related article ~ ***May 1st ~ Iraq will present its proposal to the United Nations Security Council for approval ~ Iraq to resume paying war reparations to Kuwait ... May 7, 2011
Two accounts of Iraq to ensure payment of compensation Kuwait
Baghdad, The Central Bank of Iraq on Saturday that the opening of two accounts in the United States come to Iraq to provide guarantees of the United Nations concerning the payment of financial compensation to Kuwait.
The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "Iraq opened two accounts at a bank in the United States, to persuade the United Nations concerning the payment of financial compensation to Kuwait."
He added that "Iraq persuaded the United Nations that would give him one of the accounts of the value of 5% of the total amounts for a barrel of crude oil in compensation to the Kuwaiti side."
He added that "Iraq is seeking to get out of the UN Trusteeship over the legal mechanisms to prevent circumvention of trade creditors to the Iraqi funds that will come out of the hands of the United Nations at the end of June (June) next year."
The Iraqi government announced on 26 April last for the selection of American banks for the deposit of oil revenues after June next year.
She Paradise economic fears in the House of Representatives from the inability of the committee formed for the protection of Iraqi funds after June next meet in the task of trade creditors in accordance with the Paris Club agreement.
The Paris Club is an informal group of financiers from 19 countries of the world's richest countries notably the United States, Britain, Australia, Italy, Japan, the Netherlands, Germany, Ireland, the service provides debt cancellation for debtor and creditor countries.
The IMF had identified the names of those States, after alternative solutions have failed, with the change of methods of payment of outstanding debt.
Revealed the Iraqi Finance Ministry on the seventh of January last, the work of the Committee to Protect Iraqi funds abroad will be secret, to avoid the fictitious companies which Iraq claims it requests funds.
The UN Security Council unanimously voted on three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and cancel the oil for food program, also extended the immunity of and for the last phase compensation imposed under Chapter VII until the end of June next.
The former Iraqi president Saddam Hussein ordered the invasion of Kuwait in 1990, and the impact of sanctions imposed on Iraq from the international community and put under Chapter VII, which makes it a country threatening world peace and security.
Included international sanctions prevented the import of chemicals, nuclear technology that could be used in a secret nuclear programs, chemical and biological weapons.
And allowed the United Nations in 1995 for Iraq to sell oil in return for food, called "oil-for lunch."
http://www.aknews.com/ar/aknews/2/237758/
The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "Iraq opened two accounts at a bank in the United States, to persuade the United Nations concerning the payment of financial compensation to Kuwait."
He added that "Iraq persuaded the United Nations that would give him one of the accounts of the value of 5% of the total amounts for a barrel of crude oil in compensation to the Kuwaiti side."
He added that "Iraq is seeking to get out of the UN Trusteeship over the legal mechanisms to prevent circumvention of trade creditors to the Iraqi funds that will come out of the hands of the United Nations at the end of June (June) next year."
The Iraqi government announced on 26 April last for the selection of American banks for the deposit of oil revenues after June next year.
She Paradise economic fears in the House of Representatives from the inability of the committee formed for the protection of Iraqi funds after June next meet in the task of trade creditors in accordance with the Paris Club agreement.
The Paris Club is an informal group of financiers from 19 countries of the world's richest countries notably the United States, Britain, Australia, Italy, Japan, the Netherlands, Germany, Ireland, the service provides debt cancellation for debtor and creditor countries.
The IMF had identified the names of those States, after alternative solutions have failed, with the change of methods of payment of outstanding debt.
Revealed the Iraqi Finance Ministry on the seventh of January last, the work of the Committee to Protect Iraqi funds abroad will be secret, to avoid the fictitious companies which Iraq claims it requests funds.
The UN Security Council unanimously voted on three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and cancel the oil for food program, also extended the immunity of and for the last phase compensation imposed under Chapter VII until the end of June next.
The former Iraqi president Saddam Hussein ordered the invasion of Kuwait in 1990, and the impact of sanctions imposed on Iraq from the international community and put under Chapter VII, which makes it a country threatening world peace and security.
Included international sanctions prevented the import of chemicals, nuclear technology that could be used in a secret nuclear programs, chemical and biological weapons.
And allowed the United Nations in 1995 for Iraq to sell oil in return for food, called "oil-for lunch."
http://www.aknews.com/ar/aknews/2/237758/
