Washington worried about the situation in Iraq and abandon the protection of Iraqi funds

[yota691]

Washington worried about the situation in Iraq and abandon the protection of Iraqi funds

The time on Tuesday, February 19 / February 2013 09:58 | |

Baghdad / Orr News

A senior political source revealed about the intention of the U.S. administration to inform the Iraqi government a message that the U.S. government is concerned monetary and financial developments taking place in the country.

He said that the U.S. Embassy in Baghdad told the Iraqi government that the U.S. delegation from the U.S. Treasury, "financial" will arrive in Baghdad with a bank officials the U.S. Federal Reserve, "Federal Reserve" to inform the Iraqi government a message that the U.S. government is concerned about financial developments and current cash in the country.

The source, who preferred anonymity, said that the essence of the American message boils down to that the U.S. administration is not interested in the protection of Iraqi funds in the account of the Development Fund for Iraq " DFI "of the Iraqi Ministry of Finance. The source added that the U.S. administration would raise her hand to protect Iraqi funds in the month of May 2013, explaining that he will inform the Iraqi government's decision not to renew according to an official letter.

The source pointed out that the U.S. administration has become concerned about the future of Iraq in light of the political pressure that the country is going through, stressing that they indicate a clear case of exclusion of several political components.

Was created Development Fund for Iraq DFI in May of 2003 by the director of the Coalition Provisional Authority was recognized, under Security Council resolution for the United MMA 1483 and after the dissolution of the Coalition Provisional Authority in June 2004, has been delegated the U.S. government by the Government of Iraq to manage funds of the Development Fund for Iraq, which was made ​​available to reconstruction projects, and the U.S. Defense Department, the administration of the said fund on behalf of the U.S. Government, authorization was withdrawn with effect from 31 December 2007.

The Iraqi government is keen to ensure that the extension of the work of the Fund, which was established in 2003 after the fall of Saddam Hussein in order to protect the revenue from sales of oil and natural gas in Iraq. Iraq has been under since 1990 under Chapter VII of the Charter of the United Nations, which imposed after the invasion regime of former President Saddam Hussein of Kuwait in August of the same year, and this item allows the use of force against Iraq as a threat to international security, as well as freezing of large amounts of its assets financial in international banks.

http://www.uragency.net/index.php/2012-03-11-16-31-52/2012-03-11-16-33-57/17216-2013-02-19-09-58-57

[jeepguy]

mmmmmmmm, may 2013 uhhhh ! after that it is a free for all -as to who will get their hands on iraq money from law suits and other cash bound entiities, not to mention world bank and i,m,f, for those loans we are all sure iraq will not pay back on a timely manner............. time is realllllyyyy running out for iraq now

[LIBoy]

Has it ever been published as to what the actual dollar amount of the DFI is?

[Biker]

Oh im sure the USA will step up to the plate and pull them back in under there arm, pat them on the head and say carry on boys but play nice.

[TQueezy]

Has it ever been published as to what the actual dollar amount of the DFI is?

Couple hundred billion, if I recall correctly. I don't have a link for it though.

[hammer911]

Nice post Yota... This could get interesting around May!!! I dont think it has ever been in print, there intentions to not keep guarding the funds. I may be wrong.. But I dont remember ever seeing this in the past 5 years!!! GO RV!!!~~~

[yota691]

Couple hundred billion, if I recall correctly. I don't have a link for it though.

I think (hoping) it more then that...almost 1 T and it JMO with no link

[cooked]

I think (hoping) it more then that...almost 1 T and it JMO with no link

Agreed, the more they owe the more they need a currency worth something. I thought the number was around 80 billion. Hope it's higher.

[sandstorm]

More leverage being applied. get your act together or we will let the wolves attack your dfi. they say money talks ..we will see

[C.H.]

Interesting the May 2013 time frame just happens to coincide with the debt ceiling limit here in the U.S.

[uncirculd]

I just wonder if that's what the PM wants so he can get his hands on it.  He don't care about the ramifications of being sued.  It just seems that's something dumb he would do.

[R Veyron]

The US is not going to hold their hand anymore.. this is probably a good thing.. tick..tick...tick...tick...

[yota691]

The US is not going to hold their hand anymore.. this is probably a good thing.. tick..tick...tick...tick...

I have to say the opposite..In fact they are gonna do all they can to get this agreement fulfilled..and if it doing everything for them so be it...that why they have SFA is in place..  The US gov needs this just as bad as Iraq..JMO 

[RVandGolf]

Couple hundred billion, if I recall correctly. I don't have a link for it though.

I think it's about 800 billion, but I don't have a link either.

[Hotcurl]

As I recall (no link), the number in the DFI, was in the 800B range, 6 to 8 maybe 10 months ago. Considering the rate Iraq, is pumping crude, the DFI balance should be significantly more.

 

From my perspective, for what it's worth, The world players have run out of patience with Iraq and the doctor has ordered a Cranial Rectal Extraction.

[fishing]

Maybe we have something to be excited about, time will tell!