Iraq approached US Washington to re-billion and $90 million paid to the Committee of Kuwaiti reparations

by **Ponee** Mon Dec 22, 2014 2:55 pm

Baghdad - The Ministry of Finance announced that it Stphath together with the Central Bank of Iraq, the US Federal Reserve to restore the amount of one billion and $ 90 million paid to the Committee of Kuwaiti reparations.

According to a ministry statement received by all of Iraq [where] a copy of which he "met in Geneva on Thursday, the Council of the Compensation Committee of the United Nations to discuss Iraq's request to postpone payment of $ 4.6 billion during 2015 and begin to pay them after a year, and that the enormous pressures on the budget in 2015 and the expenses of the war and the growing confrontation against the terrorist organization Daash.

He added that "the Board of Directors decided unanimously and with the consent of the State of Kuwait to postpone the payment of the amount of damages the remainder of the year, which is 5% of the deductions Iraqi oil sales," stressing that "Iraq's commitment to the full payment of the amount of damages remaining to close this file once and for all."

Alaaan pointed out that "the government and the Foreign Ministry have carried out recently about the movements of Iraqi demand, as the Ministry of Finance intensive contacts with all the parties and the Kuwaiti internationalism and with members of the Compensation Committee."

He pointed out, "is due to the Ministry of Finance and the Central Bank of Iraq approached the Fed begins to restore the amount of one billion and ninety million dollars has been paid to the Compensation Committee on the fiscal year 2015".

It welcomed the Finance Ministry in a statement, "the position of the State of Kuwait and Kuwait highly appreciates the decision of the leaders of brotherly and humanitarian to help their brothers in Iraq."

The Under Secretary of the Ministry of the Kuwaiti Khaled Jarallah announced in 17 of this month to accept his request to postpone Iraq last payment of compensation owed to Kuwait in accordance with UN Security Council resolutions, amounting to $ 4.6 billion.

The United Nations agreed last Thursday on Iraq's request to postpone the amount paid the final installment of compensation to Kuwait for a period of one year.

Iraq and pay rate of five percent of the revenues from oil and natural gas to the Compensation Fund of the United Nations as compensation for material losses caused by the Iraqi regime's invasion of Kuwait in 1990.
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