Iraq asks the U.S. not to "protect its assets"

[yota691]

Iraq asks the U.S. not to "protect its assets"

 

May 18, 2014 10:20   Last Updated: May 18, 2014 10:20

 

 

 

The Ministry of Finance, they will not ask to renew American protection to Iraqi funds deposited in their banks, to assume the CBI responsible for management after coming out of Chapter VII of the Charter of the United Nations, while the central bank that it fulfilled its obligations to the vast majority of creditors, and that the remaining of them "do not constitute a source of concern," objected to the parliamentary finance committee, it blamed the government and the central bank responsible for "any loss of those funds." according to the newspaper term , said Deputy Finance Minister Fadhil Nabi, in an interview to the (long-Presse), said that "Iraq has asked From the administration three times before to protect his money deposited in their banks, "noting that" the first of these applications was for the period from 2011 to 2012, and the second for the years 2012 to 2013, and the third for the years 2013-2014. "explained Deputy Minister of Finance, that this" decision came for various reasons, most notably that of Iraqi funds in U.S. banks are safe and do not fear it because its ownership is the Central Bank of Iraq, according to the law and the U.S. judiciary, "pointing out that any money back to the central banks, which are independent bodies concerned with the organization of the economy of their countries and developed, under the protection of U.S. banks . " said the prophet, that "The other reason for the non-renewal of such protection, due to the pressure of large suffered by the U.S. government by public opinion and the political center, and some members of Congress, to increase protection for those funds because they are embarrassed for their country." For his part, the Iraqi Central Bank, Iraq's ability to protect those funds, especially since he plans in advance for how to manage them and defend them under the regulations and international conventions. said the former deputy governor of the central bank, the appearance of Mohammed Saleh, said in an interview to the (long-Presse), said that "Iraq has met its obligations to creditors, who appeared a year later 2003, whether they are governments or traders or businessmen, according to the Paris Club agreement, the judge, pay 20 percent of the amounts owed ​​by him in the form of payments for waiver of those actors about 80 percent, or 10 percent cash payment in exchange for ceding 90 percent. " But the Finance Committee Parliament, objected to the decision of the Iraqi government and the Central Bank, on the non-renewal request American protection to Iraqi funds, laden with both sides responsible for "any loss of those funds." said a member of the Committee, Najiba Najib, in an interview to the (long-Presse), said that there is "probable emergence creditors new Iraq, despite government assurances and Bey central termination of financial obligations on Iraq, "she asked," What guarantees do not receive state credit or traders demanding Iraq pay more debt, with false documents or real. "On the other hand, warned the financial expert, Hamid al-Bayati, of the consequences of "the loss of Iraqi funds due to enable creditors to seize it." Bayati said, in an interview to the (long-Presse), if there are "indications explicit government intervention around traveled policies of the central bank, and make it a follower her," returned that "it topples independently Central Bank " 

[sandfly]

THANKS NOW LETS RV

[yota691]

Warns U.S. not to renew the protection of Iraqi funds

05/18/2014

 

 

 BAGHDAD / JD / .. Committee warned the economy and investment representative, the vulnerability of Iraqi funds deposited in foreign banks at risk in the event of non-renewal by the U.S. protection.

He said the decision of the Committee of Economy Mahma Khalil told / JD /: "The Iraqi government do not intend to claim for the United States to renew the protection and immunity to Iraqi funds abroad, but this will that money at risk, the fact that Iraq is still under Chapter VI and private debt, noting that There are countries and companies are still demanding Iraq entitlement financial result for the financial policy of the former regime. "

He said: "Iraq has agreements concluded with the United States to ensure America's protection of Iraq attacks internal and external, and that means the United States commitment to those pledges to protect Iraqi funds deposited in foreign banks until the exit from Iraq all the items of the UN imposed on it."

He added that the Iraqi government claim to negotiate with countries that Iraq is demanding compensation for the overthrow of that debt or installments to avoid any risk to the Iraqi funds and sovereign Iraq.

 

The Iraqi Ministry of Finance announced the intention of the Iraqi government not to claim the United States to protect Iraqi funds deposited in foreign banks, the fact that Iraq has met most of the debt to reimburse states and companies that demanding. / Finished / 8 /

[dinar_millions]

RI to $3.86 or better..Let's go!!

[calkid11]

Thank you

[WheresmyRV?]

May 22nd is just a few days away. 

[uncirculd]

I hope it is lost to the citizens and the GOI gets nothing.  don't work that way, but it would be nice.

[Zebra0101]

22nd is thursday and we all know what thursday is!

Man Love thursday of course,  It is going down!  Man Love or the RI, you take a pick...

I hope it is lost to the citizens and the GOI gets nothing.  don't work that way, but it would be nice.

Edited May 18, 2014 by Zebra0101

[Elixirbaby]

I had always thought the protection of the money was for protection against outside sources. I now think it was protection from the GOI so they didn't take it and waist it or steal it. Maybe now they think they have a more stable GOI and handle it themselves. 

[RAGARCIA62]

We shall see

[dinar_millions]

Thursday will be "Interesting " to say the least..

[sportfisher]