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Iraq discussed with Central American renewal '' protection MONEY in FOREIGN BANKS (22 April 2013)

ALBUNDY

By ALBUNDY,
in Iraq & Dinar Related News

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ALBUNDY Newbie

ALBUNDY

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Iraq discussed with Central American renewal '' protection money in foreign banks

 

Monday 22 April 2013

 

 

Discussed the Iraqi Central Bank Governor Abdel Basset Turki in Washington, protect the funds of Iraq and Central Bank reserves and the Development Fund for Iraq, with the US Federal Reserve in New York.

 

 

 

 

The Central Bank said in a statement that Turkish officials met in Central American in New York, on the sidelines of the International Monetary Fund and the World Bank in Washington, and discussed with them on the subject of Iraq and protect the funds of the Iraqi Central Bank reserves and the Development Fund for Iraq and other substantive issues.

 

 

 

 

US President Barack Obama signed an executive order last year to extend immunity to Iraqi money in the Development Fund for Iraq for one year, in view of the situation in Iraq.

 

 

 

 

The Central Bank, said that the money is huge, "the existence of billions of dollars distributed in a number of States, in addition to the Iraq Development Fund which includes proceeds from the sale of oil, worth more than $ 18 billion, as well as $ 64 billion for the Central Bank, deposited in US banks as a cover for the Iraqi currency, and are not subject to freezes.

 

 

 

 

The US Congress passed a resolution to freeze the assets of those injured by their nationals, including Iraq, encouraged Americans, whether citizens or companies to expedite the provision of different claims against Iraq, many depend on flimsy arguments cannot be proven, but taken en route to court and received a huge compensation decisions.

 

 

 

 

The parliamentary Finance Commission member Abdul Hussein Al-yasiri told «life», the indebtedness of Iraq after 2003 "identified in the light of claims by creditors, with about $ 140 billion, mostly through the settlement of the so-called" Paris Club "and beyond, and many States have helped us in this.

 

 

 

The "protect our money is necessary, because many creditors do not apply to claims for compensation, pointing out that the United States '' wanted to help Iraq, linked to bilateral treaties with him.

 

 

 

 

Segmentation of the money supply

In the event of non-renewal of the period of protection, Al-yasseri said: "the Central Bank is charged on cash and mass retail distribution to several countries and different currencies than the dollar, though hardly scientific book on Central Bank funds, unlike banks, can conclude agreements with solid banks to exclude any booking requests, this is what happened with Lebanon under the banks».

 

 

 

 

And allocating huge sums in the budget to resolve issues of creditors, said Al-yasiri «resolve many issues for senior and junior creditors, but Jordan, for example, issued a law to confiscate Iraqi funds and distributed to creditors, a crooked ways and Sue Jordan Central Bank». There was concern from creditors who didn't claim compensation or filed suit, and they are many, anticipated that they would "very large amounts.

 

 

 

 

Revealing the existence of Iraqi funds "put the names close to the previous regime and even the names of State officials, pointing to" follow it up since 2007, but the results are still very limited, despite the huge financial rewards for information about these funds and places of deposit, with a portion of frozen States».

 

 

 

 

The Iraqi assets abroad is a major cause in the deterioration of the relationship between the Central Bank and the Government, which repeatedly tried to withdraw deposits cover currency abroad to cover the deficit. The Bank refused, and the Government does not accept full independence granted, issued warrants for the arrest of former Governor Sinan Al-Shabibi and prison officials adults, with still a Parliamentary Commission investigating the case so far.

 

 

Read more: http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.sotaliraq.com%2Fmobile-news.php%3Fid%3D96999

 

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uncirculd Newbie

uncirculd

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I only saw that is says a portion is frozen and it also says some is not subject to freezes.  It also says the government tried to force Shabibi to tap those funds and he declined and they sacked him.  Last paragraph.  

 

In the end, if we renew this protection, we are as stupid as stupid is.

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dontlop Newbie

dontlop

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so iraq has 82 billion in reserves  including the 18 billion dfi fund which all of it isnt in iraq ..its in the federal reserve bank of new york.

 

 there are still countrys that iraq owes money .. mostly arab countrys that are not forgiving  iraqs debts ..

 

if the money isnt protected .. the funds can be frozen  until the debts are settled ..

 

while iraq is under chapter 7 .. any funds in international banks can be frozen by  debt holders of iraq ..

 

i predict the 13303  will be  extended next month since chapter 7 still hasnt been lifted . unless that ch7 status changes

 

i think iraqs debts  are around 22 billion dollars   that were not  forgiven ...

 

 this article says they originally had 140 billion in debts .. i read 85% of those debts were forgiven .. so that leaves around  22 billion .. i also read those debts are  kept by arab nations .

 

not sure if those debt numbers still stand today..  the bilateral aggreements  recently may of changed some of that

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4aprofit Newbie

4aprofit

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Well they must not be too broke....as this was put out a while back...not to mention in other news, whereby that they would become a DONOR NATION soon!...

 

 

Will open the Baghdad Stock Exchange and infiltrated .. Conference in London will turn Iraq into a bank to finance the bankrupt states

Author: the future of Iraq

17/09/2012 12:00 am

BAGHDAD / future Iraqi
parliamentary sources said that a high-level Iraqi delegation will attend a conference on investment in the banking sector and banks in Iraq to be held in the British capital London. Sources indicate that the conference will make Iraq a bank to finance the rescue bankrupt economies and banks in Europe and the United States, as is the case with the GCC banking sector. The sources also indicated that if this plan has, will make the Baghdad market securities exposed, and infiltrated by foreign companies, in return for a scenario that occurred in Southeast Asia in the eighties and caused the bankruptcy of those countries.
http://www.almustakb...w.aspx?ID=27774



From the blogs...

 

 
I question why IQD is not traded on an international level. Iraq trades with USD. How long can the Iraqi's continue to use our currency to conduct their business? Clearly, we shipped too many pallets of our cash to Iraq.

At some point Iraq is going to have to save face with their buddies in the ME. Trading with the currency of the infidels is not flattering, IMO. At some point Iraq is going to have to get off the USD *** and operate with IQD. I will wait patiently.
 
 
 
CHECK THIS OUT!..Planeloads of U.S. Dollars Being Shipped to Iraq & Still Happening!...Why?....
 
WE HAVE HEARD THAT THE U.S. HAS BEEN PUMPING BILLIONS OF USD INTO IRAQ REGULARLY...EVEN STILL NOW TODAY!....I DONT KNOW ABOUT THAT, BUT THIS CNBC VIDEO SHOWS WHERE APPX. 40 BILLION WAS MOVED FROM THE U.S. TO IRAQ, AND LIKE 11-12 BILLION OF THE 40 BILLION WAS SUPPOSEDLY STOLEN...BUT WHAT GET'S REALLY INTERESTING, IS AT APPX. 19 1/2 MINUTES INTO THE FILM, IT SHOWS THAT IRAQ'S DFI FUND, WHICH IS THE "DEVELOPMENT FUND FOR IRAQ", WHICH CONSISTS SUPPOSEDLY OF THE SIEZED ASSETS FROM SADAAM....IT DEPICTS NEAR THE END OF THE FILM, WHERE THE FUND HAS NOT WENT DOWN, BUT ACTUALLY GONE BACK UP TO 60 BILLION AFTER BEING DEPLETED OF THE 40 BILLION, DUE TO OIL REVENUES FROM IRAQ?...WHO IS PAYING WHO AND HOW SOME ASK?....AND IN THE FILM IT SAYS THAT THESE FUNDS ARE STILL BEING SENT OUT, BUT BY PRIVATE CARRIER INSTEAD OF U.S. MILITARY...I WONDER WHO MONITORS THAT?...IT SAYS THE LOADS ARE SMALLER NOWADAYS?...HOW WOULD WE KNOW?...HOW DO WE EVEN KNOW ACTUALLY HOW MUCH THERE EVER WAS THAT EXISTED, OR ACTUALLY HOW MUCH THAT ACTUALLY HAS BEEN STOLEN, OR HOW MUCH IS, OR WILL END UP BEING SENT TO IRAQ...AND/OR IS IT ALL JUST DFI MONIES?...ONLY ABOUT A COUPLE MONTHS AGO IT WAS ON FOX NEWS, WHERE A STATEMENT CAME ON THE NEWS AGAIN, THAT STATED TO THE EFFECT..."THAT GEORGE BUSH WAS RIGHT AND THE IRAQI WAR WONT COST AMERICA ANYTHING".....ALL OF THIS MAKES ONE SAY...WHAT?....AND WHY WOULD THE U.S. STILL BE SENDING MONEY TO IRAQ IF WE DID'NT THINK THAT WE WOULD BE RE-PAID..IF WE ARE SUPPOSEDLY BROKE OURSELVES?....AND IT'S SAID THAT THE U.S. IS SOMEWHAT PEGGED TO THE DINAR...AND THAT THE DINAR IS PEGGED TO THE DOLLAR...SO WHY, UNLESS THERE IS A PLAN?...DOES ANY DEFICIT REALLY MATTER?...IS THIS GOING TO BE THE POST WORLD WAR II MARSHALL PLAN ALL OVER BUT JUST BIGGER?....BECAUSE IF IT IS'NT, DOES IT REALLY MATTER...AS IT WILL ALL BE OVER AND EVERYTHING CRASHED WORLDWIDE ANYWAY IF NOT, AT LEAST MONETARILY!...DOES ANYONE KNOW OF ANYTHING ELSE THAT WILL BAIL OUT THE WORLD'S ECONOMY?...IF SO, NO ONE HAS STEPPED UP TO THE PLATE AND UTTERED A WORD..OR YET!.....ALL OF THIS IS TRULY INTERESTING INFO!!!....
 
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