 

I don't remember the name, but somebody at Ripple said that XRP would handle "ALL the money!"

 

Whadaya think?

i think most central banks would have their own crypto....eventully. not sure if ripple will play a role

[Floridian]

13 minutes ago, screwball said:

i think most central banks would have their own crypto....eventully. not sure if ripple will play a role

 

No, that's not what I meant.  Hopefully, XRP will be a bridge currency for money sent between Central Banks of all the countries.  That would be billions and trillions of dollars - ALL THE MONEY!   

[screwball]

2 minutes ago, Floridian said:

 

No, that's not what I meant.  Hopefully, XRP will be a bridge currency for money sent between Central Banks of all the countries.  That would be billions and trillions of dollars - ALL THE MONEY!   

yeah i dont think so but could be wrong have been plenty of times before

[yota691]

The “Central” intervened to pay the last installment
The Iraqi government speeds up the closure of the Kuwait compensation page

| Khaled Al-Sharqawi wrote |
December 22 2021
09:30 PM
461   

Informed sources revealed to "Al-Rai" that the United Nations Compensation Committee will hand over to Kuwait the last batch of compensation owed to it from Iraq "at the end of this month or the beginning of next January at the latest," noting that the committee "will meet in February to issue its own report that Iraq has He fulfilled all his obligations in terms of paying the compensation claims settled on him in full to Kuwait.

The sources commented on the announcement of the Central Bank of Iraq to complete the payment of the last remaining installment of Kuwait’s compensation amounting to 44 million US dollars, “and thus Iraq has completed the payment of the full compensation amounts” approved by the United Nations Security Council Committee (UNCC) under Resolution No. 687 of the year 1991, totaling $52.4 billion.

[3 bucks new rv rate]

On 12/22/2021 at 9:20 PM, Half Crazy Runner said:

I love that phrase “financial abundance” 💰💰💰💰 I am sooooo looking forward to experiencing some of that myself! 🥳💰

me too. cing cing 

[SONIA1]

On 12/22/2021 at 10:40 AM, Floridian said:

The Central Bank of Iraq has confirmed that the completion of the payment of compensation will contribute to bringing Iraq out of item VII, integrating it into the global banking system and benefiting from the financial abundance that will be achieved in Iraq’s development.

 

I don't think you can "integrate into global banking" with toilet paper money.  🙏

Yes you can ..example Vietnamese Dong

[Floridian]

1 hour ago, SONIA1 said:

Yes you can ..example Vietnamese Dong

 

Oh man!  What a disappointment!

Thanks for the information.  

[yota691]

DECEMBER 22 2021

A value of 52.4 billion dollars .. Iraq pays Kuwait full compensation for the Gulf War

The Central Bank of Iraq announced the full payment of the Gulf War compensation approved by the United Nations to Kuwait, amounting to 52.4 billion dollars.

In 1991, a United Nations compensation commission was formed, obligating Baghdad to pay $52.4 billion to individuals, companies, government organizations, and others, who incurred direct losses as a result of the invasion and occupation of Kuwait. (Michel Gangne/AFP)

 

 

The Central Bank of Iraq announced on Tuesday that it had paid the full financial compensation approved by the United Nations in favor of Kuwait due to the Gulf War, amounting to 52.4 billion dollars.

The bank said in a statement that "the last remaining batch of compensation from the State of Kuwait, amounting to $44 million, has been paid."

The statement stated that "in this way, Iraq will have completed the payment of the full amount of compensation approved by the United Nations Compensation Committee of the UN Security Council, pursuant to Resolution 687 of 1991, with a total of 52.4 billion dollars to Kuwait."

He added, "It is hoped that ending the payment of compensation will contribute to the reintegration of the Iraqi banking system into the global banking system, and benefit from the financial abundance that will be achieved."

In 1991, a United Nations compensation committee was formed, obligating Baghdad to pay $52.4 billion to individuals, companies, government organizations and others, who incurred direct losses as a result of the invasion and occupation of Kuwait.

Iraq stopped making payments in 2014 during the war on ISIS, which controlled a third of the country, but resumed them in 2018.

Iraq pays the amount of compensation to a UN fund established under the name of the United Nations Compensation Fund, and Iraq relies on 98 percent of its annual revenues on oil exports.