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BAGHDAD - Iraq Press -2 April: The Minister of Finance acting purity of net debt, on Wednesday, that Iraq had decided not to renew the request for protection of Iraqi funds in U.S. banks, and while stressing that the United States can not provide protection for Iraq's money anymore under the pressure of popular American between his country will settle the debt with the most creditor countries according to the Paris Convention.
Safi said in a statement to Iraq Press / "The United States helped Iraq to settle its debts with a number of countries, in the last period, through the protection of Iraqi funds."
He added that "Iraq has become immune and does not need to protect his money again," pointing out that "there are U.S. companies owed Iraq with money, and therefore, Washington can not continue the protection of that money, amid claims the popular American stop protection," he said.
And the Net, "The United States has urged Iraq to deal with creditors and debt settlement on all sides, and confirmed that it can not continue to protect its assets in U.S. banks."
He added that "Iraq has taken a series of measures to settle its debts with creditors dozens of companies," pointing out that "the lawyers will take the necessary legal procedures to protect the money after the lifting of protection for this."
And the net that "Iraq did not want to take away other rights, but he aspires to a settlement, and that the Iraqi government was able to settle their debts with the governments of the creditor countries in accordance with the Paris Club agreement, the judge paying Iraq 20% of the amounts owed by him, in the form of payments, compared to a waiver of those governments for 80%, or 10% cash payment in exchange for ceding 90%, "he said, adding that many countries have agreed to this settlement."
He concluded by saying that "Iraq seeks to provide protection for his money abroad to take legal and financial means necessary to deliver the creditor to claim settlement
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