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Economic concerns of the inability of Iraq to provide permanent protection for its oil revenues
Baghdad, June 19 (Rn) - The number of Iraqi economists fear of the inability of the Iraqi government in the provision of legal mechanisms to protect Iraq's oil revenues after next June.
The economic expert and member of the Higher Council for trading cash Shaker Abdullah Zamili of Kurdistan News Agency (Rn) that "financial institutions in the Iraqi government is unable to provide protections solid after next June, unless the works to address gaps banking government and the evolution of the performance of private banks to share the process of the protection of Iraqi funds from behind the oil revenues. "
He added that "the Committee headed by Deputy Prime Minister Nuri Shaways Rose does not use economic expertise, foreign and international financial centers that would put an end to claims of trade creditors."
He pointed out that "Iraq has to work in earnest to form a higher committee to coordinate with foreign banks to prevent the freezing of bank accounts of Iraqi funds."
In turn, economic expert and member of the organization People for the protection of Iraqi funds Bahaa Al Jabri (Rn) that "the Iraqi money is supposed to start laying the foundation for the banking and legal protection of trade creditors this month."
He added that "Iraq is essential for him to agree with the banking companies worldwide do not have branches in countries that claim to require Iraq large sums, such as Kuwait and Saudi Arabia and Egypt as well as to develop a system of protection-mail (opil sugp) which is to prevent any internal manipulation of the money deposited only with the consent of the depositor of money ".
He said, "One year not enough to put cash and legal protections needed to solve the problem of the economic capacity to reach the final and permanent protections for Aazdat oil in Iraq."
In turn, said a member of the parliamentary Economic Commission Salman al-Moussawi (Rn) that "the Economic Commission agreed with the government being able to extend the protection of Iraqi funds for another year as booming strategic framework agreement with Washington."
He added that "the government will continue to provide reports on an ongoing basis and will be the main issues that stand as an obstacle to trade creditors and file protection for the final proceeds of Iraqi oil."
He pointed out that "the parliamentary Economic Committee works in coordination with the State Commission on the provision of banking controls necessary to prevent any tampering with Iraqi money by trade creditors."
The Central Bank of Iraq June 13 that Iraq is being completed all the legal procedures and bank intervention to protect Iraqi funds in the White House until next June.
Prime Minister Nuri al-Maliki had said earlier that Iraqi money is still in danger unless accelerate legal requirements to protect the White House to the Iraqi funds.
He said the Iraqi Central Bank's decision to the President of the United States President Mtthmlh Obaba money on the protection of Iraqi oil revenues and a private bank depositor federal block trade creditors.
On March 6 The Central Bank said that Iraq follow the high political level in the economic pay the debt it has not faced legal problems.
It was announced on 23 February, the Central Bank of Iraq that Iraq's debt paid three thousand five hundred creditor commercial value of $ 2.7 billion as a way to protect his money from the manipulation of foreign trading companies.
It is hoped that Iraq shall submit to the UN Security Council a detailed report looking at the next May when the most important pillars of the protection of Iraqi funds.
Revealed the Iraqi Finance Ministry on the seventh of January last, the work of the Committee to Protect Iraqi funds abroad will be secret to avoid the front companies that claim to require Iraq money.
The Ministry of Finance of Iraq, the first of last January that the Commission on technical government would develop mechanisms to protect Iraqi funds in foreign banks after the UN Security Council resolution mid-November last, who spent lifting of protection for Iraqi funds the end of June next.
The UN Security Council voted unanimously in mid-January last three decisions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and cancel the oil for food program, and extended immunity for for the last phase compensation imposed under Chapter VII until the end of June / June.
The former Iraqi president Saddam Hussein ordered the invasion of Kuwait in 1990, its impact on the sanctions imposed on Iraq from the international community and put under Chapter VII, which makes him the country threatens international peace and security.
Included international sanctions prevented the import of chemicals and nuclear technology that could be used in the programs of secret nuclear, chemical and biological weapons.
Has allowed the United Nations in 1995 for Iraq to sell oil in return for food, called the program "Oil for
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Baghdad, June 19 (Rn) - The number of Iraqi economists fear of the inability of the Iraqi government in the provision of legal mechanisms to protect Iraq's oil revenues after next June.
The economic expert and member of the Higher Council for trading cash Shaker Abdullah Zamili of Kurdistan News Agency (Rn) that "financial institutions in the Iraqi government is unable to provide protections solid after next June, unless the works to address gaps banking government and the evolution of the performance of private banks to share the process of the protection of Iraqi funds from behind the oil revenues. "
He added that "the Committee headed by Deputy Prime Minister Nuri Shaways Rose does not use economic expertise, foreign and international financial centers that would put an end to claims of trade creditors."
He pointed out that "Iraq has to work in earnest to form a higher committee to coordinate with foreign banks to prevent the freezing of bank accounts of Iraqi funds."
In turn, economic expert and member of the organization People for the protection of Iraqi funds Bahaa Al Jabri (Rn) that "the Iraqi money is supposed to start laying the foundation for the banking and legal protection of trade creditors this month."
He added that "Iraq is essential for him to agree with the banking companies worldwide do not have branches in countries that claim to require Iraq large sums, such as Kuwait and Saudi Arabia and Egypt as well as to develop a system of protection-mail (opil sugp) which is to prevent any internal manipulation of the money deposited only with the consent of the depositor of money ".
He said, "One year not enough to put cash and legal protections needed to solve the problem of the economic capacity to reach the final and permanent protections for Aazdat oil in Iraq."
In turn, said a member of the parliamentary Economic Commission Salman al-Moussawi (Rn) that "the Economic Commission agreed with the government being able to extend the protection of Iraqi funds for another year as booming strategic framework agreement with Washington."
He added that "the government will continue to provide reports on an ongoing basis and will be the main issues that stand as an obstacle to trade creditors and file protection for the final proceeds of Iraqi oil."
He pointed out that "the parliamentary Economic Committee works in coordination with the State Commission on the provision of banking controls necessary to prevent any tampering with Iraqi money by trade creditors."
The Central Bank of Iraq June 13 that Iraq is being completed all the legal procedures and bank intervention to protect Iraqi funds in the White House until next June.
Prime Minister Nuri al-Maliki had said earlier that Iraqi money is still in danger unless accelerate legal requirements to protect the White House to the Iraqi funds.
He said the Iraqi Central Bank's decision to the President of the United States President Mtthmlh Obaba money on the protection of Iraqi oil revenues and a private bank depositor federal block trade creditors.
On March 6 The Central Bank said that Iraq follow the high political level in the economic pay the debt it has not faced legal problems.
It was announced on 23 February, the Central Bank of Iraq that Iraq's debt paid three thousand five hundred creditor commercial value of $ 2.7 billion as a way to protect his money from the manipulation of foreign trading companies.
It is hoped that Iraq shall submit to the UN Security Council a detailed report looking at the next May when the most important pillars of the protection of Iraqi funds.
Revealed the Iraqi Finance Ministry on the seventh of January last, the work of the Committee to Protect Iraqi funds abroad will be secret to avoid the front companies that claim to require Iraq money.
The Ministry of Finance of Iraq, the first of last January that the Commission on technical government would develop mechanisms to protect Iraqi funds in foreign banks after the UN Security Council resolution mid-November last, who spent lifting of protection for Iraqi funds the end of June next.
The UN Security Council voted unanimously in mid-January last three decisions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and cancel the oil for food program, and extended immunity for for the last phase compensation imposed under Chapter VII until the end of June / June.
The former Iraqi president Saddam Hussein ordered the invasion of Kuwait in 1990, its impact on the sanctions imposed on Iraq from the international community and put under Chapter VII, which makes him the country threatens international peace and security.
Included international sanctions prevented the import of chemicals and nuclear technology that could be used in the programs of secret nuclear, chemical and biological weapons.
Has allowed the United Nations in 1995 for Iraq to sell oil in return for food, called the program "Oil for
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