What the GCC section is about...
There are many of us on the forum who believe that Iraq will be part of the GCC or Gulf Cooperation Counsil in the year 2010. The Gulf Cooperation Counsel is a 6 member counsel of the gulf states of Kuwait, Saudi Arabia, Qatar, Bahrain, the United Arab Emirates and Oman. They are schedualed to all come under one currency (similar to that of the Euro) in 2010. These countries all have 3 things in common...
1. They are all gulf states.
2. They all have oil.
3. They are all going to peg that new currency to the dollar.
The Gulf Cooperation Council seeks to strengthen cooperation (in areas such as agriculture, industry, investment, security, and trade) GCC members have agreed
to establish a customs union in 2005 and a broader economic union (including a single market and currency) by 2010.
The presidency of the Gulf Cooperation Council rotates yearly among members. Council headquarters are in Riyadh, Saudi Arabia
Based on the news articles below we can come to the conclusion that the GCC wants Iraq and vise versa...
New Iraq Can Join GCC: Bahraini Minister
"MANAMA, 19 October 2003 — Post-Saddam Hussein Iraq is in a position to join the Gulf Cooperation Council (GCC), either partially or as a full member, a Bahraini minister said yesterday. “I believe Iraq is in a position to join the GCC, either partially or as a full-fledged member,” Trade Minister Ali Saleh Al-Saleh told reporters."
Iraq Seeks GCC Entry
Associated Press, Arab News
KUWAIT CITY, 7 December 2003 — A member of Iraq’s Governing Council said yesterday that his country wants to join the six-nation Gulf Cooperation Council and has the right to belong to the regional organization.
Ibrahim al-Jaafari, a member of the US-appointed Iraqi council, made the statement two weeks before a summit meeting of GCC leaders is scheduled in Kuwait.
“We believe that the new Iraq has to be a member of the GCC,” Al-Jaafari told reporters on the sidelines of a conference on Islamic groups and political reform. “(Iraq) doesn’t only have the right to belong, it can also offer strong backing and support for the Gulf countries.”
The council groups Kuwait, Saudi Arabia, Qatar, Bahrain, the United Arab Emirates and Oman. Iraq was never a member, but it was represented in some of the GCC’s cultural and sports organizations.
Iraq’s ties to the organization were cut when President Saddam Hussein ordered the invasion of Kuwait in 1990 and the Iraqi Army occupied the country for seven months. A US-led coalition liberated the country in the 1991 Gulf War.
“Iraq is a country that overlooks the Gulf, this is a truth... it is actually an Arab Gulf country,” Al-Jaafari said. If the regime of Saddam Hussein was an obstacle, it is gone now, he added.
Al-Jaafari said he has discussed this with all Gulf states and “found nothing but positive positions.” Ties between Kuwait and Iraq were severed until the United States and Britain invaded Iraq and removed Saddam from power in April.
Iraq 'not healthy enough' for GCC
Thursday 15 July 2004, 11:56 Makka Time, 8:56 GMT
Don't expect Iraq to join the Gulf Cooperation Council (GCC), says Iraq's president. At least not yet.
It is unrealistic for Iraq to ask to join the six-member council due to the current political situation said Iraqi President Shaikh Ghazi al-Yawar on Wednesday.
"I believe this request is unrealistic," Yawar told reporters in Baghdad after meeting with members of the country's new appeals court.
"We in Iraq are not in a position that would allow us to impose upon our brothers (such a request)."
He said Iraq faces a lot of problems and is in no position to join "a very organised and healthy body," like the GCC, which groups Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Yawar likened a request by Iraq to join the GCC to someone with a severe cold asking to come into your home.
"Maybe, in the future, when Iraq recovers, by then, these countries will be ready to accept the democratic Iraq. We will play an important role," he said.
The GCC and its member countries have welcomed the interim government installed by US-led occupying forces.
Before Saddam Hussein's invasion of Kuwait in 1991 and the end of diplomatic ties between Iraq and the GCC states, Baghdad was granted the status of observer during some of the council's summits and meetings.
Furthermore given this table courtesy of JeffP, we can see that the 6 gulf states are equally divided economicaly in reguards to their currency...
1 US Dollar = 3.75020 Saudi Riyal -current banknotes:1,5,10,20,50,100,500
1 Saudi Riyal (SAR) = 0.26665 US Dollar (USD)
1 US Dollar = 3.64000 Qatari Rial - current banknotes:1,5,10,50,100,500
1 Qatari Rial (QAR) = 0.27473 US Dollar (USD)
1 US Dollar = 3.67450 Utd. Arab Emir. Dirham -current banknotes: 5,10,20,50,100,200,500,1000
1 Utd. Arab Emir. Dirham (AED) = 0.27 215 US Dollar (USD)
----This space officially reserved for Iraq ----
1 US Dollar = 0.37701 Bahraini Dinar -current banknotes:1/2,1,5,10,20
1 Bahraini Dinar (BHD) = 2.65245 US Dollar (USD)
1 US Dollar = 0.38599 Omani Rial -current banknotes: 1,5,10,20,50
1 Omani Rial (OMR) = 2.59074 US Dollar (USD)
1 US Dollar = 0.29353 Kuwaiti Dinar -current banknotes: 1/4,1/2,1,5,10,20
1 Kuwaiti Dinar (KWD) = 3.40681 US Dollar (USD)
This section of the forum is dedicated to listing news and discussion(past, present and future) of the GCC and thier relation to Iraq.
So if it's about the GCC POST IT HERE!!!
Last edited by Jerry; 01-08-2005 at 02:12 AM.
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