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France attentive to pending Kuwaiti demands, urges Iraqi progress

12/16/2011

 
Posted: December 16, 2011 in Iraq: Chapter VII, Iraqi Dinar/Politics
Tags: Ban Ki-Moon, Chapter VII of the United Nations Charter, france, Iraq, kuwait, Kuwaiti,United Nation, United Nations Secretary General, United Nations Security Council


The Currency Newshound Commentary:  This is a clear explanation by France, a permanent member of the United Nations as well as member of the United Nations Security Council on the remaining issues which Iraq must achieve prior to being considered for full relief from Chapter VII sanctions.  These conditions are as follows:
  • the marking and demarcation of the borders
  • compensation
  • the archives which were stolen
  • the question of the disappeared Kuwaiti citizens
  • statement by PM Maliki saying Iraq will not attack Kuwait in the future (not mentioned below)
This article as well as the conclusions made by the UNSC Iraq-Kuwait review show Chapter VII sanctions are in fact still in place and not lifted.

In a personal opinion, I believe Iraq as well as Kuwait are intensifying their 

relationship based on the recent news coming from the region as well as the statements coming from the United Nations.  I pray the two countries can find common ground to resolve the aforementioned issues.  Considering the eagerness demonstrated from some Iraqi politicians and their desire for Chapter VII to be lifted I hope this clear outline by the UNSC will give these politicians reason to ask their own government to increase diplomacy and negotiations with Kuwait and ultimately find conclusion.

PARIS, Dec 16 (KUNA) — France said on Friday that it was “very attentive” to the unresolved Kuwaiti issues concerning the 1990-1991 Iraqi occupation, in particular painful questions like the Kuwaiti missing and the restitution of property like the national archives and other stolen items, and Paris urged Iraq to pursue efforts to resolve these questions.

French Foreign Ministry spokesman Bernard Valero indicated in answer to KUNA questions that France “encouraged Iraq to get in conformity with the demands which were reiterated yesterday in the (UN) Security Council”.

He also urged “the pursuit and broadening of bilateral relations between the two countries”.

The UN Security Council was briefed Thursday on the pending issues and extended for another six months the mandate of UN Coordinator for Kuwaiti-Iraqi issues, Gennady Tarasov, despite Iraq objections.

UN Secretary-General Ban ki-Moon recommended the extension and has urged Iraq to do more to resolve the
Kuwaiti demands.

Iraq has been slow to comply with demands on several core issues, notably the provision of information on the more than 600 Kuwaitis who were kidnapped by Iraqi forces during the occupation. Many of these cases remain unresolved, despite a decade of demands by Kuwait and the international community to bring closure to this national tragedy.

Iraq has also failed to account for the national archives stolen from Kuwait and a vast amount of property that was taken by the Iraqi occupation forces, including valuable and historic pieces.

There is also the question of financial compensation of around USD 20 billion which must still be paid by Iraq. Moreover, the frontier delineation question has not been fully settled, as Iraq is required to do if it wants UN sanctions applied in 1990 to be fully lifted.

The UN has told Iraq it must help produce “tangible progress” on the issue of the missing Kuwaitis and it was also told to work for an “intensification of efforts to clarify the whereabouts of the archives” as there has been “no substantial progress” on this issue, in the words of UN Secretary-General Ban ki-Moon.

The UN Security Council told Iraq Thursday that it needed to make efforts “to fully meet these commitments, specifically finding Kuwaiti or third-country nationals, property and archives, (and) the members of the Security Council once again expressed their deepest sympathy and condolences to the families of those involved”.

“We expect Iraq to continue to work in this direction and we join the call of the Security Council and we observe the improvements in bilateral relations between Iraq and Kuwait these past months,” the French official indicated.

He specifically pointed to bilateral visits these past months and to the establishment of a bilateral committee between the two nations.

“We want the movement which has started these past months to be continued and the bilateral committee was an important step and we encourage the two parties to use this body to make progress on these files in a spirit of dialogue and in a spirit turned towards the future,” Valero affirmed.

“In the framework of the work of the Security Council…we are obviously very attentive to the evolution of this file, which deals with issues that are particularly sensitive, notably concerning the disappeared persons and we evidently encourage Iraq to work on getting into conformity with the demands which were reiterated yesterday by the Security Council,” Valero responded.

He also said Paris supported UN Resolution 1958, voted Dec 15, 2010, which calls for lifting the punitive sanctions placed on Iraq under Chapter VII of the UN Charter because of the invasion of Kuwait in August 1990, but only once the Kuwaiti issues are settled.

He said France supported lifting UN measures on Iraq, “if it normalises its relations with Kuwait”.

He added there was a whole series of measures Iraq must take, including “the marking and demarcation of the borders, compensation, the archives which were stolen, and, obviously, the question of the disappeared Kuwaiti citizens”.

These issues are “preconditions” for lifting the Chapter VII and “we expect these preconditions set out in the (Dec 2010) resolution to be met,” the French spokesman said.
Mike link
12/16/2011 04:10:08 am

These issues will absolutely need resolved before chapter 7 is lifted but it has been stated among most all of the guru's, that chapter 7 does not have to be lifted in order for an R.V to occur. In fact most of what has been stated is the R.V Must occur before chap 7 could be lifted!

Jasmine
12/16/2011 10:06:49 am

How the heck does everyone reallt know all of this and its a lil confusing! What if it never hits???????

Gloria
12/16/2011 10:47:19 am

Stolen archives, disappeared citizens? This sound like MAJOR issues that could take years?!

Ron
12/16/2011 12:20:08 pm

I really believe some of the guru's should be banned from distributing further false information as it is seriuously proving the site is just a merry-go-round, ultimately circling... Some of the so-called gurus obviously feel they must 'post' just for entertainment purposes, stringing everyone along! I give this site my vote of 'no-confidence'! Ron

Texas
12/16/2011 06:57:13 pm

I agree this is going around in. A Circle! I am staring to think they are posting just to post – you look at the website is getting more and more advertisement I'm starting to think that this is just a joke.

Ohio
12/17/2011 12:04:45 am

If it goes past Jan. 1st, I'm selling. Too many scams to believe what I'm reading anymore. Just wondering what's gonna happen when all these people go to their banks to cash in the dinar for USD. Our banks will go broke for sure, esp. if it gets valued up to $7.00.

Ron
12/17/2011 08:56:31 am

OHIO! You need to educate yourself on the cashin as it doesn't have anything at all with the banks going broke, no matter what the rate is! I'll buy your dinar from you, by the way...

Jasmine
12/17/2011 10:36:49 am

its also been said that iraq's currency is at 00.0000 at the bank's and it can only stay that way for a very short time period sooo it makes since that the RV will happen. Just the date is unclear. Do yall agree???

Peter
12/17/2011 12:47:56 pm

Peter link
12/17/2011 01:07:21 pm

all guru's are fucking bullshiting

MAX
12/17/2011 01:24:18 pm

I AM SO SICK AND TIRED OF THE SAME THING OVER AND OVER THEY ARE SAYING . LIKE WE ARE VERY CLOSE .YOU CAN BE EXCITED NOW.I AM INFORMED THAT WE OUGHT TO SEE IT TONIGHT..WE ARE ON AN HOUR BY HOUR WATCH...THEY HAVE SAID THE SAME THING FOR A MONTH.HOW CAN THEY SAY THE SAME THING OVER AND OVER

Lisa
12/17/2011 09:55:37 pm

I'll believe it when I see it, not banking my future on it. I have only been in this a short while and it already seems to be pretty far-fetched.. we shall see. (I haven't invested a lot of monery, but if this is a scam, I feel sorry for people who have).

Guru Hawk
12/17/2011 11:23:23 pm

Chapter 7 and the HCL have little to do with an RV. There is only one thing that is critical, that is CASH. Iraq has none and the IMF and the UST have not come to an agreement how to fund any redemption of their currency. This will cost TRILLIONS of dollars, even at a rate of $.10 to the dollar. It is not realistic to expect that you can double the amount of currency in circulation without negative impacts of the value of the dollar or cost of commodities, both of which could lead to another recession.

Gene
12/17/2011 11:37:00 pm

I am beginning to think these so called GURU's are just creating Hype to sell more Dinar. I wonder how many of them profit from their own hype? What are the qualifications to become a "GURU"? It is pretty sad if it turns out they are preying on people who are desperate in a down economy.

lil Skeptic
12/18/2011 01:09:55 am

I agree with Gene. The world is full of desperate people just reaching out to anything to keep their hopes up. Being a christian, I put my faith and hope in Jesus.. but that's just me. I hope you are not so gullible and counting on this as your only way out in this tough economic time. Who knows.. maybe Obama is going to push hard for this to go thru just so he can get re-elected and it'll be his way of saying by his own hand he is making America wealthy again.

Texas
12/18/2011 01:47:18 am

I am so sorry to say ..but this is all a huge circus......I think these so called Guru's are already hitting the Holiday Sauce......no credibility..NONE !!!

Thomas
12/18/2011 01:53:45 am

Very funny post Texas! Why is it that every guru is calling for the RV within hours, and yet Med, is stating that it can't even be considered for the moment based on the mess going on with the Iraqi government right now?

Texas
12/18/2011 02:24:32 am

Thomas....Maybe because he hasn't started drinking yet.!!!

jasmine
12/18/2011 04:10:02 am

yall arent seeming to understand that there currency cannot and will not stay at 00.0000 for a long time..

lil skeptic
12/18/2011 06:45:44 am

wow, just read a few updates from the gurus. I really wanna believe the more positive ones. There are a couple that seem to be downers. Who should we believe now?

Dont know
12/18/2011 07:27:00 am

All I say is just stay positive..it has to hit eventually...soon I hope!!!

Doug
12/18/2011 07:44:52 am

I agree with many of the Frustrated investors. Time to read the writing on the wall. Too much BS from gurus,on a daily basis. It may NEVER happen, we have lost our investment. Live and learn

Texas
12/18/2011 09:46:33 am

I have already accepted the fact this is all BS....Thank God I only have 500 USD of this toilet paper....Sorry..I was ok with all this until these so called Guru's started this clutter of nonsense...Go figure !!!!

Disgruntled
12/18/2011 10:12:53 am

That guru doc is just p***ing me off. He is way off from what most others are saying. It could almost be believable if they weren't saying different things about it. I've only spent about 30 USD myself.. but I know others that have dropped a lot of money for this.

Texas
12/18/2011 10:57:16 am

yeah,,I am sure many have spent a bunch chasing the dream...Personally, I will most likely sell what I have.

Lisa
12/18/2011 12:19:34 pm

Hopefully we wake up tomorrow to some good news!

dont know
12/18/2011 12:22:07 pm

regardless something has to happen! because there currency cannot stay at 00.0000..so we wait and see if it's good news or bad! Its either going to go up or there going to take the 0's off. Do yall agree???

Andre
12/19/2011 01:50:54 am

I agree with Ron...some gurus should be banned! They are making statements that are absurd like Guru Doc he is so off base!Anyone thinking it will Rv at $1..or 7 or above does not understand the situation. Also to be the strongest currency in the region $1 will not doi it and to have stability $7 or so can not bring that either in comparison to the Kuwaiti currency. Also the budget can not work at the $1 rate and Iraq will go broke with the dollar rate.

Breakthru link
12/19/2011 01:54:56 am

You can surely tell good intel is hard to come by...and even more so in recent days since our troops have left.

Consider yourself chossen if you know about it at all. Relax it's happening in front of your eyes.

Just remember we are a culture that demands immediate gratification and the rest of the world doesn't work that way.


Why shoot the guru's in the foot that are trying to help us through this.

Yes some were jusy hyping dinar sales. However many were helping us try to read between the lines.

It's at your door-step so don't shoot the messengers!

Confused like everyone but highly optmistic as well. Sorry you didn't get all the shopping time you needed before Christmas...but grow up and remember what Christmas is all about in the first place.

mike reeder
12/19/2011 04:10:42 am

I have been involved with this investment since they first printed the currency. I knew at that time it was highly speculative, risky and long term. I have paid no attention to the outcome until just recently. Right now is the first time circumstances are even close to the RV. It still might not happen. As someone mentioned there is some probability that civil war could ensue. If that doesn't occur then RV is likely.

MR

Terry
12/19/2011 05:07:04 am

I think we are better off not reading the guru predictions. Most of them seem pretty crazy. I was glued to this page for days, the more I read.. the more I disbelieve.

Mike reeder
12/19/2011 05:26:53 am

Right on Terry. I also have been following these Gurus latlely and I can't grasp whether they are just wishful thinkers or truly malicious. What would be in it for them to be malicious. Then again maybe they are being paid by others to pump more dinar sales. That is probably the highest likely scenario.

MR

D
12/19/2011 05:56:59 am

Well,well,well, yea gurus-wrong AGAIN. It aint gonna happen. You all have not a clue! I can use this Funny Money to start my fireplace. F.O.S.

Matty R (uk) link
12/19/2011 07:59:48 am

Well guys and gals, i've been in this for about 2 years now since i worked as a contractor in Arifjan Camp (kuwait) and before, i hear and see so much from all the different sites alot of so called Gurus claim its about to happen with oh what another hold up because well you guys must see the pattern, it'll happen when it happens just wish you could stop take a breathe and think yeah i know im just waisting everyones time putting PUMP to quote the most well informed Guru out their aa person who never puts dates or over the top rates out on the boards, all we ask is if the gen is defo post it PUMP hold on to it..........!


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