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Council of Ministers: the deadline next May immunity Iraqi funds
01/29/2013 - 11:35 AM
Cabinet confirmed, Tuesday, that the end of immunity to the funds in foreign banks will end on 22 May next.
The legal advisor to the Prime Minister Fadel Muhammad in a press statement that "there is a committee formed by the prime minister headed by Deputy Prime Minister Ruz Nuri Shawis and membership of the Ministry of Foreign Affairs and the Ministry of Justice and the Central Bank to follow up Iraqi funds in foreign banks abroad."
He explained that "immunity to Iraqi funds will expire in the middle of the month of May next by the United States of America."
He added that "the amounts found outside Iraq is $ 65 billion of the Central Bank and other private funds the Iraqi government will be retrieved after the lifting of immunity."
And hit Iraq debt 3500 commercial creditor value of $ 2.7 billion as a means of protecting his money of foreign manipulation businesses.
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