Financial Control: Protecting our money in America expires next Bayar

[yota691]

Financial Control: Protecting our money in America expires next Bayar

 

 

Editor Tarek Ammar - Saturday 15 March 2014 11:00

 

 

 

 

President of the Board of Supreme Audit Abdel Basset Turki

 

 

 

Alsumaria News / Baghdad 
announced the Board of Supreme Audit, Saturday, that the protection of Iraqi funds in the United States ends Bayar next, and at the time that indicated that claims to pay the debts of traders and countries does not pose a threat to the country's resources, asserted that Iraq's Office legal adviser for the defense of their rights. said Chief of Staff Abdel Basset Turki said in an interview for "Alsumaria News", that "the protection of Iraq's money in America end in 22 of the next May, but our money outside the U.S. lifted protection two years ago," he said, adding that "the claims to pay the debts of traders and countries does not pose currently a threat to Iraqi resources . " added Turki said that "the big issues the task that was facing Iraq, particularly in relation to the problem of Kuwait Airways has been solved, and therefore, the concern today about the claims is much less than it was before four to five years of issues that could be raised," noting that "Iraq's ability to defend is the best and there are a consulting firm legal advisers of international specialists to defend his rights." and filed in the "Development Fund for Iraq" all Iraq's revenues from oil exports and withdraw the UN from this revenue ratio of 5%, the compensation awarded to Kuwait for the 1991 war with paid and the Ministry of Finance all of Iraq's debt before receiving government overseeing the "Development Fund for Iraq. was the UN Security Council had committed the Iraqi government at the end of 2009 to develop a plan for receiving tasks overseeing the Development Fund for Iraq of 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 will protect Iraq's imports of oil from custody by a lot of creditors, which will end this protection during the month of May of this year. noted that Iraq is seeking to cancel the debts arising during the reign of the former regime of Saddam Hussein , amounting to more than 120 billion dollars, which date back to some compensation because of wars waged by his neighbors and some other countries and traders, with some countries demanding the Iraqi government and the merchants need to pay their dues and are threatening to sue in international courts to fund Iraqi imports.

 

[sandfly]

THANKS

[jeepguy]

  good  day to ya   yota !     I really haven`t seen  to  much on the  other people  trying to get  their money  from Iraq ,   through  such ways  as  law suits,  although  we know  a  bunch  of these were in fact  paid  through  the paris club agreement ,  and  some  debts  were forgiving ,  as  in  paid  only a %  of  what was due,   and at the end of may ,   these protections  will  be open  in the states ,  { looks  like  another reason  the  value of  dinar might not  rise ,  just  guessing }

[yota691]

Turki: lift protection for Iraqi funds in the United States next Bayar

Wrote on: March 15, 2014 In: Economy | Comments: 0

 

 

Detection of Supreme Audit, for the protection of Iraqi funds in the U.S. expires next Bayar, While He claims that merchants pay the debts of states and does not pose a threat to the country's resources, confirmed that Iraq has a legal advisory office for the defense of their rights.

He said the Chief of Staff Abdel Basset Turki said in a statement that the protection of Iraq's money in America end in 22 of the next May, but in our money outside the U.S. lifted protection two years ago.

He added that the Turkish mission of the big issues that were facing Iraq, particularly in relation to the problem of Kuwait Airways has been resolved.

Thus, the concern today about the claims is much less than it was before four to five years of issues that could be raised, noting that Iraq's ability to defend is the best and there are a consulting firm and legal advisers of international specialists to defend their rights.

[yota691]

The announcement of the lifting of U.S. protection of Iraq's money in next May

 

15-03-2014 12:33 PM

 

Free -

Confirmed the Office of Financial Supervision, on Saturday, that Iraq has Office legal adviser for the defense of their rights, noting that claims to pay the debts of traders and countries does not pose a threat to the country's resources, announcing at the same time that the protection of Iraqi funds in the United States ends Bayar next. said Court Chief Abdul Basit Turki in a press statement that 'the protection of Iraq's money in America end in 22 of the next May, but our money outside the U.S. lifted protection two years ago', adding that 'claims to pay the debts of traders and countries does not pose currently a threat to Iraqi resources'. added Turki in his statement to the site Sumerian News that the 'big issues the task that was facing Iraq, particularly in relation to the problem of Kuwait Airways has been solved, and therefore, the concern today about the claims is much less than it was before four to five years of issues that could be raised', noting that 'the ability of Iraq the defense is better and there are a consulting firm legal advisers of international specialists to defend his rights. " and filed in the 'Development Fund for Iraq' all Iraq's revenues from oil exports and withdraw the UN from this revenue ratio of 5%, the compensation awarded to Kuwait for the 1991 war with pay and the Ministry of Finance All of Iraq's debt before the receipt of government supervision on 'Development Fund for Iraq. was the UN Security Council had committed the Iraqi government at the end of 2009 to develop a plan for receiving tasks overseeing the Development Fund for Iraq from the United Nations the end of 2010, of the Iraq after placing it in the locker U.S. federal to ensure immunity by law, the U.S. presidential him and that will protect Iraq's imports of oil from custody by a lot of creditors, which will end this protection during the month of May of this year. noted that Iraq is seeking to cancel the debts arising during the reign of the former regime of Saddam Hussein, amounting to more than 120 billion dollars, which date back to some compensation because of wars with its neighbors and some other countries and traders, with some countries demanding the Iraqi government and the merchants need to pay their dues and are threatening to sue in international courts to fund Iraqi imports.

[skeetdog]

Thanks Yota...Sounds like Iraq needs to get their finances in line. Countries just don't forgive 80% of a debt out of the goodness of their heart. Whatever was agreed upon behind closed doors needs to happen. Iraq has met their obligations so far but now have come to the May 22 protective deadline again that has been extended several times by executive orders. It seems this year countries are tired and fed up with the extension and want as will as need their money that Iraq owes them. The way I see it is Iraq made a promise that if Iraq owed, say US for example 100 IQD  and asked the US to reduce it to 20 IQD with the intension of Iraq RV'ing their IQD in the future to say 1 IQD to 1 USD. The IQD at the time Iraq's debt was confirmed was something like .000???, now Iraq has to meet their projected plan and play these debts with the promised revised value of the dinar. It seems that Iraq is about to be forced into their 'Big Boy' pants with the exception of another extension by executive order, which by this article, Law suits are being prepared to intervene this option. I'm not sure if I'm correct on my assumption of this process but this is how I'm takin' this article in context...if I'm wrong, please somebody 'Help me'....     

[moneysoon]

This is GOOD leverage to ensure things move as planned.

[tommyboy]

That thing about "Development fund for Iraq" ; isn't that the executive order that said we could own Iraqi dinar? If so, we gotta have some discussion 'bout this.

[gregp]

Iraq raises the value. We cash-in. No worries. Thanks Yota.

[yota691]

Iraqi funds

 

 

         

3/16/2014 0:00 

Baghdad, Mustafa al-Hashemi 
said the scholar, Dr. Issam economic Mahouelle that Iraq has the ability to manage and dispose of its assets after the lifting of protection by the U.S. after months. He added in a statement Mahouelle (morning): The management of the funds after the lifting of the protection it has become easy, especially after the Iraq fulfilled all its obligations and snuff out a large part of its debts inherited from the time of the former regime. He pointed out that the claims of the merchants and creditors young companies and others are not dangerous as it was in the past and before extinguishing debt. 
, and hinted that the member states of the Paris Club have had a prominent role in exempting Iraq from the commitments that were owed ​​him as well as the states turn off the entire Amounts owed ​​by the country towards it. was Audit Court announced yesterday that the protection of Iraqi funds in the United States expires in May next, stressing that claims to pay the debts of traders and countries do not pose a threat to the country's resources, where Iraq has advisory office legally to defend their rights. said Chief of Staff Abdel Basset Turki in a press statement that «the protection of Iraq's money in the United States expires in 22 of the next May, but our money outside the United States lifted protection two years ago», adding that «claims to pay the debts of traders and states do not currently make a threat to Iraqi resources». 
added Turki said «the big issues the task that was facing Iraq, particularly in relation to the problem of Kuwait Airways has been solved, and therefore, the concern today about the claims is much less than it was before four to five years of issues that could be raised», indicating that «Iraq's ability the defense is better and there are a consulting firm legal and international consultants specialize in defense of their rights ».

Read more: http://dinarvets.com/forums/index.php?/topic/174121-iraqi-funds/#ixzz2w4pkrvkQ

[DinarThug]

CNN. Broadcasting While Trying To Protect Iraqi Funds With A Wiffle Bat !

 

 

 

Finance: Do not fear the Iraqi funds in the United States

Ahmed Al-Zubaidi
03/16/2014



Expressed specialists in economic affairs Iraqi fears of exposure of Iraqi funds abroad into custody or forfeiture, if it does not improve Iraq's administration this file after the lifting of guardianship U.S. by the end of next May. U.S. President Barack Obama said last year that the protection of U.S. Iraqi funds will end this month next May and that the U.S. administration would not extend the guardianship and on Iraq to solve its financial problems with creditors abroad. calls financial expert Majid picture of Iraq to the defense of his money from some of the views of the private sector, which had financial ties with the former regime, which may resort to the courts competent to get their money , noting that the money Iraq's oil revenues are protected under the laws of filing the Fed's American. while Undersecretary former central bank governor appearance of Mohammed Saleh said that although Iraq was able to reduce its debt to 20% according to the Paris Club agreements, but some creditors were able to access to the provisions of peremptory before this agreement, so to Iraq to pay its debts in full to them, and not 20% of them only, which may make the Iraqi funds at risk. 

For his part, called a member of the parliamentary Finance Committee Haitham al-Jubouri, the Iraqi government the need to negotiate with creditors In order to schedule those debts to facilitate the process of repayment including not affect the status of those funds abroad. so reduced adviser in the Ministry of Finance Hilal Taan of Shan those fears, saying only fear for Iraqi funds abroad after the lifting of the protection the U.S. by pointing out that Iraq able to resolve a lot of financial issues prudent public debt, as well as reducing that debt from $ 120 billion to about 24 billion, especially after resolving the issue of Kuwait Airways and convert the remaining funds to investments and joint ventures between the two parties. indicated that Iraq sought since 2003 to cancel the debts accumulated, amounting to more than 120 billion dollars, mostly paid in compensation to the former regime led wars on the neighboring countries, and some of the other traders and businessmen of the former regime had business relationships with them. 

http://www.iraqhurr.org/content/article/25298849.html


re
Office of Financial Supervision: the protection of Iraqi funds in America end in May next and creditors do not pose a threat

BAGHDAD - A New World
Sunday March 16, 2014



, The protection of Iraqi funds in America next May, with the Office of Financial Supervision denied that constitute claims traders and states Bdjunhm on Iraq as a threat to its resources, confirmed that the office has a legal consultant for the defense of their rights.

Said Abdul Basit Turki, the Chief of Staff, for "Alsumaria News", "The protection of Iraqi funds in America end in 22 of the next May, but the money raised in America outside the protection two years ago." He pointed out that "the payment of debt claims traders and states do not currently pose a threat to the resources of Iraq."

The Turkish that "the big issues the task was facing Iraq, particularly in relation to the problem of KAC was solved, and therefore, the concern today about the claims is much less than it was before four to five years of issues that could be raised," noting that "the ability of Iraq's defense is the best and there is a legal advisory office and international consultants specialize in defense of their rights. "

http://al-aalem.com/5440-%D8%AF%D9%8A%D9%88%D8%A7%D9%86%20%D8%A7%D9%84%D8%B1%D9%82%D8%A7%D8%A8%D8%A9%20%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9:%20%D8%AD%D9%85%D8%A

[moneysoon]

Thanks Thugaroni,

There is nothing to fear but fear itself. The money is safe right where it is.

[GGGECKO]

Thanks Yota for the post.....

[Off-the-grid]

Too bad all those debts didn't just die with Saddam.  A good thing they have a massive legal team on this, because what a way to perpetrate a HUGE fraud.  You know organizations, even countries, are trying.

 

Peace, Prosperity, and keeping funds to allow a bigger RV!