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*National Alliance: Iraq Seeks to Cancel the Debts Incurred by Companies, Individuals and Countries ...

Thursday, January 13, 2011

National Alliance: Iraq seeks to cancel the debts incurred by companies, individuals and countries

Alsumaria News / Baghdad

MP for the National Alliance on Falh, Thursday, that Iraq is seeking to cancel debt for quite a few companies and individuals and nations, noting that some lawmakers have made presentations to the Minister of Foreign Affairs on the seventh item.

Falh said in an interview for "Alsumaria News", "Iraq is seeking to cancel the debt owed him for quite a few companies and individuals and nations, during the invasion of Kuwait in 1991."

Falh added that "a number of interventions provided to the House of Representatives and Foreign Minister Hoshyar Zebari on item VII, where he was raised how to keep the Iraqi funds after the expiration of the maintenance and the amount of six months."

The UN Security Council approved during its meeting last month, three special resolutions in Iraq, ending the first oil for food program, while calling the other to extend the immunity that protects Iraq from claims associated with an era of former President Saddam Hussein to the June 30, 2011 (six months) instead be stopped in time later this month as scheduled at the beginning, after Iraq said it would not request any further extensions of the work (the Development Fund for Iraq) which was the immunity from claims for compensation.

In the third resolution, approved by the UN Security Council to lift the ban on imports of Iraq's nuclear program to implement the civilian nuclear ending restrictions on weapons of mass destruction, missiles and so put an end to the ban lasted 19 years, under resolution 687 of 1991.

The Iraqi government is keen to ensure the extension of the work of the Fund which was established in 2003 after the fall of Saddam Hussein in order to protect revenues from sales of oil and natural gas in Iraq.

Iraq has been under since 1990 under Chapter VII of the Charter of the United Nations, which imposed on him after the invasion of the regime of President Saddam Hussein of Kuwait in August of the same year, and this item allows the use of force against Iraq as a threat to international security, in addition to the freezing of large amounts of its assets financial in the international banks to pay compensation to those affected by the invasion of Kuwait.

And consists of Chapter VII of the 13 articles, is resolution 678, issued in 1990 and calling for the ousting Iraq from Kuwait, by force of the provisions of this chapter, Iraq is still under Tailth, because the survival of the issue of the remains of Kuwaiti citizens and prisoners of war in Iraq and Kuwaiti property, including archives of the Amiri Diwan and the Crown Prince's Court and the question of environmental awards and oil, which is not only about the state of Kuwait and other Arab countries and companies still have some rights.

It is noteworthy that Kuwait had asked the UN Security Council, in July of 2009, before its to discuss Iraq's international obligations not to raise Iraq from the list of Chapter VII of the Charter of the United Nations before has met all its obligations, especially in the cases of compensation and POWs and missing Kuwaiti and its emphasis on the need to respect Iraq of resolution 833 judge the demarcation of the border between Iraq and Kuwait, after Iraqi objections that appear from time to time on the demarcation of the border, and then reiterated the same demands this week by a number of Kuwaiti Parliament.

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Posted by Kel at 1/13/2011 06:58:00 PM Labels: iraq chapter 7, Paying Debts

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This post just made me think of something....

Could Iraq claim Odious Debt for all of this?

If you're unfamiliar with that concept, Google it.

Lonz, are you thinking that the Dinar we hold is apart of their Debt? Just curious what ya mean? I read the about Odious Debt a little.

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Lonz, are you thinking that the Dinar we hold is apart of their Debt? Just curious what ya mean? I read the about Odious Debt a little.

Perhaps...

Since no WMD were found and there was no 9/11 link, they could skew this as a war of aggression. The currency issued could be considered a debt instrument... they could claim odious debt and re-issue new currency?

Just a thought.

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This post just made me think of something....

Could Iraq claim Odious Debt for all of this?

If you're unfamiliar with that concept, Google it.

Interesting....

Because the new GOI is a whole new Govt. and Saddam's regime is done & over with.

Perhaps...

Since no WMD were found and there was no 9/11 link, they could skew this as a war of aggression. The currency issued could be considered a debt instrument... they could claim odious debt and re-issue new currency?

Just a thought.

Isn't the NEW Iraqi dinar already a new currency?

They basically removed all of Saddam's currency...

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Interesting....

Because the new GOI is a whole new Govt. and Saddam's regime is done & over with.

Isn't the NEW Iraqi dinar already a new currency?

They basically removed all of Saddam's currency...

Couldn't the cost of the new regime be written off as debt incurred by the old regime? There would be no new regime if it wasn't for us financing a coalition to remove the old one.... Hence, the transition cost could be viewed as a product of (the removal of) the old regime.

I'm not sayin, I'm just sayin... politicians are no strangers to pulling **** moves, and they have the oil.

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