nannab Posted December 22, 2021 Report Share Good morning Yota and DV 2 1 2 Quote Link to comment Share on other sites More sharing options...
dinarbeleiver Posted December 22, 2021 Report Share Come on Iraq it’s time to give your citizens purchasing power ! 3 2 1 3 1 Quote Link to comment Share on other sites More sharing options...
jg1 Posted December 22, 2021 Report Share 21 minutes ago, dinarbeleiver said: Come on Iraq it’s time to give your citizens purchasing power ! Not only that but, also a share of the oil sales and I would say make it retroactive. 3 4 1 1 1 Quote Link to comment Share on other sites More sharing options...
Mary B Posted December 22, 2021 Report Share Iraq announces the final closure of the Kuwaiti compensation page Economy News _ Baghdad The Central Bank of Iraq announced, on Wednesday, the completion of the last remaining installment of Kuwait's compensation, amounting to 44 million dollars. The bank said in a statement received by "Al-Iqtisad News", that "the payment of the last remaining installment of the State of Kuwait's compensation amounting to $44 million has been completed." He continued by saying, "With this, Iraq will have completed the full payment of the compensation amounts 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 US dollars for the State of Kuwait." 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." 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. Iraq had stopped making payments between 2015 and 2017 during the war on the terrorist "ISIS", which controlled a third of the country, but it resumed in 2018. Iraq was paying the amount of compensation to a UN fund established under the name of the United Nations Compensation Fund, through a percentage of oil sales. Views 534 Date Added 12/22/2021 https://economy-news.net/content.php?id=27003 3 1 1 Quote Link to comment Share on other sites More sharing options...
Mary B Posted December 22, 2021 Report Share After 31 years.. Iraq closes the most prominent outstanding issues with Kuwait Time: 12/21/2021 20:28:19 Reading: 2,756 times {Political: Al Furat News} Iraq has completed paying the compensation amounts allocated to the State of Kuwait for the losses of the Saddam's invasion of the neighboring country in 1990, at a value of 44 million US dollars. The Central Bank of Iraq stated: "The payment of the last remaining payment of $44 million in compensation from the State of Kuwait has been completed, and thus Iraq has completed the payment of the full compensation amounts approved by the United Nations Compensation Committee." The bank's statement today, Tuesday, said: "It is hoped that ending the payment of compensation will contribute to the re-integration of the Iraqi banking system into the global banking system." Thus, Iraq paid 52.2 billion dollars to compensate for the destruction caused by its invasion of Kuwait to the Kuwaiti infrastructure and the losses it caused to Kuwaiti citizens and foreigners as a result of the Saddamist invasion. https://alforatnews.iq/news/بعد-31-عاماً-العراق-يغلق-أبرز-الملفات-العالقة-مع-الكويت 1 3 2 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted December 23, 2021 Author Report Share For the sake of the banking system.. Kuwait: Iraq handed over the last batch of compensation before it was due 2021-12-23 01:14 Shafaq News/ Kuwait announced that Iraq delivered the last batch of compensation amounting to 44 million dollars before it was due. The Kuwaiti Al-Rai newspaper, quoting officials, reported that "Iraq paid the last payment of $44 million to complete the remaining $629 million for Kuwait, revealing that the amount returned from the deduction from oil sales amounted to about $585 million, and the remaining 44 million, so the Iraqi government decided to pay The remaining amount instead of waiting for the next quarterly withholding payment to be due, in the spring of 2022.” She added that "the Iraqi government wants to achieve two goals, the first is a message of friendly signal to Kuwait of its commitment to implement its commitments, and the second is to re-integrate the Iraqi banking system with the global banking system." And she indicated that "the United Nations Compensation Committee will hand over to Kuwait the last batch of compensation due to it from Iraq at the end of this month or the beginning of next January at the latest, indicating that the committee will meet next February to issue its own report that Iraq has fulfilled all its obligations in terms of paying the prescribed compensation claims. It is complete for Kuwait. In accordance with Security Council resolutions, the percentage deducted from the proceeds of export sales of oil and its products was 5% in 2003, then it decreased to 0.5% in 2018, and then rose to 1.5% in 2019, to stabilize since 2020 at 3%. 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. On November 21, 2021, the Central Bank announced the payment of the last batch of compensation to Kuwait amounting to (44) million US dollars, expressing the hope that the termination of the payment of compensation would contribute to removing Iraq from Chapter VII. 1 3 3 5 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted December 23, 2021 Report Share Good morning Yota; This statement says it all... " to re-integrate the Iraqi banking system with the global banking system." 2 1 8 2 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted December 23, 2021 Report Share 1 hour ago, Wiljor said: Good morning Yota; This statement says it all... " to re-integrate the Iraqi banking system with the global banking system." I like the part where it says they're paying early and not waiting for the next quarterly payment. Makes me think they needed to pay early to accomplish another goal earlier than end of 1st qtr 2022... 3 1 1 Quote Link to comment Share on other sites More sharing options...
WheresmyRV? Posted December 23, 2021 Report Share 1 hour ago, Wiljor said: Good morning Yota; This statement says it all... " to re-integrate the Iraqi banking system with the global banking system." Sure does! 1 1 2 Quote Link to comment Share on other sites More sharing options...
new york kevin Posted December 23, 2021 Report Share On 12/22/2021 at 6:50 AM, yota691 said: The Central Bank had announced yesterday, Tuesday, the payment of the last batch of compensation to Kuwait amounting to (44) million US dollars, expressing the hope that the termination of the payment of compensation will contribute to removing Iraq from Chapter VII. Sooo Yota, y'all sayin thars a chance that it could or might ... be .... s o o _ ? Would you dare to pontificate the likelihood that the rate could change to $ .10 , $ .60 , or a full $1.00 by March 2022 ? Nothing written in stone mind you, just Your best guess; with a capital G . (Yeah, I know a wussy rookie question.) 1 1 1 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted December 23, 2021 Report Share 35 minutes ago, new york kevin said: Sooo Yota, y'all sayin thars a chance that it could or might ... be .... s o o _ ? Would you dare to pontificate the likelihood that the rate could change to $ .10 , $ .60 , or a full $1.00 by March 2022 ? Nothing written in stone mind you, just Your best guess; with a capital G . (Yeah, I know a wussy rookie question.) You're not a rookie 3 Quote Link to comment Share on other sites More sharing options...
Mary B Posted December 23, 2021 Report Share For this reason.. Kuwait: Iraq handed over the last batch of compensation before it was due THURSDAY, 12-23-2021,PM 12:27 KARAR AL ASADI http://non14.net/public/images/large/8-1640251654.jpg Kuwait announced that Iraq handed over the last batch of compensation amounting to 44 million dollars before it was due. The Kuwaiti Al-Rai newspaper, quoting officials, stated that "Iraq paid the last payment of $44 million to complete the remaining $629 million for Kuwait," revealing that "the amount returned from the deduction from oil sales, amounted to about $585 million, and the remaining 44 million, so the Iraqi government decided Pay the remaining amount rather than wait until the next quarterly withholding payment is due, in the spring of 2022.” She added that "the Iraqi government wants to achieve two goals, the first is a message of friendly signal to Kuwait of its commitment to implement its commitments, and the second is to re-integrate the Iraqi banking system with the global banking system." She indicated 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 next February to issue its own report that Iraq has fulfilled all its obligations in terms of payment." The compensation claims imposed on him are in full to Kuwait. In accordance with Security Council resolutions, the percentage deducted from the proceeds of export sales of oil and its products was 5% in 2003, then it decreased to 0.5% in 2018, and then rose to 1.5% in 2019, to stabilize since 2020 at 3%. 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. On November 21, 2021, the Central Bank announced the payment of the last batch of compensation to Kuwait amounting to (44) million US dollars, expressing the hope that the termination of the payment of compensation would contribute to removing Iraq from Chapter VII. http://non14.net/public/142894 1 3 1 Quote Link to comment Share on other sites More sharing options...
Mary B Posted December 23, 2021 Report Share Kuwait: Iraq paid the last batch of compensation 3 months ahead of schedule Yes Iraq: Baghdad Kuwait announced that Iraq handed over the last batch of compensation amounting to 44 million dollars before its due date in the spring of next year. The Kuwaiti Al-Rai newspaper, quoting officials, reported that “Iraq paid the last payment of $44 million to complete the remaining $629 million for Kuwait, revealing that the amount returned from the deduction from oil sales amounted to about $585 million, and the remaining 44 million, so the Iraqi government decided to pay The remaining amount instead of waiting for the next quarterly withholding payment to be due, in the spring of 2022.” She added that "the Iraqi government wants to achieve two goals, the first is a message of friendly signal to Kuwait of its commitment to implement its commitments, and the second is to re-integrate the Iraqi banking system with the global banking system." She indicated 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, indicating that the committee will meet next February to issue its own report that Iraq has fulfilled all its obligations in terms of paying the prescribed compensation claims. It is complete for Kuwait. In accordance with Security Council resolutions, the percentage deducted from the proceeds of export sales of oil and its products was 5% in 2003, then it decreased to 0.5% in 2018, and then rose to 1.5% in 2019, to stabilize since 2020 at 3%. 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. On November 21, 2021, the Central Bank announced the payment of the last batch of compensation to Kuwait amounting to (44) million US dollars, expressing the hope that the termination of the payment of compensation would contribute to removing Iraq from Chapter VII. 3 1 Quote Link to comment Share on other sites More sharing options...
Mary B Posted December 23, 2021 Report Share Just now, Mary B said: Kuwait: Iraq paid the last batch of compensation 3 months ahead of schedule Yes Iraq: Baghdad Kuwait announced that Iraq handed over the last batch of compensation amounting to 44 million dollars before its due date in the spring of next year. The Kuwaiti Al-Rai newspaper, quoting officials, reported that “Iraq paid the last payment of $44 million to complete the remaining $629 million for Kuwait, revealing that the amount returned from the deduction from oil sales amounted to about $585 million, and the remaining 44 million, so the Iraqi government decided to pay The remaining amount instead of waiting for the next quarterly withholding payment to be due, in the spring of 2022.” She added that "the Iraqi government wants to achieve two goals, the first is a message of friendly signal to Kuwait of its commitment to implement its commitments, and the second is to re-integrate the Iraqi banking system with the global banking system." She indicated 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, indicating that the committee will meet next February to issue its own report that Iraq has fulfilled all its obligations in terms of paying the prescribed compensation claims. It is complete for Kuwait. In accordance with Security Council resolutions, the percentage deducted from the proceeds of export sales of oil and its products was 5% in 2003, then it decreased to 0.5% in 2018, and then rose to 1.5% in 2019, to stabilize since 2020 at 3%. 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. On November 21, 2021, the Central Bank announced the payment of the last batch of compensation to Kuwait amounting to (44) million US dollars, expressing the hope that the termination of the payment of compensation would contribute to removing Iraq from Chapter VII. link https://yesiraq.com/الكويت-العراق-سدد-الدفعة-الاخيرة-من-ال/ 2 1 Quote Link to comment Share on other sites More sharing options...
Mary B Posted December 23, 2021 Report Share (edited) Legal eLegal expert: The expiry of Kuwait’s compensation has nothing to do with Iraq’s exit from Chapter VIIxpert: aq’s exit from Chapter I 2021-12-23 11:26 Legal expert: The expiry of Kuwait’s compensation has nothing to do with Iraq’s exit from Chapter VII Shafaq News/ Legal expert Tariq Harb confirmed today, Wednesday, that the payment of the last batch of Kuwait's compensation has nothing to do with Iraq's exit from Chapter VII. Harb told Shafaq News Agency, "Chapter VII was lifted several years ago, and what has now ended with regard to the debt committee that was based on Chapter VII by deducting sums from Iraq," noting that "Iraq after exiting Chapter VII was able throughout The past years of buying weapons and the process of trading in all things, and thus the completion of the payment of compensation, has nothing to do with Iraq's exit from Chapter VII. Harb added, "After it paid the last amount of $44 million, all compensation under Security Council Resolution 87 of 1991 ended," adding at the same time, that "these debts were not even applied under Chapter VII when payments were postponed in 2014 with The entry of ISIS and the drop in oil prices. The Central Bank had announced yesterday, Tuesday, the payment of the last batch of compensation to Kuwait amounting to (44) million US dollars, expressing the hope that the termination of the payment of compensation will contribute to removing Iraq from Chapter VII. Iraq had to deposit 5 percent of its export revenues from sales of oil, its products and gas, before reducing it to 3 percent in 2018 in a UN fund that was established under the name of the United Nations Compensation Fund. 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. https://shafaq.com/ar/سیاسة/خبير-قانوني-لا-علاقة-بانتها-سداد-تعويضات-الكويت-بخروج-العراق-من-البند-السابع Edited December 23, 2021 by Mary B title is not showing up Legal expert: The expiry of Kuwait’s compensation has nothing to do with Iraq’s exit from Chapter VII 3 1 Quote Link to comment Share on other sites More sharing options...
Fimum Posted December 23, 2021 Report Share "the committee will meet next February to issue its own report that Iraq has fulfilled all its obligations in terms of payment." So nice; the UN committee won't meet until February. Wait, wait, wait... 1 1 1 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted December 23, 2021 Report Share More foot dragging & sand bagging...no sense of urgency-either that or this is yet another attempt at misdirection. 1 1 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted December 23, 2021 Report Share It probably doesn't mean as much as we hope, but it is one more step towards the finish line! 1 2 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted December 23, 2021 Report Share 7 hours ago, Wiljor said: Good morning Yota; This statement says it all... " to re-integrate the Iraqi banking system with the global banking system." Its happening! 😎 2 2 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted December 23, 2021 Report Share 3 hours ago, Mary B said: and the second is to re-integrate the Iraqi banking system with the global banking system." Yeah baby! 1 2 Quote Link to comment Share on other sites More sharing options...
new york kevin Posted December 23, 2021 Report Share 3 hours ago, horsesoldier said: More foot dragging & sand bagging...no sense of urgency-either that or this is yet another attempt at misdirection. I don't know if I should give you an upvote, a thanks, or a sad face, orna laughing face on this one. Cuz one way or another they all fit the truth of what you said. 3 snaps up in a Z formation to it truly going up the way we want it . 1 1 Quote Link to comment Share on other sites More sharing options...
SocalDinar Posted December 23, 2021 Report Share 5 Quote Link to comment Share on other sites More sharing options...
NoviceInvestor Posted December 23, 2021 Report Share 5 hours ago, Fimum said: "the committee will meet next February to issue its own report that Iraq has fulfilled all its obligations in terms of payment." So nice; the UN committee won't meet until February. Wait, wait, wait... February🤔 1 1 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted December 23, 2021 Report Share 17 minutes ago, NoviceInvestor said: February🤔 I've seen a few things that indicate March/April instead of January RI/RV 2 1 2 Quote Link to comment Share on other sites More sharing options...
md11fr8dawg Posted December 24, 2021 Report Share 5 hours ago, Fimum said: the UN committee won't meet until February. That's because they are very very busy. Not enough hours in the day for them to get all the useful work done that they need to do!! 2 1 Quote Link to comment Share on other sites More sharing options...
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