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Expert calls to open up to the world to address the legacy of the former regime, financial and parliamentary Mtminan for the safety of Iraqi funds abroad
05/29/20140
Demonstrated financial expert known, on Wednesday, he feared the possibility of a foreign private sector to provide new complaints for more than Altaubiat after not renewing the protection of Iraqi funds by the U.S. administration, calling for the opening up to the world to address the legacy of the previous regime, while reduced and the Ministry of Finance of the possibility of "piracy" of Iraqi funds abroad, promised that Iraq's parliament will ensure the protection of his money on legal action in accordance with the sound.
A financial expert and former official at the Iraqi Central Bank, the appearance of Mohammed Saleh, said in an interview to the newspaper (range), "The Development Fund for Iraq includes accounts receivable of oil, which opened in May 2003, and works for the protection of Iraq's money and wealth," noting that " U.S. President, Barack Obama has the authority to renew the protection of those funds with the approval of Congress, as was done in May of each year. "
Saleh added that "the United States believes the lack of justification for maintaining the protection of Iraqi funds it has not been renewed protection this year."
But financial expert and former official at the central bank, expressed his fear of "the possibility of a foreign private sector to submit complaints to the funds of the Republic of Iraq," noting the presence of "an unknown number of parties sue or get court orders, for reasons that may be false or forged, or sued again after that win those filed by the former, which is open. "
And saw the benefit, that "Iraq to face the world and has the strength and courage to face things and give rights to their owners and resorting to the Paris Convention," pointing out that "more than 21 percent of commercial debt before the year 1990, had been settled by the terms of the Paris Agreement, and should They do not conflict with the new financial settlements that agreement. "
Despite fears of a former official at the central bank on the Iraqi funds, but stressed that "Iraq has a defensive force for his money in the Ministry of Justice is composed of experts, money and the law are working in collaboration with international lawyers to defend the financial interests of Iraq," returned to "the threat to Iraqi funds remains exists because the world is not guaranteed and we must defend our interests, financial and give the right to his companions, and to be open to the world to address the legacy of the previous regime. "
For his part, saw the financial expert Hilal Taan, in an interview to the newspaper (range), "The Iraqi government fulfilled all its financial obligations towards the creditor countries, and given the debt owed by the former regime," returned that "there is no seriousness of creditors or piracy funds Iraq after turning off his debts through the Paris Convention, as well as the Gulf War reparations through the deduction of part of the general budget for repayment. "
The Director of Administration and Planning in the Ministry of Finance, that "Iraq has to pay a large part of its foreign debt is not the risk of the emergence of creditors potential to demand their money nor fears their backs when the restoration of Iraqi funds," pointing out that "Iraq is a sovereign country and has an independent government and it is natural that raise money for protection. "
It said a member of the Parliamentary Finance Committee, Najiba Najib, in an interview to the newspaper (range), "The Iraqi funds were under the protection of the United States since the year 2003 until the present day," indicating that "Iraq after it emerged from Chapter VII of the Charter of the United Nations he was able to manage his money, so it did not renew the U.S. decision to protect his money this year. "
She a member of the Kurdistan Alliance, that "the DFI fund was able to protect Iraqi funds from claimants Bdjunhm of people, companies and countries," adding that "Iraq will ensure the protection of its funds according to proper legal procedures."
It is noteworthy that the Ministry of Finance, confirmed in (the 14th of May 2014 now), they will not ask to renew American protection to Iraqi funds deposited in their banks, to assume the CBI responsible for management after coming out of Chapter VII of the Charter of the United Nations, while the central bank that fulfilled its obligations to the vast majority of the creditors, and the rest of them "do not constitute a source of concern," objected to the parliamentary finance committee, and carried it to the government and the central bank responsible for "any loss of those funds."
Deposited in (the Development Fund for Iraq) Iraq's revenues from oil exports, and the United Nations withdraw from such proceeds five percent compensation to Kuwait for the invasion, while the Ministry of Finance to pay the debt of Iraq by the Government recognizes the responsibility of overseeing the fund.
And the Development Fund for Iraq, DFI form under UN Security Council Resolution 1483 to protect Iraqi funds from international claims and pirated after the events of the year 2003, while among experts that Iraq has lost part of its expenses, and that any obstruction in the rates of export of oil or the fluctuation in prices, will affect the ability of government spending, amid a political crisis that is unprecedented in the country.
The UN Security Council has committed the Iraqi government at the end of 2010 to develop a plan for the receipt of the oversight functions on the "Development Fund for Iraq," the United Nations the end of 2010, for the Iraq after cum-Treasury U.S. federal to ensure immunity by law, the U.S. presidential him and that would the protection of Iraq's oil imports from custody by a lot of creditors.
The UN Security Council voted in (the 27 of June 2013), unanimously approved the decision to remove Iraq from Chapter VII, in the presence of Iraqi Foreign Minister Hoshyar Zebari, and before that Iraq sought to cancel the debts arising during the reign of the former regime, amounting to more than 120 billion dollars, which date back to some compensation because of wars waged by his neighbors and others countries and traders, with some states requiring the government and Iraqi traders need to pay their dues and are threatening to sue in international courts to fund Iraqi imports. TYD
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05/29/20140
Demonstrated financial expert known, on Wednesday, he feared the possibility of a foreign private sector to provide new complaints for more than Altaubiat after not renewing the protection of Iraqi funds by the U.S. administration, calling for the opening up to the world to address the legacy of the previous regime, while reduced and the Ministry of Finance of the possibility of "piracy" of Iraqi funds abroad, promised that Iraq's parliament will ensure the protection of his money on legal action in accordance with the sound.
A financial expert and former official at the Iraqi Central Bank, the appearance of Mohammed Saleh, said in an interview to the newspaper (range), "The Development Fund for Iraq includes accounts receivable of oil, which opened in May 2003, and works for the protection of Iraq's money and wealth," noting that " U.S. President, Barack Obama has the authority to renew the protection of those funds with the approval of Congress, as was done in May of each year. "
Saleh added that "the United States believes the lack of justification for maintaining the protection of Iraqi funds it has not been renewed protection this year."
But financial expert and former official at the central bank, expressed his fear of "the possibility of a foreign private sector to submit complaints to the funds of the Republic of Iraq," noting the presence of "an unknown number of parties sue or get court orders, for reasons that may be false or forged, or sued again after that win those filed by the former, which is open. "
And saw the benefit, that "Iraq to face the world and has the strength and courage to face things and give rights to their owners and resorting to the Paris Convention," pointing out that "more than 21 percent of commercial debt before the year 1990, had been settled by the terms of the Paris Agreement, and should They do not conflict with the new financial settlements that agreement. "
Despite fears of a former official at the central bank on the Iraqi funds, but stressed that "Iraq has a defensive force for his money in the Ministry of Justice is composed of experts, money and the law are working in collaboration with international lawyers to defend the financial interests of Iraq," returned to "the threat to Iraqi funds remains exists because the world is not guaranteed and we must defend our interests, financial and give the right to his companions, and to be open to the world to address the legacy of the previous regime. "
For his part, saw the financial expert Hilal Taan, in an interview to the newspaper (range), "The Iraqi government fulfilled all its financial obligations towards the creditor countries, and given the debt owed by the former regime," returned that "there is no seriousness of creditors or piracy funds Iraq after turning off his debts through the Paris Convention, as well as the Gulf War reparations through the deduction of part of the general budget for repayment. "
The Director of Administration and Planning in the Ministry of Finance, that "Iraq has to pay a large part of its foreign debt is not the risk of the emergence of creditors potential to demand their money nor fears their backs when the restoration of Iraqi funds," pointing out that "Iraq is a sovereign country and has an independent government and it is natural that raise money for protection. "
It said a member of the Parliamentary Finance Committee, Najiba Najib, in an interview to the newspaper (range), "The Iraqi funds were under the protection of the United States since the year 2003 until the present day," indicating that "Iraq after it emerged from Chapter VII of the Charter of the United Nations he was able to manage his money, so it did not renew the U.S. decision to protect his money this year. "
She a member of the Kurdistan Alliance, that "the DFI fund was able to protect Iraqi funds from claimants Bdjunhm of people, companies and countries," adding that "Iraq will ensure the protection of its funds according to proper legal procedures."
It is noteworthy that the Ministry of Finance, confirmed in (the 14th of May 2014 now), they will not ask to renew American protection to Iraqi funds deposited in their banks, to assume the CBI responsible for management after coming out of Chapter VII of the Charter of the United Nations, while the central bank that fulfilled its obligations to the vast majority of the creditors, and the rest of them "do not constitute a source of concern," objected to the parliamentary finance committee, and carried it to the government and the central bank responsible for "any loss of those funds."
Deposited in (the Development Fund for Iraq) Iraq's revenues from oil exports, and the United Nations withdraw from such proceeds five percent compensation to Kuwait for the invasion, while the Ministry of Finance to pay the debt of Iraq by the Government recognizes the responsibility of overseeing the fund.
And the Development Fund for Iraq, DFI form under UN Security Council Resolution 1483 to protect Iraqi funds from international claims and pirated after the events of the year 2003, while among experts that Iraq has lost part of its expenses, and that any obstruction in the rates of export of oil or the fluctuation in prices, will affect the ability of government spending, amid a political crisis that is unprecedented in the country.
The UN Security Council has committed the Iraqi government at the end of 2010 to develop a plan for the receipt of the oversight functions on the "Development Fund for Iraq," the United Nations the end of 2010, for the Iraq after cum-Treasury U.S. federal to ensure immunity by law, the U.S. presidential him and that would the protection of Iraq's oil imports from custody by a lot of creditors.
The UN Security Council voted in (the 27 of June 2013), unanimously approved the decision to remove Iraq from Chapter VII, in the presence of Iraqi Foreign Minister Hoshyar Zebari, and before that Iraq sought to cancel the debts arising during the reign of the former regime, amounting to more than 120 billion dollars, which date back to some compensation because of wars waged by his neighbors and others countries and traders, with some states requiring the government and Iraqi traders need to pay their dues and are threatening to sue in international courts to fund Iraqi imports. TYD
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