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    Experts: out of Chapter VII vacated (cancelled and relinquished) the CBI of international responsibilities (obligations)

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    goodyboy
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    Experts: out of Chapter VII vacated (cancelled and relinquished) the CBI of international responsibilities (obligations)

    Post  goodyboy on Sun 20 Apr 2014, 22:35

    ...  What a Face 
    Happy Easter...
    ...some good news of hope...seems like both a moment of reflection, as well as projection by the economists...and a reminder of their intentions...



    Experts: out of Chapter VII vacated (cancelled and relinquished) the CBI of international responsibilities (obligations)
    By: wab
    On: Sun 20/04/2014 0:31

    Abdul Ghani al-Saidi / Baghdad news

    The views of monitors of the economic and financial sector and banks on the withdrawal of Iraq from Chapter VII and the impact this is going out (to have) on its monetary policy.

    As the economist Ibrahim al-Mashhadani said, "the measures taken by the Iraqi government after emerging from Chapter VII is the fact (evident in) their portfolio of financial and economic."

    al-Mashhadani said in a statement singled out by the (Baghdad news) on Saturday, that "Iraq (being out) from Chapter VII with the Central Bank's international responsibilities (obligations) will now being able to function (and follow) thru with the restoration of Iraq's financial abilities (financial capabilities and prowess) which they enjoyed during the period before 1991."

    al-Mashhadani said that "the central bank had a law passed in 2004 promising an independent institution and (having the freedom to) practice its cash well away from political influences or political sides," indicating that the process of coordination between fiscal and monetary policy needs to be a re-audit (reconsideration) of two things:  first that Iraq is now out of its international obligations since exit from Chapter VII and the second thing is that the central bank is the party (entity) that draws up (delineates) monetary and fiscal policy in Iraq, whether internal or external.

    He explained that "Iraq's emergence from Chapter VII has had a positive effect on the work of the central bank through many dimensions, including economic dimensions, because it will include a monetary policy that will have great weight in the economic and financial role of Iraq in the region."

    Among economic expert Hatem Alboati said that "Iraq now being out from Chapter VII has carried out (fulfilled) all Olaltazamath the other international trends (changes and development towards a course of direction) of being in the international community and therefore there should not be any cause (inhibiting or preventing) the process of the CBI."

    Alboati said in a statement singled out by the (Baghdad news) on Saturday, said that "the central bank's money funds are considered sovereign and cannot be compromised or manipulated Bmekdradtha whether Iraq is under Chapter VII or not, and they are under the economic protection of the World Bank."

    He added that "(as it is with) all countries in the world, the money in the central bank, which is the money of the sovereign, has no right to any political party or partisan or international manipulation, so the international laws that protected the money in the central bank under the terms of Chapter VII, will continue as well as with cohesion (unity) after the withdrawal of Iraq from Chapter VII."

    He pointed out that "Iraq emerging from Chapter VII is a replay of the prestige of the Iraqi state, after the right of the former regime, (which) damaged the prestige of Iraq, and Iraq has fulfilled its obligations to pay 41 billion dollars to Kuwait in compensation for the war between Iraq and Kuwait, where the Iraqi people will have to pay (up) as a result of the policy of the former regime reckless."

    And that "the amount of money that returned to the Iraqi Central Bank after the withdrawal of Iraq from Chapter VII is estimated at 82 billion dollars, which will cover the dinar and contribute to lifting (elevating) the economic situation."

    For its part, said economic expert d. Sumaisem peace that "Iraq being out from Chapter VII allows (gives freedom for) Iraq to use their money into investments through the Central Bank."

    Sumaisem said in a statement summarized by Baghdad (news) on Saturday, that Iraq "was supposed to "activate" fiscal and monetary policies with their exit from Chapter VII, but the process of volatility (vaporization of intentions) that hit the monetary policy in Iraq, and that the changes, which included changes in the central bank recently prevented the benefit of good (things) from the process of Iraq being out from Chapter VII." (and we know who and what "hit the monetary policy in Iraq")

    She Sumaisem said that "the absence of specialists (personnel and infrastructure) in the field of monetary and financial sectors has also been the main reason behind the lack of development of monetary policy in Iraq, after their exit from Chapter VII."

    (But overall) It shows that Iraq (being) "out from Chapter VII will return great economic benefits (for the) country.  And Iraq will also convey to the rehabilitative development, by allowing (opportunity) for major global construction companies (to come in) for the purposes of reconstruction, and therefore, Iraq will return to the incubator (situation that encourages development) from the international community after a break that lasted more than 23 years."


    http://translate.google.com/translate?hl=en&sl=ar&u=http://www.baghdadnp.com/news.php%3Faction%3Dview%26id%3D18130&prev=/search%3Fq%3D%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25D9%2583%2B%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583%25D8%25B2%25D9%258A%26lr%3D%26cr%3DcountryIQ%26hl%3Den%26tbs%3Dqdr:d,ctr:countryIQ


    Last edited by goodyboy on Sun 20 Apr 2014, 22:40; edited 1 time in total (Reason for editing : Translation edits...)
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    Re: Experts: out of Chapter VII vacated (cancelled and relinquished) the CBI of international responsibilities (obligations)

    Post  goodyboy on Sun 20 Apr 2014, 22:37

    from the iBeach...  What a Face 

    ...been contemplating the significance of this article throughout this resurrection day...

    we haven't heard much about release from ch 7 lately until today...but it is certainly still on the minds of Iraqi economists...if you read between the lines and extract the theme being generated in this article, it's clear that the release from ch 7 continues to have great symbolic significance in the sense that economists now see no barriers to bringing Iraq back to the honorable place "where you once belonged" (like JoJo in Get Back) and there is an attitude of freedom and bravado being conveyed about how they envision their monetary policy...in this phrase...

    "it will include a monetary policy that will have great weight in the economic and financial role of Iraq in the region."

    and genuine optimism in these phrases...

    "there should not be any cause (inhibiting or preventing) the process of the CBI....now being able to function (and follow) thru with the restoration of Iraq's financial abilities (financial capabilities and prowess)...

    and anticipation of the joy of by gone years (and from a currency perspective we know what that means)...

    "...which they enjoyed during the period before 1991."

    IQD...
    April 30, 1990 2.46985
    April 28, 1989 2.48283
    April 29, 1988 2.32407
    April 30, 1987 2.46269
    April 30, 1986 2.73556
    April 30, 1985 3.24557
    http://peoplestalkradio.com/forums/showthread.php?62951-2003-to-2013-A-wide-angle-look-at-Iraq.../page3 (post #22)

    ...time to anticipate the coming joy folks, even if it realistically takes awhile...2014 has been prophesied to be a year of "acceleration" and even mentions the "dinar"...

    ...and we are now beginning to see this word "activation" in many recent articles, including this one...if we have eyes to see, we just may be getting strategic clues on how and what to pray for in this season we are now in...and where to focus and exercise our faith...visualize "activation!"

    ...I'd love to hear from you all on this...


    Last edited by goodyboy on Sun 20 Apr 2014, 23:45; edited 1 time in total
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    Re: Experts: out of Chapter VII vacated (cancelled and relinquished) the CBI of international responsibilities (obligations)

    Post  butterfly on Sun 20 Apr 2014, 22:50

    Debt (final payment) to Kuwait is due in 2015....no month that I can remember, but to be completed in 2015.
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    Re: Experts: out of Chapter VII vacated (cancelled and relinquished) the CBI of international responsibilities (obligations)

    Post  goodyboy on Sun 20 Apr 2014, 23:21

    butterfly wrote:Debt (final payment) to Kuwait is due in 2015....no month that I can remember, but to be completed in 2015.

    all true butterfly...
    ...but the obligations (as moderated by the UN) have already been contractually fulfilled with payments arranged and monitored by the UN...for all practical purposes, it's as good as done and the Iraqi author of the main article (above) is essentially correct...  What a Face
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    Re: Experts: out of Chapter VII vacated (cancelled and relinquished) the CBI of international responsibilities (obligations)

    Post  Seck on Sun 20 Apr 2014, 23:25

    Nice find GoodyBoy was waiting for that news to come out
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    Re: Experts: out of Chapter VII vacated (cancelled and relinquished) the CBI of international responsibilities (obligations)

    Post  goodyboy on Thu 24 Apr 2014, 09:28

    ...  What a Face 

    UN fund pays $990m in Kuwait compensation
    4/24/2014
    ISN tweet...last updated: 3 hours ago

    United Nations panel that settles claims for damages resulting from Iraq's 1990 invasion of Kuwait makes new payment.

    A United Nations panel that settles claims for damages resulting from Iraq's 1990 invasion of Kuwait has paid out another $990 million.

    The payment on Thursday by the UN Compensation Commission brings the total amount paid so far to the government of Kuwait to $45.5 billion.

    The commission says the latest payment goes toward settling a claim by the Kuwait Petroleum Corp. for production and sales losses resulting from damage to the country's oil fields.

    The commission says another $6.9 billion remains to be paid from that award, which at $14.7 billion was the largest the panel made.

    The Geneva-based commission was established by the UN Security Council in 1991 and is funded by a 5 per cent tax on the export of Iraqi oil. Iraq makes payments every three months.

    https://twitter.com/iraqsolidarity/status/459319466694692864

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    Re: Experts: out of Chapter VII vacated (cancelled and relinquished) the CBI of international responsibilities (obligations)

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