Home
A former official at the bank: Iraq's creditors some of their money to special sold «hunters fortunes»
20/05/2014
A former official at the bank: Iraq's creditors some of their money to special sold «hunters fortunes»
Baghdad Muhammad Zuhairi .. The Deputy Governor of the Central Bank of the past that do not worries about the fate of Iraqi funds deposited in the bank and the U.S. Federal Iraq allocated 21 billion dollars to pay private creditors, but he does not know how many.
Pointing to some creditors have sold their money into "hunters wealth," while the abstention in the parliamentary finance committee for the modern in this matter because it is "confusing" monetary policy in the country, according to his belief.
And established the Development Fund for Iraq (DFI) of the U.S. Federal Bank under UN Security Council Resolution No. 1483, for the protection of Iraqi funds from international claims or seized after 2003.
Deputy says former central bank governor, the appearance of Mohammed Saleh, said in an interview with "the world" that the reason for protection mode on the funds deposited in the United States is to protect them from the "complaints trade creditors."
He adds that the benefit of "debt imposed on Iraq has been settled in the Paris Convention," stressing "extinguish the debt of the private sector being a small debt does not exceed 35 million dollars."
He explains that "the settlement took place at approximately 21 billion dollars of the debt of the private sector in 2006, in addition to the issuance of bonds to pay 2028 Iraqi interest rate of 8.5 percent in trading today's global marketplace."
He says that "in the fifteenth of December of 2010, filed for guardianship of Iraqi funds, including the tutelage of the International Committee of control and verification, which resulted in the protection of the United States to raise funds for Iraq."
He continues that "Iraq's money in the Fed reserved in the Development Fund for Iraq in the U.S. Federal Bank."
He stressed that these funds "managed by the Central Bank of Iraq."
He also points out that there are in favor of the protection of Iraqi funds accompaniment, is "the protection of the Presidential Order issued pursuant to the U.S. under the emergency law and the U.S. as the U.S. occupied Iraq, so it requires them to protect his money."
He says that "this protection renewed three times during the past years, ending on 22 of this month," pointing out that this protection was at the request of the Iraqi government, "because she was wary of some trade creditors, who are working in the foreign private sector."
And expresses its appearance in favor of the belief that "the government will not renew the request protection in the current year."
He also points out that "despite the fact that Iraq was allocated 21 billion dollars to pay off creditors [special], but it does not know how many."
He continues, "Some creditors have obtained court rulings," while others sold its assets to the "wealth hunters", people who purchase the debt at 10 percent of its value and keeps calling him forever.
He and former deputy governor of the Iraqi Central Bank believed "the absence of an Iraqi amounts worth Reservation, although there are a few do not affect the movement of money and streamline converted to Iraq."
And asserts that "all funds belonging to Iraq found at the Federal Reserve in New York."
He said that the Fed operates according to the "central coupon is open to the CBI."
Does not see the benefit of any reason to fear "from these actions," because, he explains, "is engaged within the self-protection."
Although Saleh says that "this does not prevent the exposure of funds business here or there into custody," but he emphasizes that this is "not threaten the interests of Iraq."
He concludes, deputy governor of the Central Bank of the previous speech by saying that "there is a group belonging to the Iraqi Ministry of Justice is working in coordination with a group of international lawyers to protect the interests of Iraq," describing this group as "professional," and that it "is keen on the interests of Iraq."
But MP Abdul Hussein al-Yasiri, a member of the parliamentary finance committee, refused to talk about the Iraqi funds deposited in New York and procedures protection, because he sees that "the statement leaves significant impact would confuse the reality of monetary policy in the country," as he put it, though, that putting money deposited in the account Enyork Iraq have nothing to do with "fiscal policy" in Iraq.
Agree Controller, Ahmad Acoli, with the appearance of favor in that "the funds in U.S. banks do not need to protect," because he sees "far from danger."
Acoli said "the world" that "the Iraqi accounts in the U.S. Federal Reserve, consisted of Iraqi oil revenue, and the accounts of the central bank."
He added that "the debt of governments on Iraq, represented by members of the Paris Club," and that "the protection that were imposed on Iraq in the past, funds have been the decision of the U.S." because it was in danger.
The Minister of Finance Agency, purity of net debt, announced last month that the Iraqi government is seeking to settle the full debt owed them by the Paris Club agreement.
He added that the net debt to Iraq ended three and forty countries while negotiations are under way to repay the debt to the rest of the eight countries only. Finished / 3
[You must be registered and logged in to see this link.]
20/05/2014
A former official at the bank: Iraq's creditors some of their money to special sold «hunters fortunes»
Baghdad Muhammad Zuhairi .. The Deputy Governor of the Central Bank of the past that do not worries about the fate of Iraqi funds deposited in the bank and the U.S. Federal Iraq allocated 21 billion dollars to pay private creditors, but he does not know how many.
Pointing to some creditors have sold their money into "hunters wealth," while the abstention in the parliamentary finance committee for the modern in this matter because it is "confusing" monetary policy in the country, according to his belief.
And established the Development Fund for Iraq (DFI) of the U.S. Federal Bank under UN Security Council Resolution No. 1483, for the protection of Iraqi funds from international claims or seized after 2003.
Deputy says former central bank governor, the appearance of Mohammed Saleh, said in an interview with "the world" that the reason for protection mode on the funds deposited in the United States is to protect them from the "complaints trade creditors."
He adds that the benefit of "debt imposed on Iraq has been settled in the Paris Convention," stressing "extinguish the debt of the private sector being a small debt does not exceed 35 million dollars."
He explains that "the settlement took place at approximately 21 billion dollars of the debt of the private sector in 2006, in addition to the issuance of bonds to pay 2028 Iraqi interest rate of 8.5 percent in trading today's global marketplace."
He says that "in the fifteenth of December of 2010, filed for guardianship of Iraqi funds, including the tutelage of the International Committee of control and verification, which resulted in the protection of the United States to raise funds for Iraq."
He continues that "Iraq's money in the Fed reserved in the Development Fund for Iraq in the U.S. Federal Bank."
He stressed that these funds "managed by the Central Bank of Iraq."
He also points out that there are in favor of the protection of Iraqi funds accompaniment, is "the protection of the Presidential Order issued pursuant to the U.S. under the emergency law and the U.S. as the U.S. occupied Iraq, so it requires them to protect his money."
He says that "this protection renewed three times during the past years, ending on 22 of this month," pointing out that this protection was at the request of the Iraqi government, "because she was wary of some trade creditors, who are working in the foreign private sector."
And expresses its appearance in favor of the belief that "the government will not renew the request protection in the current year."
He also points out that "despite the fact that Iraq was allocated 21 billion dollars to pay off creditors [special], but it does not know how many."
He continues, "Some creditors have obtained court rulings," while others sold its assets to the "wealth hunters", people who purchase the debt at 10 percent of its value and keeps calling him forever.
He and former deputy governor of the Iraqi Central Bank believed "the absence of an Iraqi amounts worth Reservation, although there are a few do not affect the movement of money and streamline converted to Iraq."
And asserts that "all funds belonging to Iraq found at the Federal Reserve in New York."
He said that the Fed operates according to the "central coupon is open to the CBI."
Does not see the benefit of any reason to fear "from these actions," because, he explains, "is engaged within the self-protection."
Although Saleh says that "this does not prevent the exposure of funds business here or there into custody," but he emphasizes that this is "not threaten the interests of Iraq."
He concludes, deputy governor of the Central Bank of the previous speech by saying that "there is a group belonging to the Iraqi Ministry of Justice is working in coordination with a group of international lawyers to protect the interests of Iraq," describing this group as "professional," and that it "is keen on the interests of Iraq."
But MP Abdul Hussein al-Yasiri, a member of the parliamentary finance committee, refused to talk about the Iraqi funds deposited in New York and procedures protection, because he sees that "the statement leaves significant impact would confuse the reality of monetary policy in the country," as he put it, though, that putting money deposited in the account Enyork Iraq have nothing to do with "fiscal policy" in Iraq.
Agree Controller, Ahmad Acoli, with the appearance of favor in that "the funds in U.S. banks do not need to protect," because he sees "far from danger."
Acoli said "the world" that "the Iraqi accounts in the U.S. Federal Reserve, consisted of Iraqi oil revenue, and the accounts of the central bank."
He added that "the debt of governments on Iraq, represented by members of the Paris Club," and that "the protection that were imposed on Iraq in the past, funds have been the decision of the U.S." because it was in danger.
The Minister of Finance Agency, purity of net debt, announced last month that the Iraqi government is seeking to settle the full debt owed them by the Paris Club agreement.
He added that the net debt to Iraq ended three and forty countries while negotiations are under way to repay the debt to the rest of the eight countries only. Finished / 3
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
» Judge Backtracks on Ruling That Blocked Part of Gov. DeSantis’s Illegal Immigration Law
» Tattoos May Increase Risk of Lymphoma by 21 Percent, Study Finds
» MM&C utube 5/25/24 Iraq Dinar-IQD Enhanced Value to Currency- Gold-Reserves-2024 Budget-HoR Vote-WT
» utube 5/27/24 MM&C Iraq Dinar - IQD - USD - Exchange Rate Change Inevitable - CBI Launch National
» Serious repercussions.. Al-Maliki warns against the policy of arm-twisting by choosing the Speaker o
» Al-Hawi demands the formation of a fact-finding committee on “oil contracts”
» Hard currency declines in Baghdad... 144,800 dinars for every 100 dollars
» More than $283 million in Iraqi Central Bank currency auction sales
» The Supreme Committee for Implementing Resolution 320 regarding ownership of agricultural lands begi
» The Director General of Ports announces the completion of casting work on the five berths within the
» Trade exchange between Iraq and China exceeds 50 billion dollars
» Parliamentary Finance: Employee salaries and appointments are secured in the 2024 budget
» The development road project and the energy sector are on the table of the Finance Committee and the
» “Adulterated” international brands.. One of the largest commercial fraud factories was seized in Bas
» {Al-Furat News} publishes the international monetary report on Iraq and praises its financial reform
» Parliamentary Finance: Employee salaries and appointments are secured in the 2024 budget
» Frame: Demands to change the bylaws of Parliament contradict the decisions of the Federal Court
» A parliamentary vote to postpone the presidential election session until after Eid al-Adha
» Barzani ambitions knock on the northern gate of the road to development
» Al-Sudani confirms his support for sports: a fundamental axis in Iraq’s image before the world
» Independent representatives set conditions for voting on the Speaker of Parliament
» A parliamentary request from the Sudanese regarding the disbursement of 100,000 Eid money to retiree
» MP calls for forming a fact-finding committee on “oil contracts”
» Parliamentary Finance reveals the most prominent developments in the budget schedules
» "Epicor" calls for holding a tripartite meeting with Baghdad and Erbil to resume Kurdistan's oil exp
» International praise for the efforts of the Iraqi Central Bank: controlling inflation and strengthen
» It produces 23 million tons of waste daily. Iraq is on the list of the most polluted countries
» “Great news.” The US ambassador praises Iraq’s ratification of the electronic payment system
» Bringing life back to hundreds of stalled projects
» Initiating the formation of the “National Youth Team for Climate Change”
» Transportation: Development Road trains will reach Europe in one day
» Pressure prevents the organization of the work of private generators in Nineveh
» Al-Muthanna: The governorate’s allocations are small compared to its projects
» An Iraqi-Russian agreement on cooperation in the judicial field
» Parliamentary services demand that the laws be returned to them
» Securing the border with Saudi Arabia
» Developing new river taxi stations and routes
» Parliament hosts the Ministers of Finance and Planning
» The Iraqi currency auction records a 90% increase in foreign remittances
» House rents jump to a record level in Baghdad
» Investment and its development impact
» Specialists identify a number of factors to end sanctions on Iraqi banks
» The National Union on the Kurdistan salaries crisis: Nationalization will end the crisis
» The framework meets with Sudanese today to discuss the 2024 budget
» Oil prices begin today's trading stable, awaiting inflation data and the OPEC+ meeting
» The dollar is moving down in the Iraqi market for the second day in a row
» Dollar prices decline as markets await important inflation data
» The Minister of Labor directs the transfer of the allocations of 37,000 protection beneficiaries to
» The Minister of Planning discusses with a World Bank delegation support for the stages of the Develo
» Planning clarifies the mechanism for including nomads in the population census
» It revealed plans to implement the national taxi and electronic meter projects... Transport to Al-Za
» He directed to expedite the completion of the registration of employees’ data in the Kurdistan Regio
» Head of the Kurdistan Regional Government’s representation in Baghdad, visits the General Authority
» Ministry of Planning: The governorates have 5.8 trillion dinars remaining from the Food Security Law
» The framework falls into the trap of the tripartite budget: We will not vote on the 2024 schedules b
» Iraq strengthens its air capabilities with Chinese combat drones
» Economist on congestion relief projects: Alternative methods are the solution
» Industry boom in Kurdistan... self-sufficiency, ending unemployment, and a plan to cancel importers
» After Iraq's rejection, the Arab Parliamentary Union removes the principle of the "two-state solutio
» The budget enters the circle of complexity and there is a possibility that it will be returned to th
» Parliamentary services reveal the fate of the “Slum Law”
» Stories of the Americans killed in Iraq fill American newspapers with collective remembrance... What
» “People cannot stand each other.” Scientists are “concerned” about the rise in the “Gini index” in I
» A foreign oil company expels one of its employees for insulting Iraqi figures
» Iraq's objection to (the principle of the two-state solution) is supported by the Arabs
» In the middle of them is Zidane... 3 judges who are credited with removing Iraq's name from a notori
» Al-Muthanna complains to Parliament about the lack of allocations in the federal budget
» Al-Sadr: I repeat my demand to expel the American “fool” from Iraq and close the embassy
» Al-Sudani directs the completion of the localization of the salaries of the region’s employees
» utube 5/27/24 BRICS Financial Forum Today: Is BRICS Currency?
» Mr. Al-Hakim: The importance of implementing the agreements with Türkiye according to specific work
» Head of Al-Karkh Appeal: Recovering hundreds of billions of corruption money, most of which was for
» Sudanese advisor: Oil prices are still higher than their budget estimates and we are trying to keep
» {Al-Furat News} publishes the international monetary report on Iraq and praises its financial reform
» Anbar Alliance: Al-Halbousi’s party still controls the governorate’s capabilities
» Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate
» Representatives’ objections embarrass the government. Will the budget be passed or re-included?
» 5 Kurdish parties call for the UNAMI mission to remain in Iraq
» Iraq is ranked eighth in the Arab world in the crime index for the year 2024
» The Iraqi currency auction records a 90% increase in foreign remittances
» The Iraqi Central Bank sells more than $275 million during today's auction
» The “ambiguity” of the budget worries Parliament’s finances and there are assurances that amendments
» Iraq is turning to digital banks.. What does it offer to the banking sector?
» International praise for the efforts of the Iraqi Central Bank: controlling inflation and strengthen
» A government advisor reveals a plan to reduce the budget deficit
» The Housing Fund denies its connection to any office or association that promotes borrowing transact
» The President of the Republic assures the Chinese Ambassador of his keenness to strengthen bilateral
» Iraq and Russia sign a memorandum of cooperation in the judicial field
» The International Monetary Fund praises the Iraqi government's monetary policy measures
» Unpleasant" news regarding salaries and appointments in Iraq
» The region deposits more than 85 billion in the account of the Federal Ministry of Finance
» Parliamentary Legal: There are notes on the budget tables
» Petroleum products: Citizens are increasingly interested in purchasing a vehicle gas system
» The President of the Republic receives the Chinese ambassador to Iraq
» Carrying a picture of Zaha Hadid.. The Central Bank clarifies the truth about issuing the “100” thou
» A foreigner accused of forging entry visas for foreign workers was arrested in Baghdad
» Parliamentary Committee: Ambiguity in the budget schedules and a need for government clarification
» A bloated public sector and a depleted budget... the consequences of arbitrary employment policies