Iraqi funds

[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 ».

 

[jeepguy]

hello  yota   ,   from the  looks of this post  they have had 4 years  to get  the  legal  representation  to  get up to speed on how  to handle any up coming  legal deals that  might arise  ,  around the time  the funds go  to unprotected  status ..... and  the  same  time line is when the elections are about to hit ......  wonder if there might be  something  tied  together  here ?

[skeetdog]

Thanks Yota...This sounds like the plan that was devised is coming together...I think Iraq is on the down hill side of gettin' even with Kuwait on their airport deal. This article indicates that Iraq is looking forward to having their asset protection lifted and managing their own funds. I'm taking this as their ready to stand on their own feet and manage their own currency...I could have wishful thoughts in my ol' age...

[calkid11]

Good post YOTA, thank you

[siberian_shaddow]

Thanx Yota, it really is looking like there getting ready to be able to do things on there own. Like a baby infant to a toddler crawling to being able to walk on they own. Go Iraq, Go Budget, Go HCL, Go Rv

[sandfly]

THANKS