k98nights Posted September 20, 2011 Report Share Posted September 20, 2011 Algeria cancels Iraq's debts estimated at 401 million dollars The date of publishing 20/09/2011 07:55 AM Baghdad – بابنيوز: A Iraq's ambassador in Algeria good Uday, the Algerian government officially informed the Iraqi counterpart to write off all Iraq's debts estimated at more than $400 million. Good said, in a statement to the newspaper "the news" that he had received an official correspondent from the Algerian government to inform him survey all of Iraq's debt to Algeria, which has been more than $400 million, representing the amounts owed and implications of fines as well as the delay in payments. Good God, he said that the embassy had before Algeria should make the necessary arrangements to survey these debts in full, especially since Algeria had been earlier said the survey, but the amounts owed only without calculating interest and fines of non-payment, " However, بمراسلة, informed *** survey all of Iraq's debt to Algeria." Iraqi debts is to Algeria in more than $142 million in accounts and other outstanding, and more than $167 million in accrued interest and unpaid, and more than $91 million in fines the delay in payments, which raise the value of full debt of more than 401 million dollars. Ambassador regrets reluctant a number of Arab countries on the Iraqi debt cancellation to it, at the same time, several Western countries to write off this debt, confirming that Iraq has, all countries with which it has debt with a view to removing them. http://www.babnews.com/inp/view.asp?ID=45017 1 Link to comment Share on other sites More sharing options...
fai3ul Posted September 20, 2011 Report Share Posted September 20, 2011 Wow.... Thats a lot... something weird happen.. 2 Link to comment Share on other sites More sharing options...
In Iraq Posted September 20, 2011 Report Share Posted September 20, 2011 Unbelievable. Another free hand out. No one holds Iraq accountable. 1 Link to comment Share on other sites More sharing options...
chevysmemaw Posted September 20, 2011 Report Share Posted September 20, 2011 No One ever Pays us Back....I think it's time to start Collecting ! Link to comment Share on other sites More sharing options...
crnamiss Posted September 20, 2011 Report Share Posted September 20, 2011 Well I am glad Algeria is so wealthy! Maybe we should borrow money from them also! Link to comment Share on other sites More sharing options...
4aprofit Posted September 20, 2011 Report Share Posted September 20, 2011 Pretty much any country that has had any debts owing from Iraq has cancelled them, IMO...they all know that whatever all that Iraq possesses, that they could possibly utilize, as per their own country's needs...so do you know what this means...if they don't want the money, and they even now know that Iraq could be able to more easily now or in the possibly near future, be able to pay these outstanding issues, especially after watching them pay Kuwait billions, and then seeing the huge infrastructure rise up there in Iraq...that they simply want some of the pie, like everyone else is there for...making this country of Iraq so powerful and rich...from their oil, natural gas, sulphur, phosphates, etc., etc., etc... 1 Link to comment Share on other sites More sharing options...
thatoneguy Posted September 20, 2011 Report Share Posted September 20, 2011 Unbelievable. Another free hand out. No one holds Iraq accountable. I believe it's not the accountability factor, it's more akin to the "new kid in town" with the cool "things" that everyone wants to buddy up to so they can be a part of those cool things. You know- new kid/cool things... Iraq/OIL. Anyway. When you have the oil, you tend to make friends quick. Link to comment Share on other sites More sharing options...
FrankenSLI Posted September 20, 2011 Report Share Posted September 20, 2011 I am sure there is some sort of catch to this "forgiveness" of debt. Discount oil, and extra wife, maybe free camel rides whenever visiting Iraq. Link to comment Share on other sites More sharing options...
Amber Williams Posted September 20, 2011 Report Share Posted September 20, 2011 I am sure there is some sort of catch to this "forgiveness" of debt. Discount oil, and extra wife, maybe free camel rides whenever visiting Iraq. lol. i bet its all about the oil.... Link to comment Share on other sites More sharing options...
FlintNPebbles Posted September 20, 2011 Report Share Posted September 20, 2011 Nothing is done for free...there is a catch somewhere and it's more than likely the oil...after all what else does Iraq really have at this point. Link to comment Share on other sites More sharing options...
Babs47 Posted September 20, 2011 Report Share Posted September 20, 2011 I believe this bodes well for us dinarians, because Iraq won't have protection for their DFI funds unless they pay off all debts...and this is one big one they won't have to pay back. They're paying attention to some deadline and getting some important ducks in a row. Link to comment Share on other sites More sharing options...
OregonHopeful Posted September 20, 2011 Report Share Posted September 20, 2011 This also helps them get released from UN Chapter 7!!!! :D Link to comment Share on other sites More sharing options...
Carrello Posted September 20, 2011 Report Share Posted September 20, 2011 Nothing is done for free...there is a catch somewhere and it's more than likely the oil...after all what else does Iraq really have at this point. Sand? This also helps them get released from UN Chapter 7!!!! :D All righty then. I'm in. Link to comment Share on other sites More sharing options...
sillyseaserpent Posted September 20, 2011 Report Share Posted September 20, 2011 Looking to future paybacks I'm sure. When Iraq is going strong, repay will come in other forms that will exceed the debt. They know what they're doing. Now, if they'll just get on with it so we can get out of it. ($) Go RV! Link to comment Share on other sites More sharing options...
Dinarabot Posted September 20, 2011 Report Share Posted September 20, 2011 I wish my mortgage broker would forgive my debts... Link to comment Share on other sites More sharing options...
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