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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weslin3 wrote:Thanks to all who hashed this out for me. I'm like Toe was; "What is going on here?"

Ditto!!! :)

Proven wrote:

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.

well said and all brought together! nice!!!!

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."

I was surprised to get so many responses on this as, "4 more Years", lol with out reading the whole article first. Reading the whole article you can see that the report in arbish as it is is stating that the survival of the CBI can not take 4 more years of the Chapter... ;)

That was my take on it but I decided I was wrong with what everyone else was saying. Thanks for clearing it up, Neno.

Neno wrote:I was surprised to get so many responses on this as, "4 more Years", lol with out reading the whole article first. Reading the whole article you can see that the report in arbish as it is is stating that the survival of the CBI can not take 4 more years of the Chapter... ;)