Category: Iraq Chapter VII

Iraqis cheer thaw in relation with Kuwait on 23rd anniversary of occupation

Iraqis cheer thaw in relation with Kuwait on 23rd anniversary of occupation

8.2.13

BAGHDAD, (KUNA) — After 23 years of Saddam Hussein’s occupation of Kuwait on August 2, 1990, the subsequent Kuwait liberation war and years of post-war tension, relations between the two Arab neighbors are witnessing remarkable improvement.

For the first time since the occupation and after settling almost all outstanding issues, the Iraqis observe the 23rd anniversary of the disastrous war without the sanctions as per the UN Security Council resolutions based on Chapter VII of the UN Charter.

“The anniversary falls this year after the two countries have closed a lot of outstanding files due to their governments’ determination to restore good neighborly relations that were gravely damaged by the actions of Saddam Hussein’s regime,” Spokesman of the Iraqi Prime Minister Ali Al-Moussawi told KUNA on the occasion.

Al-Moussawi cited His Highness the Prime Minister of Kuwait Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah’s recent visit to Iraq and the cooperation agreements signed during the visit as example of the remarkable progress the relations. “The Iraqi-Kuwaiti relations are excellent and a clear example of the ability of countries to overcome disputes if genuine will existed on both sides,” he said.

Kuwait and Iraq signed June 12, six agreements and memorandums of understanding following official talks between HH Kuwaiti Prime Minister Sheikh Jaber and his Iraqi counterpart Nouri Al-Maliki.

The agreements cover a wide array of domains, including education, scientific research, aviation, economy, culture, transport and environment.

For his part, Iraqi Vice-President Khodair Al-Khuzai echoed a similar view.

“Relations between the two countries are developing and bilateral cooperation are expanding to cover all domains,” he told KUNA.

Al-Khuzai admitted that the tension was running high between the two Arab nations during the era of Saddam Hussein.

“But since the toppling of Saddam Hussein’s regime in 2003, the new Iraqi regime sought better relations Kuwait and had taken several steps towards confidence-building.” “However, the most remarkable development of relations took place this year, when Kuwaiti government played an important role in ending Iraq Chapter VII status.” On June 27, The UN Security Council on voted unanimously to get Iraq partially out of Chapter VII of the UN Charter, transfer the files of the missing Kuwaitis and property under the responsibility of the UN Assistance Mission for Iraq (UNAMI), and put an end to the 1999 post of the High-Level Coordinator for those files.

The Council transferred those two humanitarian issues, under Chapter VI, to UNAMI’s attention, taking into consideration the Kuwaiti conditions aimed at having the files constantly under Council review.

Meanwhile, Basra Provincial Council Member Ahmed Al-Sulaiti expressed hopes “Iraq and Kuwait would manage to reach final settlement to all pending issues” He also applauded the positive stances of both governments which show the reality of the new relationship between the two countries. MP and a member of Iraqi parliament’s Security and Defense Committee Hakim Al-Zamili told KUNA that “Iraq’s removal from Chapter VII is a good step towards complete restoration of its status and role in the region.” He went on to say that “Iraq only needs to pay the remaining part of the agreed upon compensations to Kuwait to close this chapter of its history and resolve the problems caused by the wrong policies of Saddam Hussein.” He described the Iraq’s relations with Kuwait as historical and deep-rooted. Zamili underlined the importance of dialogue and negotiations between the two neighbors to iron out differences.

Ali Al-Shallah, senior leader of the ruling State of Law Coalition, told KUNA that “after Iraq’s exist from Chapter VII, relations with Kuwait had come back on the right track.” “The Iraqi-Kuwaiti relations are now better than before particularly after the recent reciprocal visits of the top officials for both nations.”

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A member of the Economic Committee: on the central bank set a new price of the Iraqi dinar against the dollar

Baghdad (news) .. Student member of the Economic Commission parliamentary MP / Kurdistan Alliance / Mahma Khalil, the central bank determine the price of a new Iraqi dinar against dollar coin, and that there is a price real dinars. Khalil said in a statement (of the Agency news): The political maintaining the currency and dinar Iraqi functions of the central bank, and the signals that we observe globally and economically, that there is a future for dinars, adding: may not be the exchange rate of dinar against the dollar per (1300) or (1200) Iraqi dinars, because this price is when the balance was $ 10 billion, and today the balance Iraq’s sovereign (76) billion dollars. continued: political Central Bank to keep the bank is not correct, call the bank that there will be forces of Iraqi dinars, because what exists of the dinar, however, citizens of the Iraqi equivalent of the real price in the market, calling for the bank to invest the power of the dinar after the exit of Iraq Chapter VII, and today the central bank is obliged to be a new rate against the dollar. , and pointed out that, because all Aldaat entering Iraq in dollars, and must be no price true of the Iraqi dinar, because the strength of JD robust and powerful in terms of its total sovereign and economic strong addition to the that the Iraqi citizen suffers from weakness Aldnyar Iraq against the dollar. referred to that, the Iraqi dinar less than its value once in a while, towards the dollar, for many reasons, including the blame Central Bank in this ascent, and others point out that the situation in Iraq and the region behind the rise of the dollar, as well as smuggling.
http://www.ikhnews.com/index.php?page=article&id=90888

Economists: Exit Iraq from CH VII will bring foreign investment and the country’s frozen funds

Baghdad (News)/report/bahtik/… After the UN Security Council vote unanimously to exit Iraq from Chapter VII, which imposed a year ago (1990) especially after the occupation of the State of Kuwait, Iraq and the adoption of severe economic sanctions on the country, Iraq has achieved full national sovereignty and freedom from all economic constraints, which has become a stumbling before the arrival of international companies to invest in the country.

The number of representatives and economic experts that Iraq’s exit from the provisions of Chapter VII of the UN will bring solid global companies owned by developed nations to the Iraq business and investment, which were facing many difficulties which prevent them from coming to the country by this resolution.

They explained on their talk (News Agency) to lift the huge Iraq Chapter VII will be frozen Iraqi funds in foreign banks as well as in the Development Fund for Iraq, to give him leeway.

Member of the Finance Committee and General Secretary of the people’s Deputy to the alsagri stream, said: the exit of Iraq from Chapter VII of the Charter of the United Nations will have significant economic benefits to the country.

Said alsagri (News Agency): this item behind the large economic damage so pay international companies in various fields of work away from Iraq after that under the financial regulations and the impact on the sovereignty of Iraq.

He added: the output of Iraq from Chapter VII-VI will transfer to rehab development by allowing major construction companies for reconstruction so that Iraq will return to the international community after the sitter a break more than 23 years.

He noted that the positive effects which will be reflected directly on State banks were forced to resort to secondary agents to sustain its foreign relations, which cost additional funds and expressed the hope that this will contribute to the achievement of development advancement in Iraq.

The Iraqi Government announced that exit Iraq from Chapter VII of the Charter of the United Nations represents another hurdle for foreign Imam to restore full sovereignty in dealing with internal challenges remain.

To exit Iraq from Chapter VII would make him able to manage its assets without international tutelage will also return to normal in the international community in terms of processing, in particular the health and manufacturing, especially of light weapons, medium and heavy, but the internationally banned.

According to the decision of the Commission on economy and investment Deputy of the Kurdistan blocs Coalition//mehma Khalil, the provisions of Chapter VII, which will allow Iraq to recover its funds frozen, ending the tax paid by the people affected by the practices of the former regime.
He (News Agency): that Iraq fulfilled all its obligations towards Kuwait, the international community must fulfil its obligations towards Iraq and prosecutions from frozen Iraqi funds abroad.

He said: the Iraqi people and Government have a lot to take out Iraq from Chapter VII and an appropriate time now to break this constraint which has affected many citizens, stressing that Iraq’s exit from this decision will prompt international companies owned by advanced countries to come to Iraq for the purpose of investment.

As an economist, Nadin: out of Chapter VII requires urgent stop to the financial sector, especially the banking sector which will be as soon as the beneficiaries of the entry of the global financial market and wider doors.
He (News Agency) to: the importance of exploiting the opportunity and developing the sector both through public and private partnerships and building relationships with leading international banks.

He added: it’s game time for banks to develop electronic systems and method of work and instructions of all thinking and management as well as expand the network of branches inside and outside Iraq especially in States that have a strong trade with like Turkey and China, Saudi Arabia, South Korea, Iran, Russia and others, which do not have any presence of Iraqi banks, legal and not political and not economic sanctions still today prevent us from communicating with the world.

Since the 1990s groaning under the weight of sanctions, Iraq since international sanctions resulting from the UN resolution 661 adopted on 6 August 1990 due to Iraq’s invasion of Kuwait, and the severe economic sanctions on Iraq to force the then leadership to withdraw immediately from Kuwait. This resolution was followed by 10 consecutive decisions, warning him of the consequences of staying in Kuwait and his defiance of the international community.

Iraqis have suffered from the sanctions that deprived them of food and medicine, as well as all means of progress and technology of the world in the 1990s of the last century, leading to the deaths of 1.5 million as a result of hunger and lack of medicine and lack the most basic means of life.

This siege lasted almost 13 years, practically ended with the fall of the Baath regime in 2003, where Iraq suffered from extreme isolation from most of the world politically, diplomatically and economically, but Iraq continued to suffer from the effects of falling under Chapter VII of the UN Charter. And for the suffering of Iraqis made the penalties of Saddam Hussein one of the ten richest tycoons in the world.

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