Iraq filed FOUR BILLION DOLLARS of his assets in Egypt to STRENGTHEN FOREIGN CURRENCY RESERVES! (25-03-2013)

[ALBUNDY]

Iraq filed four billion dollars of his assets in Egypt to strengthen foreign currency reserves

25-03-2013

Egypt announced on Monday to send a delegation to Iraq's economic planning Minister and the Governor of the Central Bank and economists to agree on details of Iraq's hard currency deposits at the Central Bank of Egypt to support the Egyptian economy almost collapsed because of protests and continuing unrest in the country for more than two years.

The newspaper said the Egyptian delegation that "the Minister of planning and international cooperation of Egypt Ray left Cairo International Airport Monday morning, heading to Baghdad at the head of a delegation on a visit to Iraq take several days to discuss the details of granting Egypt deposit by $ 4 billion added to the country's foreign exchange reserves."

The paper said that "Egyptian Planning Minister left aboard an Egypt air for Baghdad, accompanied by a number of officials including beauty star, Deputy Governor of the Central Bank of Egypt and a number of expert bankers."

She said that the Egyptian delegation is scheduled to meet with Iraqi Planning Minister Ali Shukri, the Governor of the Iraqi Central Bank and legal adviser to the Iraqi Prime Minister and other officials to discuss granting Iraq Egypt deposit of about $ 4 billion in the Central Bank to support the Egyptian economy. "

He was Prime Minister Nuri al-Maliki announced (4 March 2013) at a joint press conference with his Egyptian counterpart Hisham jellyfish in the capital Baghdad, with Egypt exporting crude oil to return to export to Iraq in the form of oil products after refining in refineries, and through the planned pipeline across Jordan, while jellyfish that Egypt is determined to make several economic agreements with Iraq for the benefit of the two countries.

Qandil was visited in Iraq (4 March 2013) is the first official visit of Prime Minister to the country since more than 20 years

The IMF said in a report issued on 21/3/2013 after consultations held in Oman between a delegation from the Fund and an Iraqi delegation led by ware planning to mark that according to field poll conducted by the Central Bank's reserves of 70 billion dollars, the financial precautionary balances in the Development Fund for Iraq rose to 18 billion dollars by the end of 2012, he noted that the rise came from the unexpected oil revenues ", called on the Iraqi Government to end control of banks The State-owned banking sector, stressed that Iraq will strengthen the general financial institutions to ensure efficiency and transparency in the use of oil revenues.

USAID was expected in (3 December 2012) leads the Iraqi economy during the five-year Arabic States, asserting that Iraq possessed all the qualifications to be a powerful country economically.

For years, Iraq is trying to attract foreign capital to develop its economy in the areas of private oil industry and housing and oil and gas extraction, and to the need of funds for infrastructure development and reconstruction, the markobin contend that the lack of interest of the State to the private sector, where investment laws are free of significant safeguards for investors and absence of other laws remain obstacles to the development of the economy as intended.

Iraq depends on who owns the fourth largest oil reserves in the world, 95 percent of its annual oil exports, currently produces around 2 million and 900,000 barrels per day, with exports up to 2 million and 200,000 barrels a day.

The Iraqi Parliament adopted in October 2006, the Iraqi investment law that was said at the time that it would open the door wide to foreign investment, due a lot of facilities to foreign investors, many foreign companies still hesitate because of fear of security instability in Iraq, as a result of the reluctance of investors to come, the law was amended by the House of representatives on October 13, 2009, the most important amendments to the Act giving the right investor Iraqi and foreign ownership of land and real estate belonging to the State allowance determined in accordance with the special regime.

 

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[unirod]

Benefit; Free passage through the Suez Canal for Iraqi Oil Super Tankers ?

[sandfly]

I WOUDER IF THAT IS TRUE. JUST WOUNDERING.

[hammer911]

Is this the begining of Iraq bailing out the world with it's oil money? GO RV!!!~~~