Cabinet approves committee recommendations to develop Iraq’s DFI exit strategy to protect funds

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Cabinet approves committee recommendations to develop Iraq’s DFI exit strategy to protect fundsPosted: February 1, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics

Tags: Central Bank of Iraq, Council of Representatives of Iraq, Iraq, Ministry of Foreign Affairs, Public works, South Korea, United Nations Security Council, United States Currency Newshound Commentary: It would appear the CBI will submit a report regarding the DFI funds sometime prior to May 1, 2011. As on this date a meeting will take place which will discuss Iraq’s exit DFI plan which is scheduled in June 2011.

Cabinet approves the recommendations of the Special Committee to develop a mechanism to ensure the protection of Iraq’s money

Council of Ministers approved in its meeting held on Tuesday all the recommendations of the committee formed under the Council of Ministers Resolution No. (25) for the year / 2010 for setting up a mechanism to ensure the protection of Iraq’s money.

He said government spokesman and Minister of State Ali al-Dabbagh said the recommendations includedL

Demand of the Iraqi Council of Representatives approved the settlement agreement concluded with the United States of America regarding the amount of compensation (400) million U.S. dollars (four hundred million U.S. dollars).

Demand from the Iraqi Foreign Ministry follow-up to the issuance of the Presidential Executive for the protection of Iraq’s money in the United States of America.

A committee from the Ministries of Finance, Foreign Affairs, Office of Financial Supervision and the Central Bank of Iraq to prepare the report of the Government of Iraq, which will be submitted to the UN Security Council in 05.01.2011.

The Central Bank of Iraq immediately the process of opening accounts in other banks and money transfer account for the Development Fund of Iraq (DFI) before 05/01/2011.

Agreement on the mechanism of specific and transparent, which is deducting a percentage of compensation of $ (5%).

He also received the required approval of the exceptions in the memorandum of Audit Department of Interior / General Secretariat of the Council of Ministers for the implementation of business architecture for building

Dabbagh said the approval of the Council on the recommendations of the meeting to address the shortfall of the subjects of rice and wheat, mainly in addition to the subjects of baby milk, sugar and fat, which would facilitate the acceleration secure the ration card items contained in the memorandum by the Department of Internal Oversight 89 30/1/2011, giving the Ministry the power Buy direct from the origin and formation of a central committee to negotiate, where necessary, to the said Articles.

He also decided to ratify the recommendations contained in the report accompanying the book herewith advisory board of a number (T / 715) of 01.12.2010 on the subject of research and development system in science, technology and innovation, taking into consideration the opinion of the Legal Committee at the General Secretariat of the Council of Ministers

And got approval to amend the Council of Ministers Resolution No. (1) for the year April 2011 and as follows: ownership of the villa numbered (W-5) located in the (complex Tigris diplomat) inside the Green Zone to (Embassy of the Republic of South Korea in Baghdad) compared to the commitment of the Korean government to achieve the following :

Ownership of a piece of land to the Republic of Iraq in a convenient location in the South Korean capital (Seoul); for the purpose of building the Embassy of the Republic of Iraq rather than the object previously allocated to them

ب1987 Waiver of the South Korean government for her piece of land formerly the Kingdom under the Convention concluded between the two countries for the year / 1987

Enter the Republic of Iraq within the list of countries covered by the tax exemption

Second: the formation of a technical committee comprising representatives of the two countries for the purpose of valuation price drugs referred to in item (1) and subparagraph (a) above to be paid in the party that has achieved an increase in price to the other party the difference between the two rates

Third: The (Ministry of Finance / Department of Real Estate State) organization tracing shows the limits of the object built by the building referred to in (i) above

And Ali al-Dabbagh said the cabinet agreed to authorize the Minister of Finance to sign an agreement between the restructuring of indebtedness (the Republic of Iraq) and (AMF), including extension of the provisions of the proposed amendment on the basis of the provisions of Article (80 / item VI) of the Constitution.

That the Ministry of Foreign Affairs to prepare a document authorization required on behalf of the Government of the Republic of Iraq to the Minister of Finance in accordance with the approved contexts.

The Council also approved an exception to vehicles modified to be imported for the benefit of the Committee pare Olympic Iraqi national (and number (71) vehicle variety) from the provisions of Council of Ministers Resolution No. (215) for the year 2009 and dispensing with the requirement of punctuation in a car consuming when you register a new car.

He also decided to approve an exception to vehicles donated by the U.S. Company (the future generation) to the Ministry of Municipalities and Public Works and contained specifications Collapse book ministry listed a number of (m series 16 039), dated 11/08/2010 of the provisions of Council of Ministers Resolution No. (215) for the year 2009 and dispensing with the requirement of punctuation in a carconsuming when you register a new car.

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Countless blessings and endless peace to ALL....GO RV!

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THX FOR POSTING THIS. GEO