Iraq Gets Rid Of Freezing Its Financial Assets And Takes A Step Towards Exiting From Chapter VII

Iraq Gets Rid Of Freezing Its Financial Assets And Takes A Step Towards Exiting From Chapter VII

02/21/2022

Iraq Gets Rid Of Freezing Its Financial Assets And Takes A Step Towards Exiting From Chapter VIIEarth News/ Economic expert Ahmed Saddam confirmed today, Monday, that Iraq has got rid of the problem of freezing its financial assets after completing the payment of Kuwaiti compensation.
Saddam told “Earth News” that “Iraq will exit from Chapter VII after it has fulfilled all its international obligations, the latest of which is the payment of Kuwait’s compensation amounting to 52.4 billion dollars.”
He added, “This means that the Iraqi government has got rid of the problem of freezing its financial assets. In addition, completing the payment of compensation to Kuwait and removing Iraq from Chapter VII will give the impression that Iraq is now outside the framework of dangerous countries,” noting that “this is a positive impact on Iraq’s international reputation.” And it has a positive impact on its economic reality.”

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