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<BLOCKQUOTE class="postcontent restore">Central Bank: U.S. $ 400 million to Egypt, threatening the Paris Club agreement
On: Friday 27/5/2011 6:29
Baghdad / follow-term economic
Egypt, Iraq, demanding $ 400 million in wages for workers insist threaten the Paris Convention.
The adviser said the Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) The Central Bank of afraid of the breach of the Paris Convention, which established a program arbitrator to pay trade creditors after the Egyptian government's demand to pay $ 400 million in wages for Egyptian workers in Iraq in the Eighties of the last century. "
He added that the difference now is that Iraq sees it as receivables are of the view of the Egyptian side as a debt which is causing significant economic problems for the Iraq policy to get rid of debts. "
He added that "the central bank promised to the Egyptian delegation that is visiting Iraq equitable solution for both sides, so Do not waste where the rights of Egyptian workers and negligible problems of Iraq in a commercial creditors." He noted that "Iraq was working to end this file with Egypt or any commercial creditor in accordance with the legal and organizational systems that do not affect the economic policy of Iraq."
The central bank said that the Iraqi Committee to Protect Iraqi government money continues to work despite the United States vowed to protect. He said the Iraqi Central Bank that the U.S. decision on the protection of Iraqi funds, particularly oil revenues deposited with the Federal Bank to block the path of trade creditors who are trying to fraud in Iraq.
And the Iraqi Central Bank announced on 23 February that Iraq had paid the debt of three thousand and 500 creditor commercial value of 2.7 billion dollars as a means to protect his money from the manipulation of foreign trading companies.
Revealed the Iraqi Finance Ministry on the seventh of January last, the work of the Committee to Protect Iraqi funds abroad would be a secret to avoid fake companies that it claims credit for Iraq. The Ministry of Finance on the first of January last that the Commission on technical government took over the development of mechanisms to protect Iraqi funds in foreign banks after the decision of the UN Security Council in mid-November of last year who spent the lifting of protection for Iraqi money end of June next.
The UN Security Council voted unanimously in mid-January last three resolutions 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, also extended the immunity of and for the last phase compensation imposed under Chapter VII until the end of June next.
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On: Friday 27/5/2011 6:29
Baghdad / follow-term economic
Egypt, Iraq, demanding $ 400 million in wages for workers insist threaten the Paris Convention.
The adviser said the Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) The Central Bank of afraid of the breach of the Paris Convention, which established a program arbitrator to pay trade creditors after the Egyptian government's demand to pay $ 400 million in wages for Egyptian workers in Iraq in the Eighties of the last century. "
He added that the difference now is that Iraq sees it as receivables are of the view of the Egyptian side as a debt which is causing significant economic problems for the Iraq policy to get rid of debts. "
He added that "the central bank promised to the Egyptian delegation that is visiting Iraq equitable solution for both sides, so Do not waste where the rights of Egyptian workers and negligible problems of Iraq in a commercial creditors." He noted that "Iraq was working to end this file with Egypt or any commercial creditor in accordance with the legal and organizational systems that do not affect the economic policy of Iraq."
The central bank said that the Iraqi Committee to Protect Iraqi government money continues to work despite the United States vowed to protect. He said the Iraqi Central Bank that the U.S. decision on the protection of Iraqi funds, particularly oil revenues deposited with the Federal Bank to block the path of trade creditors who are trying to fraud in Iraq.
And the Iraqi Central Bank announced on 23 February that Iraq had paid the debt of three thousand and 500 creditor commercial value of 2.7 billion dollars as a means to protect his money from the manipulation of foreign trading companies.
Revealed the Iraqi Finance Ministry on the seventh of January last, the work of the Committee to Protect Iraqi funds abroad would be a secret to avoid fake companies that it claims credit for Iraq. The Ministry of Finance on the first of January last that the Commission on technical government took over the development of mechanisms to protect Iraqi funds in foreign banks after the decision of the UN Security Council in mid-November of last year who spent the lifting of protection for Iraqi money end of June next.
The UN Security Council voted unanimously in mid-January last three resolutions 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, also extended the immunity of and for the last phase compensation imposed under Chapter VII until the end of June next.
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