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


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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


    It amounted to 8 million dollars.. Iraq receives the remaining amount from the Kuwait Compensation F

    Rocky
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    • Post n°1

    It amounted to 8 million dollars.. Iraq receives the remaining amount from the Kuwait Compensation F Empty It amounted to 8 million dollars.. Iraq receives the remaining amount from the Kuwait Compensation F

    Post by Rocky Mon 12 Dec 2022, 6:06 am

    It amounted to 8 million dollars.. Iraq receives the remaining amount from the Kuwait Compensation Fund



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    2022-12-12 02:47

    Shafaq News/ The Central Bank of Iraq received, on Monday, the remaining amount of approximately $8 million from the Kuwait Compensation Fund.
    The Central Bank of Iraq stated, in a statement received by Shafaq News agency, that "the bank has received the remaining amount in the compensation fund, amounting to (7,946,316) seven million nine hundred and forty-six thousand three hundred and sixteen US dollars, after paying the full compensation for the State of Kuwait."
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    • Post n°2

    It amounted to 8 million dollars.. Iraq receives the remaining amount from the Kuwait Compensation F Empty Baghdad receives $7.9 million surplus from the Kuwait Compensation Fund

    Post by Rocky Mon 12 Dec 2022, 6:33 am

    [size=30]Baghdad receives $7.9 million surplus from the Kuwait Compensation Fund[/size]


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    Erbil (Kurdistan 24) - The Central Bank of Iraq announced, on Monday, that it had received the remaining amount in the Compensation Fund, amounting to about $7.9 million, after paying the full compensation for the State of Kuwait.
    A United Nations Compensation Committee was formed in 1991, obliging Baghdad to pay $52.4 billion in compensation to individuals, companies, government organizations and others who incurred direct losses as a result of the invasion of Kuwait in the same year.
    The Central Bank of Iraq said, in a statement, "The remaining amount was received in the Kuwait Compensation Fund, amounting to (7,946,316) US dollars, after paying the full compensation for the State of Kuwait."
    The statement added, "The amount was returned after auditing the accounts according to Security Council Resolution No. (2621) for the year 2022 concerned with ending the file of compensation resulting from the invasion of the former Iraqi regime into the State of Kuwait."
    Iraq pays the amount of compensation to a UN fund established under the name "United Nations Compensation Fund".
    In 2021, Iraq announced the termination of all necessary banking arrangements with the US Federal Reserve Bank to stop the automatic deduction of Kuwait's compensation from Iraqi crude oil export revenues, after paying the full remaining amount of compensation.
    Iraq had stopped making payments in 2014, during the war against ISIS, which controlled a third of the country, but it resumed in 2018.
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