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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    After 31 years.. Iraq closes the most prominent outstanding issues with Kuwait

    Rocky
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    After 31 years.. Iraq closes the most prominent outstanding issues with Kuwait Empty After 31 years.. Iraq closes the most prominent outstanding issues with Kuwait

    Post by Rocky Wed 22 Dec 2021, 6:34 am

    After 31 years.. Iraq closes the most prominent outstanding issues with Kuwait


    •  Time: 12/21/2021 20:28:19
       
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    {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 installment 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.
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    After 31 years.. Iraq closes the most prominent outstanding issues with Kuwait Empty Iraq announces the end of the Kuwait compensation file

    Post by Rocky Wed 22 Dec 2021, 6:58 am

    [size=52]Iraq announces the end of the Kuwait compensation file[/size]


    [size=45]Today, Tuesday, the Central Bank of Iraq announced the completion of the payment of compensation for the State of Kuwait.[/size]
    [size=45]And the bank stated in a statement, “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 compensation amounts approved by the United Nations Compensation Committee of the UN Security Council under Resolution No. (687). For the year 1991, a total of (52.4) billion US dollars for the State of Kuwait.[/size]
    [size=45]The statement indicated that "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."[/size]
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    After 31 years.. Iraq closes the most prominent outstanding issues with Kuwait Empty Iraq announces the final closure of the Kuwaiti compensation page

    Post by Rocky Wed 22 Dec 2021, 7:03 am

     Iraq announces the final closure of the Kuwaiti compensation page

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    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.
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