UN: payment of more than one billion dollars as part of the compensation of the former regime’s invasion of Kuwait

Posted: January 24, 2014 in Iraqi Dinar/Politics

By Khabaar Khaba 01.23.2014 11:07:00

According to a statement of the Compensation Commission internationalism on Thursday that “the value of the compensation amounting to one billion and 300 thousand dollars to Kuwait, bringing the total compensation paid by Iraq to Kuwait to forty-four billion and 500 thousand dollars. ”

the statement added that “this money has gone to settle the compensation previously has not been fully repaid,” indicating that “the compensation paid to businesses and individuals affected batches every three months.”

and showed the UN, “it remains for the Iraq to pay 7.8 billion dollars the other part of this compensation, which is set 14.7 billion dollars, the largest compensation adopted by the Committee. ”

and the foundations of the UN Security Council this Committee, based in Geneva, in 1991 and is financed by a tax rate of five percent of Iraqi oil exports are deposited to the United Nations in compensation for losses Foundation Kuwaiti oil by the former regime’s invasion of Kuwait and burned the Kuwaiti oil fields.

noted that the chairman of the General Authority of Kuwait for Assessment of Compensation for the invasion of Kuwait Khalid Ahmed had said recently that the remaining amount of the compensation is estimated at 8.899 billion dollars will you receive Kuwait quarterly payments until the full repayment of the amounts of compensation.

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