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Basra / WAP / saw, an economist at the University of Basra, Dr. Nabil Jaafar, that Iraq would emerge from the provisions of Chapter VII would expose him to the economic problems.
Jaafar told the news agency Baghdad International / WAP /, that "Iraq's money is now protected by the United Nations in accordance with Chapter VII, and this protection will continue for a period of six months after Iraq out of this item."
He added, "During the expiration of the period of international protection will do the institutions of private and public creditors claim debts on Iraq, which requires him to pay premiums Diwan service."
She continued, "This process will lead to make Iraq in front of a real problem in the issue of payment of large sums of money during the next phase."
Jaafar said, "The debt repayment will include the premium plus the interest rate and the price moving and interest is linked to the rate of inflation."
He said, "Iraq is forced to pay off the debts to creditors and will leave this issue a negative impact on the economic reality in Iraq, as it will contribute to the depletion of the country's balance of foreign currency and oil revenues."
He called on Iraq to "address this problem by moving away from the issue of external borrowing as long as sufficient internal sources and enter into negotiations with creditors to reschedule the debt and for payment of the order to get rid of them and their burden."
Iraq has been under Chapter VII of the Charter of the United Nations, which imposed after the entry of troops into Kuwait in 1990.
This item allows the use of force under the pretext of the threat of international security, in addition to freeze large amounts of its assets in international banks to pay them compensation for those affected by the invasion of Kuwait, amounting to 5% of its annual oil revenues. / End
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Jaafar told the news agency Baghdad International / WAP /, that "Iraq's money is now protected by the United Nations in accordance with Chapter VII, and this protection will continue for a period of six months after Iraq out of this item."
He added, "During the expiration of the period of international protection will do the institutions of private and public creditors claim debts on Iraq, which requires him to pay premiums Diwan service."
She continued, "This process will lead to make Iraq in front of a real problem in the issue of payment of large sums of money during the next phase."
Jaafar said, "The debt repayment will include the premium plus the interest rate and the price moving and interest is linked to the rate of inflation."
He said, "Iraq is forced to pay off the debts to creditors and will leave this issue a negative impact on the economic reality in Iraq, as it will contribute to the depletion of the country's balance of foreign currency and oil revenues."
He called on Iraq to "address this problem by moving away from the issue of external borrowing as long as sufficient internal sources and enter into negotiations with creditors to reschedule the debt and for payment of the order to get rid of them and their burden."
Iraq has been under Chapter VII of the Charter of the United Nations, which imposed after the entry of troops into Kuwait in 1990.
This item allows the use of force under the pretext of the threat of international security, in addition to freeze large amounts of its assets in international banks to pay them compensation for those affected by the invasion of Kuwait, amounting to 5% of its annual oil revenues. / End
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