Zebari: put the central bank has tired remain under Chapter VII for another four years

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Zebari: put the central bank has tired remain under Chapter VII for another four years


01-03-2013 | (Voice of Iraq)

Term Press / Baghdad

Foreign Minister of Iraq on Friday, the potential survival of Iraq under the provisions of Chapter VII for another four years, because the survival of three files fall under the provisions of this chapter relating to the whole of Kuwait, while pointing out that the renewal of the custody of Iraqi funds depends on the capacity of Iraq to protect its assets, description banking and financial situation of Iraq "tired" although "our dream that we are a big country and a great."

He said Iraqi Foreign Minister Hoshyar Zebari said in an exclusive interview to (long-Presse), "There is no veto international prevent Iraq from out of the provisions of Chapter VII, as some believe, because Security Council resolutions are binding on all states, not just on Iraq, and must be implemented and applied by everyone. "

Iraq has been under since (1990) under Chapter VII of the Charter of the United Nations, which imposed after the invasion regime of former 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, as well as freezing of large amounts of assets financial global banks to pay compensation to those affected by the invasion, and prohibits the import of equipment that can be included in the military industry developed.

And between Zebari that "Iraq came out of the majority of the provisions of Chapter VII Security Council resolutions binding him in many areas, such as leaving the file of weapons of mass destruction and file disarmament, sanctions and blockade and oil for food program," explaining that "these files were governed by more than (60) decision internationally from the Security Council, all of which were completed during the past years. "

And Zebari stressed that the rest of the decisions impede exit Iraq from the provisions of this chapter is "obliging Iraq install the international border land and sea between the two countries and we are now working on them, and the second is the decision required Iraq to pay 5% compensation from oil sales to fund victims invasion, and that the effects of Ghaz Saddamist of Kuwait, and called war reparations, has pushed Iraq as formidable of them and we are ready to pay the rest through the next three years, either third aspect is a humane for prisoners and missing persons and Kuwaiti property and this is also one of the provisions that were imposed on Iraq of Chapter VII. "
He and Iraqi Foreign Minister "I think that Iraq can pay the remaining amount the whole of 13 billion, we if we paid today or tomorrow all will emerge from this file means that the Iraqi government if she will pay this full amount in this year will close this file, but if did not pay the amount was deducted from Iraq each year part means that after three or four years so that we can Aevaúh. "

The Minister of Foreign Affairs "worked hard senior diplomat with members of the Security Council and the Russians and Kuwait, we are committed to implementing the provisions of Chapter VII does not make sense to keep Iraq doomed until we find another prisoner Kuwaiti or missing or the remains, this means that Iraq will remain forever under this chapter, The Kuwaiti side understands this, and we finished the mandate of the Special Coordinator, who has been following and submit reports to the Security Council, and we are now working on another coordinator will not return we have discussed this with the Kuwaiti side, and also showed their understanding. "

And between Zebari "so we walk now rest things forward and there timelines and international reports will be submitted to the Security Council, and we see that came out of Iraq from Chapter VII is no longer the only certain things, so we won the battle, but a battle to get rid Iraq of the effects of wars and invasions The blockade and sanctions not only keeps things which is also on its way to the final processing. "

In another context, Foreign Minister of Iraq during his speech to the (long-Presse) that "the issue of lifting the trusteeship of Iraqi funds annually depends on our ability Finance," However, to say "although we dream sometimes we a great country but the situation in Iraq the financial and banking and put the central bank tired" .

He Zebari "We are free and we can raise our guardianship for those funds, as we can keep it, as that the United States maintained its role on that money from the claims," ​​asserting that "the issue of renewing the custody of Iraqi funds decision must be U.S. president himself."

And between Iraqi Foreign Minister in his own to (long-Presse) that "because there are many demands on the country of people and businesses, we want to provide the maximum amount of protection to those funds, Iraq has a lot of money distributed in several banks, with the principal amount exists in the United States. "

And provides extended protection of Iraqi funds deposited in (DFI), the protection of that money from the state lawsuits and fake or genuine by companies and individuals, it also provides support to the Central Bank and the money deposited in it, from the proceeds of Iraqi oil, which is an artery important for the Iraqi economy.

The establishment of the Development Fund for Iraq DFI was in May of 2003 by the director of the Coalition Provisional Authority was recognized, under Security Council resolution the United Nations 1483 and after the dissolution of the Coalition Provisional Authority in June 2004, has been delegated the U.S. government by the Government Iraq to manage the funds of the Development Fund for Iraq, which was made available to reconstruction projects, and the U.S. Department of Defense, the administration of the said fund on behalf of the U.S. government, has been withdrawn authorization as of December 31, 2007.

The Iraqi Prime Minister Nuri al-Maliki face, on 25 June, the Committee to Protect Iraqi funds abroad to reveal the fate of more than 17 billion dollars have been confiscated or seized or withdrawn from the Development Fund for Iraq since 2003 as soon as possible, calling the Iraqi authorities and the U.S. government to provide the necessary support of the Commission for the success of its mission.

As confirmed the Parliamentary Integrity Committee in the 20 of June current, loss of $ 17 billion monitoring of Iraq Development Fund during the period of the civil governor Paul Bremer, describing that period as "vague and many corruption", as pointed out sent a request to the United Nations to investigate the matter and get the refund "stolen."

The chairman of the Board of Supreme Audit Abdul Basit Turki hosted in the parliament session, which was held on 18 April, for wasting more than seventeen billion dollars of Iraqi funds during the administration of U.S. civil administrator Paul Bremer.

As guessed investigator American Stuart Bowen, mid-June current, be caused by the disappearance of $ 6.6 billion of reconstruction funds in Iraq eight years ago is that they may be stolen, and describing them as "the largest theft" on America, noting at the same time having achieved third to learn the fate of those funds.

The Finance Committee of the House of Representatives previously announced during a meeting of the Council for initiating start to pursue an estimated $ 40 billion dollars from Iraq disappeared during the U.S. civil administrator for Iraq.

The Iraqi Prime Minister Nuri al-Maliki has announced, on the sixth of December last, that the United Nations and promised to expedite the termination files relating to lift Iraq from Chapter VII, and that Iraq fulfilled all its obligations with only the case with Kuwait, stressing it their way to the solution.

As guessed Council support Iraqi-Kuwaiti relations, in (11/11/2012) that the vote of the United Nations to lift Iraq from Chapter VII through an Iraqi request - Kuwaiti, and stressed that Kuwait informed the International Foundation in collaboration Iraq fully in this area, noting that the visit of the President Kuwaiti ministry to Iraq early next month will be to sign a final protocol, while MPs expressed their welcome exit Iraq from international sanctions, stressing at the same time that debt needs to the approval of the National Assembly to repeal or reduction.

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As guessed Council support Iraqi-Kuwaiti relations, in (11/11/2012) that
the vote of the United Nations to lift Iraq from Chapter VII through an
Iraqi request - Kuwaiti, and stressed that Kuwait informed the
International Foundation in collaboration Iraq fully in this area,
noting that the visit of the President Kuwaiti ministry to Iraq early
next month will be to sign a final protocol, while MPs expressed their
welcome exit Iraq from international sanctions, stressing at the same
time that debt needs to the approval of the National Assembly to repeal
or reduction.

LOL, like we ain't got this one figured out this time...

Wow,such good work from all of you.I for one want to thank you all for making it to where I can keep up to par with the current facts,without you I would be in a rough situation,again THANK YOU VERY MUCH

Hkp1 wrote:Zebari: may remain under item VII for four more years


02/03/2013-3: 56 pm


Foreign
Minister Hoshyar Zebari about the likelihood of the survival of Iraq
under the provisions of section VII for another four years, because the
survival of three files under the provisions of this chapter relate
entirely to Kuwait.

Zebari said that "the remaining decisions
hamper Iraq's exit from the provisions of this chapter are" decision
required Iraq to install international land and maritime borders between
the two countries, the second is the decision required Iraq to pay 5
percent of oil sales in compensation to victims of the invasion, the
third aspect is a human from the file of prisoners and missing persons
and property. "

"I think that Iraq could pay the whole balance is
13 billion, if the pay amount and payroll deductions from Iraq each
year part means that after three or four years before we met."

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I don't undestand, is he really saying 4 more years? :shock: :shock: :shock: :shock:

Hkp1 wrote:and there are also things on its way to final processing.


Above partial statement is next & what we are waiting on right now... IMO meaning the signing of the 9 agreements :)

That's the strange thing about this, and not that it really matters the short term sequence, I thought it was already signed when I saw the one report concerning the flight into Kuwait by Iraqi airways saying:

He said in his speech, in the celebration of the Kuwaiti Embassy to mark
52 for Holiday Kuwaiti national at the Rashid Hotel yesterday, to the
signing of several important agreements where the interests of the two
countries in all fields, and stressed that “we are here to celebrate
with the brothers Kuwaitis بعيدهم national who has a special flavor
after the process of change that took place in Iraq.
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Yet then there was a report that I hadn't seen yet mentioning that the Prime Minister of Kuwait was still coming:

(IraqiNews.com) -The Iraqi Minister of Foreign Affairs, Hoshyar
Zibari, discussed the Iraqi-Kuwaiti bilateral relations with the
Kuwaiti Prime Minister, Jaaber al-Mubarak al-Hamad al-Sabah along with
discussing the latter’s expected visit to Iraq.
The Kuwaiti News
Agency (Kona) reported on Wednesday “The Kuwait PM received Zibari and
his accompanying delegation on occasion of inaugurating the first
flight for the Iraqi airlines to Kuwait after 22 years of stoppage.”
“The
meeting discussed the bilateral relations between both countries and
means of enhancing them, also they tackled the expected visit of the
Kuwaiti PM to Baghdad,” the report added.
Earlier, Ministry of Transport announced that Iraq-Kuwait Airline will be inaugurated on Wednesday.
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Now I think I will have to change my opinion concluding that the first meeting article was a preparatory gathering of dotting "I" and crossing "T", instead of signing they were prepping to the signing [translations]. They already know the outcome and intend to make a formal announcement when the Kuwaiti leader visits shortly....

We could effectively call it a done deal... but we must let them have their moment.

Twinkie wrote:

I don't undestand, is he really saying 4 more years? :shock: :shock: :shock: :shock:

Go read the first report

The intent is to one way or another deal with the reparations aspect either by a reinvestment arrangement or by simply paying it off in one shot. but he did say that if the same arrangement continued paying the remaining amount off would take 4 years. But they intend to do something else.

And Zebari stressed that the rest of the decisions impede exit Iraq from
the provisions of this chapter is "obliging Iraq install the
international border land and sea between the two countries and we are
now working on them, and the second is the decision required Iraq to pay
5% compensation from oil sales to fund victims invasion, and that the
effects of Ghaz Saddamist of Kuwait, and called war reparations, has
pushed Iraq as formidable of them and we are ready to pay the rest
through the next three years, either third aspect is a humane for
prisoners and missing persons and Kuwaiti property and this is also one
of the provisions that were imposed on Iraq of Chapter VII. "
He and
Iraqi Foreign Minister "I think that Iraq can pay the remaining amount
the whole of 13 billion, we if we paid today or tomorrow all will emerge
from this file means that the Iraqi government if she will pay this
full amount in this year will close this file, but if did not pay the
amount was deducted from Iraq each year part means that after three or
four years so that we can Aevaúh. "

Thanks for breaking it down Ward, I read the first report but still had a few questions it makes so much more sense now. :)

One day at a time.Thanks gang for posts.

Someone slap me if I am wrong here... sounds as if Z is saying Chp VII could last 3-4 more years. However, there is no reason for it to. Iraq could choose to pay the debt at any time. They could take the 3-4 years to pay the 15 billion and look for the dead and MIA's from Kuwait, butt hat is not beneficial to the welfare of any of the parties involved. It is more beneficial to wrap this up quickly.
Am I pointing the right way?

pacman2010 wrote:Someone slap me if I am wrong here... sounds as if Z is saying Chp VII could last 3-4 more years. However, there is no reason for it to. Iraq could choose to pay the debt at any time. They could take the 3-4 years to pay the 15 billion and look for the dead and MIA's from Kuwait, butt hat is not beneficial to the welfare of any of the parties involved. It is more beneficial to wrap this up quickly.
Am I pointing the right way?

Yes, all issues are moving towards closure. The borders are done. The missing persons and archives will turn into a bilateral issue. On the 13 billion left, I found an article dated 7-9-09, in which Iraq wanted Kuwait to forgive 15 billion of the 25 billion owed at that time and invest in Iraq. See [You must be registered and logged in to see this link.]
After 4 years of negotiations, they probably have come to resolution. Within the 2009 article, it states any agreement would originate in the executive branch (Prime Minister) and any debt reduction would have be be approved by the Kuwait Parliament. This statement on parliamentary approval of debt reduction is in the article above. The Kuwait Prime Minister is coming to Iraq to sign bilateral agreements. Based on the statements out of Kuwait, maybe the debt reduction issue is in the stack for signature. I'm sure it will all come out in the wash.