Home
Iraq's economy awaits the payment of "Kuwait compensation"
[You must be registered and logged in to see this link.]an Iraqi journalist [ltr][You must be registered and logged in to see this link.][/ltr]
Saturday 25 December 2021 20:02
[You must be registered and logged in to see this link.] [url=https://twitter.com/share?text=%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82 %D9%8A%D8%AA%D8%B1%D9%82%D8%A8 %D8%AD%D8%B5%D8%A7%D8%AF %D8%B3%D8%AF%D8%A7%D8%AF "%D8%AA%D8%B9%D9%88%D9%8A%D8%B6%D8%A7%D8%AA %d8%a7%d9%84%d9%83%d9%88%d9%8a%d8%aa"&url=https://www.independentarabia.com/node/288891][/url] [url=whatsapp://send?text=%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82 %D9%8A%D8%AA%D8%B1%D9%82%D8%A8 %D8%AD%D8%B5%D8%A7%D8%AF %D8%B3%D8%AF%D8%A7%D8%AF "%D8%AA%D8%B9%D9%88%D9%8A%D8%B6%D8%A7%D8%AA %D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA" [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
Reparations for the Kuwait war cost the Iraqi state billions of dollars (AFP)[/size]
[/rtl]
This is expected to contribute to the re-integration of the local banking system with its global counterpart
[You must be registered and logged in to see this link.][You must be registered and logged in to see this link.]an Iraqi journalist [ltr][You must be registered and logged in to see this link.][/ltr]
Saturday 25 December 2021 20:02
[You must be registered and logged in to see this link.] [url=https://twitter.com/share?text=%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82 %D9%8A%D8%AA%D8%B1%D9%82%D8%A8 %D8%AD%D8%B5%D8%A7%D8%AF %D8%B3%D8%AF%D8%A7%D8%AF "%D8%AA%D8%B9%D9%88%D9%8A%D8%B6%D8%A7%D8%AA %d8%a7%d9%84%d9%83%d9%88%d9%8a%d8%aa"&url=https://www.independentarabia.com/node/288891][/url] [url=whatsapp://send?text=%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82 %D9%8A%D8%AA%D8%B1%D9%82%D8%A8 %D8%AD%D8%B5%D8%A7%D8%AF %D8%B3%D8%AF%D8%A7%D8%AF "%D8%AA%D8%B9%D9%88%D9%8A%D8%B6%D8%A7%D8%AA %D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA" [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
Reparations for the Kuwait war cost the Iraqi state billions of dollars (AFP)[/size]
A few days ago, Iraq ended the file of compensation for [You must be registered and logged in to see this link.] that took place during the last decade of the last century, as it paid the last payment of dues, amounting to 44 million dollars, and it is expected that this will contribute to the re-integration of the Iraqi banking system with its global counterpart and benefit from the financial abundance that will be achieved.
The [You must be registered and logged in to see this link.] Bank [You must be registered and logged in to see this link.] said earlier that "the payment of the last remaining installment of the State of Kuwait's compensation amounting to $44 million has been completed, and thus Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the Security Council under Resolution 687 of the year 1991, with a total of $52.4 billion for the State of Kuwait.
Closing the compensation file, beginning of closing the remains of Chapter VII
The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, said in a press statement that "the compensation file cost [You must be registered and logged in to see this link.] about 52.4 billion dollars in GDP and the efforts of its economy, which is not small, as it is sufficient to build an electricity network system that will revive the country for many years." He added, "This reckless war was borne by the people of Iraq, and closing the Kuwait compensation file is a new page in Iraq's economic history."
Saleh revealed that "this file was costing Iraq daily from 6 to 7 million dollars," noting that "the value of these funds from its current exports, which amount to more than two billion dollars annually, will be added to the country's budget, and block one of the exchange doors." He expressed his hope that "these funds will go to development represented by investment projects that employ the workforce and produce income," noting that "closing the compensation file is the beginning of closing the remains of Chapter VII."
[You must be registered and logged in to see this link.] advisor explained that “about 40 resolutions were imposed on Iraq because of the Kuwait war by the Security Council, and it has been completely shackled until the present time. United".
[rtl]read more[/rtl]
- [You must be registered and logged in to see this link.]
- [You must be registered and logged in to see this link.]
He stated that "Iraq was considered an aggressor country, while in fact it is peaceful and loving to its friends and neighbors," expressing his hope that "all the country's disputes will be resolved within Chapter VI by amicable means in truth." He pointed out that "Iraq has great prospects for its integration into the global economy," explaining that "the isolation in which it lives is great, and the world's planes still do not reach Baghdad airport except for some regional countries, and this is part of the siege that classifies the country as a war zone, which requires costs. Insurance and shipping in technology transfer and in dealing with economic progress.
Saleh stressed "the need for a ten-year development plan to benefit from oil imports, starting with the infrastructure and ending with income-generating projects in all cases," expecting that "2022 will be a year of progress and prosperity for Iraq and broad positive indicators that begin with the closure of Chapter VII of the Charter of the United Nations and the end of Compensation for the Kuwait war, a return to normal economic life, and integration into the international community.
In turn, the winner of the elections, Haider al-Jubouri, criticized the unprofessional handling of the file of ending Iraq's debts in favor of Kuwait. He said in a press statement that "the Iraqi debt file in favor of Kuwait is important and lasted for more than 20 years, under which large sums were paid, and it represents a historical stage." He added, "Therefore, after announcing the end of this file and Iraq's payment of these debts, dealing with this issue was irresponsible, and it would have been more appropriate for the two countries to announce this officially in a conference in front of the media." He pointed out that "public opinion does not yet know what are the next steps to pay off the debt, so why did the Iraqi Foreign Ministry not clarify this in coordination with Kuwait?"
Its repercussions are positive
And economic researcher Evan Shaker points out that "after Iraq pays the last batch of compensation to the State of Kuwait, this will have positive repercussions on the first's economy in general and its banking system in particular, as well as lifting restrictions on the banking system and upgrading it and integrating it with its global counterpart."
He added to "The Independent Arabia", "The government's success in exploiting this financial abundance and adopting a policy of openness to the world will attract foreign investment, and will help expedite the country's removal from the tutelage of Chapter VII."
The economic and political researcher, Nabil Jabbar Al-Ali, explained that the payment of compensation allows Iraq a broader political and economic space in its international relations at the diplomatic and commercial levels.
He continued, "The total amount that the country has repaid over the 17 years since 2003 until today is $52.4 billion, equivalent to approximately 5% of its total oil revenues. Government parties are trying to redirect the funds that were intended to pay compensation towards establishing sovereign funds for the future in which funds will be collected and invested." Internationally as a fund for generations, however, the idea may not be appropriate. The additional financial abundance estimated at about 2 to 3 billion dollars annually that was allocated to Kuwait’s compensation, it is preferable to place it in a local development fund that participates in the development of a development program to establish profitable and sustainable development projects for the fund and outside the authority of the government And it contributes to strengthening national development plans, instead of the annual borrowing operations that the Iraqi government holds with international parties to pay off some of its expenses or spending on projects classified in its investment budget.
He pointed out that "this amount may equal or exceed what was allocated in the annual contracts, which is called the Iraqi-Chinese agreement."
[You must be registered and logged in to see this link.]
» MM&C 9/29/24 What after the closure of the currency auction at the Central Bank of Iraq?
» MM&C 9/29/24 "THE EXPECTED PATH OF THE IRAQI ECONOMY"
» utube 9/28/24 MM&C IQD Update News -Iraq PM - $83 Billion 3 Years - Stability - Global Contracts -
» utube MM&C 9/26/24 Iraq Dinar News-Iraq Plans Redenomination of Currency-Value of it Related-Elect
» Advisor to the Prime Minister rules out a decline in gold prices in the coming period..and explains
» Legal expert: If it weren't for the Security Council's collusion, the Zionist entity would have been
» Minister of Planning announces field progress in preparations for the census
» Proposal before the government to form an economic and security crisis cell
» Al-Karawi: The government's ignoring of the resistance's request is a betrayal of the blood of the m
» Iraq is the fourth largest importer from Türkiye during the past month
» The Prime Minister directs that Lebanese citizens wishing to come to Iraq be granted fast travel doc
» US releases founder of cryptocurrency exchange Binance
» The Central Bank of Iraq issues a warning to exchange companies regarding the sale of dollars
» The Central Bank of Iraq sells more than $ 258 million in today's auction
» Launching of aid and scholarship salaries this week
» Karbala begins implementing 154 projects
» Next Tuesday.. Closing of the application for the central admission form
» Service effort: Including the capital and 4 governorates in next year’s plans
» Rafidain Bank issues instructions for granting real estate loans
» The expected path of the Iraqi economy
» Experts: Population census shapes economic policies and directs investments
» Central Bank records more than $1 billion in currency sales in a week
» The Central Bank of Iraq warns exchange companies that sell dollars to travelers from receiving a co
» Iraq under the microscope.. Will Baghdad succeed in avoiding regional conflict after the assassinati
» Al-Sudani makes a phone call to the Lebanese Prime Minister
» How will developments in Lebanon affect the Iraqi economy and the oil market?
» The position of the Speaker of Parliament and developments in the region on the table of Masoud Barz
» Targeting of an American base in Syria by Iraqi factions
» Official: Border shelling targeted Iraqi faction, reports of casualties
» How much is Iraq's external debt in light of the fluctuation in oil prices?
» Iraq is not far from war.. Will the factions enter into a confrontation with Israel?
» Outcomes of the Coordination Framework Meeting in the Presence of Al-Sudani
» Al-Sudani renews to Mikati Iraq's firm position in supporting Lebanon and standing with it
» Iraq's oil exports to US rise in a week
» 5 governorates on the 2025 service effort plan
» Dollar exchange rates in Iraqi stock exchanges today
» Drug Law Amendments: No Life Sentences Anymore... Trade and Agriculture Will Be Faced with "Death Pe
» A long-awaited historic position... When will the coalition forces leave Iraq?
» Warnings of an imminent economic danger... and the alternative solution is taxes!
» Dilapidated buildings and shortages... Iraq needs new schools!
» Iraq is the second Gulf country to award contracts worth more than $2 billion
» Intensive US movements on the Iraqi-Syrian border.. Where is the situation heading? - Urgent
» Iraqi Minister of Water Resources speaks to Al Jazeera Net about solutions to the water crisis
» Iraqi Foreign Ministry: Expanding the scope of war in the region leads to serious consequences
» /Information/ reveals the location of the Rafidain Bank robbers in Ramadi
» Al-Sudani Office for /Al-Maalouma/: Foreign workers threaten graduates
» Foreign Minister invites his Venezuelan counterpart to visit Baghdad
» "Government" real estate loans with amounts up to 150 million dinars.. Conditions and details
» Setting a date to launch 102 investment opportunities in Iraq
» Bitcoin Set to Post Best September Ever on Rate Cut
» What is the truth about the existence of a naval embargo imposed on Iraq?
» More than $70 million in Iraqi imports of Indian tea
» Oil price decline: Impact hits new groups in Iraq
» Parliamentary Finance to NINA: The decline in global oil prices will not affect employees’ salaries
» Al-Hakim: Investing in tourism as one of the sources of financial revenues for the state
» From Najaf Al-Ashraf.. The Minister of Labor announces the completion of the procedures for issuing
» Parliamentary Finance to NINA: The decline in global oil prices will not affect employees’ salaries
» 19,000 dinars difference from the official price.. The dollar falls slightly in Baghdad
» Al-Asadi: We call on citizens to invest in the retirement and social security law
» “Worth $4 billion”: Iran exports engineering services to Iraq
» US, Iraq agree to end 'alliance' in September 2025
» New tax will push house prices up, Iraq's real estate market into recession
» It is black and includes Iraq.. Netanyahu waves the “curse map” before the United Nations
» “The wiretapping scandal” complicates the political scene.. The second term is far from Al-Sudani
» Suspicions surround hospital projects.. Is corruption hindering the Chinese agreement in Iraq?
» Statement issued by the media office of Dr. Iyad Allawi
» Faeq Zidane: The jurisdiction of law and judiciary is a constitutional and legal jurisdiction
» Sudanese arrives in Baghdad
» Planning: Completion of 70% of inventory and numbering work in Kirkuk
» Rafidain Bank announces granting real estate loans to three categories
» Dollar price today
» Netanyahu enters with maps and attendees leave the General Assembly session.. What did he mention Ir
» The historic agreement on international withdrawal... a turning point in the path of Iraqi sovereign
» Includes citizens, employees and retirees.. A real estate loan from Rafidain worth 150 million dinar
» Does it include an American withdrawal? Two important indications in the statement "ending the missi
» Dollar exchange rates drop in Iraqi stock exchanges
» Will the drop in oil affect only employees' salaries or all segments of society?
» North Carolina removes 747,000 from voter rolls
» The full extent of the Biden-Harris criminal alien invasion REVEALED
» utube 9/24/24 MM&C Iraqi Dinar News-IRAQ-INTERNATIONALISM NY-2023 to 2029 Road Map - Social- Finan
» Hanoun calls for benefiting from the Chinese economic experience and linking the Silk Road between t
» Gulf-American statement directs a strict request to Iraq
» Conflict escalates in the Middle East, warning of Iraq slipping deeper into confrontation
» EU 'concerned' over increasing executions in Iraq
» Mustafa Sand: The judiciary has proven the “wiretapping” issue, and Al-Sudani’s brother is involved
» Parliamentary Committee Talks in Numbers About Iraq’s Water Crisis with Türkiye and Proposes a Solut
» Why did the Central Bank hesitate to implement the measures taken against Iraqi private banks?
» US State Department: Announcement of agreement on the future of the international coalition from Ira
» Housing Crisis in Iraq: “Ambitious” Government Plans and Fears of Monopoly
» Will privatization save Iraq's economy or open the door to corruption?
» Parliament: Agreement with the regional government to review its oil contracts to adapt them constit
» Interior Minister: Iraq is free of drug factories
» Anbar Alliance: Halbousi clings to power because he fears opening major files against him
» Rising prices of oil derivatives in Kurdistan.. reasons and goals
» Economist calls on the government to resort to tax exemption
» Iraqi Oil Company for Investment and Pricing of Raw Gas Produced
» Increase in activity at Mandali border crossing during the current year
» MP: New cities map will include eight governorates next year