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CBI: freezing of funds intersects with the UN resolution
Baghdad, June 2 (Rn) - The Central Bank of Iraq on Thursday that the persistence of certain countries, especially Kuwait to freeze Iraqi funds in contravention of the UN resolution.
The bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the continued freeze on Iraqi assets by regional countries (including Kuwait) and international order is contrary to the UN resolution."
Saleh was referring to the UN resolution to lift Iraq from Chapter VII and raising the internationalism of the Trusteeship to the Iraqi funds.
Iraq still owes Kuwait for more than twenty billion dollars in compensation for damage to the invasion in 1990, and paid 5 percent of its oil revenues to fulfill its obligations under UN Security Council resolutions.
The UN Security Council issued in December last decisions signal the beginning of the dismantling of the sanctions on Iraq, calling for the normalization of relations between Iraq and Kuwait.
Must confirm that the Iraqi government reiterated its recognition of Kuwait's borders land and sea in a letter to the UN Security Council.
Saleh added that "States that Iraqi funds Tjtdz not possess the legal arguments, because Iraq is a mechanism identical with the Paris Club agreement for the payment of trade creditors and prevent the manipulation of money in Iraq."
Iraq argues that Kuwait has frozen about a million and a half million dollars belonging to Iraqi Airways in Jordan, the Kuwaiti authorities, while stressing that it will not compromise or give up "for one penny" to the dues on Iraqi Airways.
While appreciating the Iraqi funds frozen in Jordan and Lebanon is estimated at $ 7.8 billion, which prevent Iraq from using them year after the imposition of economic blockade in 1991.
And Saleh said that "the central bank questioned this figure and believes that the continued freeze on Iraqi assets in a number of regional countries belonging to political reasons."
He said that Iraq does not object to payment of debt, but wants to protect it from manipulation by some trade creditors.
The former Iraqi president Saddam Hussein ordered the invasion of Kuwait in 1990, and the effect of pushing Iraq to Kuwait billions of dollars of debt.
Analysts say that the states of the Security Council tend to vote in favor of removing Iraq from the restrictions imposed on it for years, but Kuwait rejected it.
The debt consists of Kuwait to Iraq of the losses suffered by the oil sector in Kuwait, in addition to the losses suffered by the government ministries and buildings during the invasion of Iraq. Baghdad says that Iraq still be subject to Chapter VII, "restricts the country and affect its independence."
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Baghdad, June 2 (Rn) - The Central Bank of Iraq on Thursday that the persistence of certain countries, especially Kuwait to freeze Iraqi funds in contravention of the UN resolution.
The bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the continued freeze on Iraqi assets by regional countries (including Kuwait) and international order is contrary to the UN resolution."
Saleh was referring to the UN resolution to lift Iraq from Chapter VII and raising the internationalism of the Trusteeship to the Iraqi funds.
Iraq still owes Kuwait for more than twenty billion dollars in compensation for damage to the invasion in 1990, and paid 5 percent of its oil revenues to fulfill its obligations under UN Security Council resolutions.
The UN Security Council issued in December last decisions signal the beginning of the dismantling of the sanctions on Iraq, calling for the normalization of relations between Iraq and Kuwait.
Must confirm that the Iraqi government reiterated its recognition of Kuwait's borders land and sea in a letter to the UN Security Council.
Saleh added that "States that Iraqi funds Tjtdz not possess the legal arguments, because Iraq is a mechanism identical with the Paris Club agreement for the payment of trade creditors and prevent the manipulation of money in Iraq."
Iraq argues that Kuwait has frozen about a million and a half million dollars belonging to Iraqi Airways in Jordan, the Kuwaiti authorities, while stressing that it will not compromise or give up "for one penny" to the dues on Iraqi Airways.
While appreciating the Iraqi funds frozen in Jordan and Lebanon is estimated at $ 7.8 billion, which prevent Iraq from using them year after the imposition of economic blockade in 1991.
And Saleh said that "the central bank questioned this figure and believes that the continued freeze on Iraqi assets in a number of regional countries belonging to political reasons."
He said that Iraq does not object to payment of debt, but wants to protect it from manipulation by some trade creditors.
The former Iraqi president Saddam Hussein ordered the invasion of Kuwait in 1990, and the effect of pushing Iraq to Kuwait billions of dollars of debt.
Analysts say that the states of the Security Council tend to vote in favor of removing Iraq from the restrictions imposed on it for years, but Kuwait rejected it.
The debt consists of Kuwait to Iraq of the losses suffered by the oil sector in Kuwait, in addition to the losses suffered by the government ministries and buildings during the invasion of Iraq. Baghdad says that Iraq still be subject to Chapter VII, "restricts the country and affect its independence."
[You must be registered and logged in to see this link.]
