Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Iraq fulfills its obligations to Kuwait under UNCC supervision DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraq fulfills its obligations to Kuwait under UNCC supervision

Go down

Iraq fulfills its obligations to Kuwait under UNCC supervision Empty Iraq fulfills its obligations to Kuwait under UNCC supervision

Post by RamblerNash Tue Dec 21, 2021 11:37 pm

Iraq fulfills its obligations to Kuwait under UNCC supervision 1640119199922
2021-12-21 12:40

Shafaq News/ The Central Bank of Iraq announced, on Tuesday, that Iraq paid the last payment to Kuwait, amounting to 44 million dollars.

The Bank said that "the last installment of the State of Kuwait's compensation was paid.”

"Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council, with a total of 52.4 billion US dollars for the State of Kuwait."

It added, "It is hoped that the last payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on reintegrating the Iraqi banking system into the global banking system."

Under the United Nations Compensation Commission (UNCC), Kuwait and Iraq agreed that payments would gradually increase from 0.5 percent of Iraqi oil proceeds in 2018 to 1.5 percent in 2019 and 3 percent in both 2020 and 2021.

Located in Villa La Pelouse within United Nations Office in Geneva, Switzerland., UNCC was created to process claims and pay compensation for losses and damage suffered due to Iraq's unlawful invasion and occupation of Kuwait in 1990-91.

https://shafaq.com/en/Economy/Iraq-fulfills-its-obligations-to-Kuwait-under-UNCC-supervision
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 24021
Join date : 2015-02-19

View user profile

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum