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Zebari: Government caused delay to request a further extension of the protection of Iraq's money On: Sat 20/11/2010 8:27 Baghdad (news) .. Foreign Minister, Hoshyar Zebari said the delay in forming a government and a lack of McCann should be to find alternatives for the protection of Iraqi funds has led thus to extend the protection of funds and Iraqi assets abroad is most probable that this last extension after the departure of Iraq subject to Chapter VII. Zebari said in a statement to the reporter (Agency news) said today that the issue of Iraqi funds in the Development Fund for Iraq DFI to protect it from loss due to lawsuits filed by people and institutions against the former Iraqi regime is one of the important issues and expressed his belief that the delay in forming the government and the lack of McCann should be in finding alternatives to the banks where the money saved to protect shares may request an extension in the request for the protection of the money likely to be Altdid This is the latest out of Iraq after the Chapter VII. The UN Security Council issued in March 2003 its resolution 1483, which put money in Iraq DFI Development Fund for Iraq to protect it from loss due to lawsuits filed by people and institutions against the former Iraqi regime. Iraqi official confirmed that the protection of Iraq's assets abroad are still there, but sources in the CBI said that the immunity of Iraqi funds would be lifted end of the year 2010. (AND THEY SHOULD BE LIFTED BECAUSE OF THE GOI). The chancellor said the Central Bank of Iraq the appearance of Mohammed Saleh said that UN Security Council Resolution 1483, issued in March continues to provide protection of funds and Iraqi assets abroad, particularly the Development Fund for Iraq, opened at the Federal Reserve Bank of New York, an account that you deposit the proceeds of Iraqi oil and which are deducted from the Kuwait war compensation amounting to 5% of those returns. It is noteworthy that this account is managed by the Central Bank of Iraq being the financial agent of the Iraqi state, and there are additional guarantees issued by the U.S. President to protect the funds of the Iraqi Central Bank in the United States of any prosecution being raised here and there against the interests of the Iraqi funds, called the Executive Order of President which is renewed annually and in force until the middle of next year. Salih stressed that no country in the world was not exposed to their interests threatened by the judicial organs in the world. But Iraq in particular because of its debt prior to 1990 are still exposed to some of the lawsuits here and there, which represent the various claims of creditors, whether commercial or private individuals, and that the Iraqi judicial institution facing these cases efficiently to ensure the rights of Iraq. The Chairman of the Securities Commission in Iraq, Abdul Razak Dawood Al Saadi said Iraq under Security Council resolution regarding the stocks and funds frozen, which was released in 1990, was issued Security Council resolution 1483 of 2003, which grants legal protection of Iraqi funds deposited in the International Fund against any prosecution judicial, legal, or judgments for the benefit of third parties. Saadi revealed as the pursuit of the Ministry of Finance and the Ministry of Foreign Affairs to raise the international protection and remove Iraq from Chapter VII and give Iraq to protect his assets abroad. http://translate.googleusercontent.c...ze6bF1YxpudFLw

Anything is possible..

Exactly Ladonna..

Come on, enter the 21st Century...

Probably nothing until after the elections..

I guess those lack of revenues are finally catching up..

This is incredible, bombing your own people..

How many times does this nonsense have to be posted, research people...

03/03/2010 Iraq Transfers 3 Tons of Gold into CBI to Support Dinar Value Plan to increase the value of the dinar against the dollar now in place. The Ministry of Finance during his recent visit to the Jordanian capital Amman, said the CBI chagrin financially estimated $ 22 billion and three tons of gold intended to support the Iraqi dinar. He said that successful fiscal policy pursued in Iraq have contributed to increasing the value of the Iraqi dinar against the dollar, noting that the dollar exchange rate dropped significantly during the current year. On the other hand denied the authoritative source in the Iraqi Central Bank rumors making the dollar worth 1000 dinars, or a change denominations or raise zeros from the current currency. He said in a press statement that the bank has been following with great interest the phenomenon of low demand for the dollar in the local exchange markets, stressing that such information or rumors surrounding the aim of achieving commercial gain emergency for some users at the expense of the public. Extremely Interesting, especially being dated yesterday 3/3/10

I personally don't believe this 1000 dinars to 1 US dollar, give me a break... Sources: Central Bank recovered $ 10 billion, and implement a plan to equalize the Iraqi dinar in U.S. dollars 03/03/2010 Wednesday 18 - the first spring -1431 Financial sources familiar with the "home" for the restoration of the Iraqi Central Bank to more than $ 10 billion and deposits from the former regime seized in international banks, There are efforts to restore the funds other than the value of contracts and deals signed under Saddam Hussein's regime was supplemented after the war for the invasion of Kuwait in 1990. The financial sources familiar with "Al-Watan that" the United Iraqi Alliance bloc that nominated Bayan Jabr Zubaidi the next prime minister after the election, betting on the disclosure of such information described terms to augment the Iraqi National Coalition election, especially with the assurances of the IraqiCentral Bank study revalue Iraqi by deleting the 3 zeros from the nominal value of the current, and the U.S. dollar equivalent of one Iraqi dinar. Mudhir Mohammed Salih, adviser to the central bank raising project yellowing of the currency promoted by the government in 2007, "Central Bank Itboukh on the backburner" and expected to see the end of 2010 or early 2011 on the development project. " In the meantime, the central bank will continue the policy of stabilizing the exchange rate dinar to the dollar, "Al-Watan" that the central bank seeks to raise the value of the Iraqi dinar of 1180 dinars per U.S. dollar to 1000 dinars per U.S. dollars, within the month of June, and on the extent of conflict this policy with the policy of economic reform, followed by Iraq since 2003, under which the installation is a departure from the principles of capitalism Judge freely exchange rate liberalization, thecentral bank adviser said that "Iraq is in transition toward a market economy as it targets the central bank has worked to achieve the stability of the dinar exchange rate after The fluctuation is a concern for the citizen. " In response to the indictment of the central responsibility of rising inflation, despite the policy followed by the installation, Saleh said that "the Central is not interested in lower prices in the marketplace but is responsible for the overall level of prices, and inflation declined in the country and income for the first time arranged to one decimal place, a 6% after was 60% even though there is no price in the world series back to back, but important that the price hikes under control. " For its part, said an economic expert, Dr. Salama Smeisim for "home," said the leaked information from sources close to the Central Bank of Iraq can put things in different scales and different, and is considered central bank's ability to retrieve these funds from large international banks, each claimant to intervene in monetary policy, which it is exclusively the prerogative of the central bank, particularly because a lot of economic advisers in the Iraqi government demanded to borrow from Iraq's financial deposits at the central bank to cover the deficit in the general budget of the government, said Simasim must "stop such claims at a certain without encroachment on the powers of the monetary authorities. " She stressed the importance of "keeping the rule of the dinar, above all, because the existence of such quantities of cash allows the authorities concerned to use this cash to address the liquidity shortage faced by the Iraqi budget and is the argument or excuse invoked by some in his allusions to demand the seizure of the existing stockpile ofCentral Bank Editor: AlMarsad http://www.baghdadtimes.net/Arabic/index.php?sid=58968 http://translate.google.com/translat...68&sl=ar&tl=en

SECURITY COUNCIL VOTES TO EXTEND ARRANGEMENTS FOR DEPOSIT OF PROCEEDS FROM IRAQ’S OIL, PETROLEUM PRODUCTS, GAS INTO DEVELOPMENT FUND Noting Iraq’s progress in the security, political and economic fields, while recognizing that the country still needed regional and international support in order to advance further, the Security Council decided today to extend until 31 December 2009 arrangements for depositing the proceeds from sales of petroleum, petroleum products and natural gas into the Development Fund for Iraq. It also decided to review all resolutions pertaining to Iraq from 1990. Unanimously adopting resolution 1859 (2008) under Chapter VII of the United Nations Charter, the Council also extended the task of the International Advisory and Monitoring Board in overseeing the Fund for the same period. The Council decided that those decisions would be reviewed upon request by the Government of Iraq or no later than 15 June 2009, while encouraging the International Monetary Fund (IMF) and the World Bank, as members of the International Advisory and Monitoring Board, to brief the Council in January 2009.

1859 getting voted on very soon!!! UN schedule for Dec. is stating on Dec 17th they are having a meeting about the DFI. On Dec. 21st they are putting it to a vote. http://www.un.org/Docs/sc/pow.pdf Info obtained from another site.....

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