Iraqi economist Mohammad Saleh appearance of time live market breakdown and impasse of 2014 is not v

Iraqi economist Mohammad Saleh appearance of time live market breakdown and impasse of 2014 is not valid for Exchange

July 29, 2013




Interviewed by khodayyir Abbas Abdul Jabbar

Back talk these days of the deletion of three zeros from the Iraqi currency against the backdrop of Iraq out of Chapter VII sanctions as achieves positive goals, and contribute to the reform of the management system, and strengthen the confidence of citizens in the national currency at the expense of the dollar and the other effects of the subject project opponents have doubts on the timing and implications and forgeries and attendant corruption and money laundering. On 17 may 2013 President Barack Obama to extend protection to the Development Fund for Iraq to continue for an additional year until mid-2014, this is already a decision Iraq out of Chapter VII sanctions for more than a month, the question what is the Iraq Development Fund money? Does the UN resolution 1483 remains valid under which established the Development Fund for Iraq, which indicates that the Fund be used for the benefit of Iraq, but did not indicate that it belonged to him? Does this still valid resolutions after Iraq from Chapter VII sanctions. There are requests to lawmakers on the background of the increase in Iraq of foreign currency reserves which stood at 76 billion dollars as well as 30 tonnes of gold bullion reserve investment. These questions and others interviewed some time known Economist Dr. Mohammad Saleh appearance and follows the Development Fund for Iraq as it is currently a quality economic necessity and what does this have to do with the renewal of protection by u.s. President Obama?

Let's start from the fact that Iraq under resolution 687 of 1991 had all the costs of the war to invade Kuwait, and its result, and thus carry historic responsibility for this Iraq war, part of the arrangement, while Iraq signed a memorandum of understanding of the oil-for-food and drug administration in 1996 with Kofi Annan and this program aims at two things: first, to alleviate the suffering of partial and provide food and, more important, the aim of the oil revenue, go to fund 30 covers that The payment of compensation to Kuwait plus 4 pay the costs of the inspection teams, and for the success of this program, the mechanism by which open account in the name of UN Secretary-General Kofi Annan, French Bank in New York, Kofi Annan, is to pay, and supervised by, a stirring account.

Iraq exports oil and oil revenues are deposited in this Bank and the Secretary-General, Iraq begins with the opening credits for the purchase of food, medicine and materials allowed and prohibited masks, for example as to prevent import of pencils. Companies and demanding Iraq confirms receipt of the material and the Secretary General directs the corporate payments processed through appropriations. All these funds under the control of the Secretary-General not to Iraq the right to dispose of the AED. The former regime put him opposite the after-sales services, companies must take into account open at a Lebanese banks $ 10 of the contract amount, interest amount oversized here began financial and administrative corruption as emerging, for example, tons of buckwheat b $ 350 inflated for up to $ 600 according to the mechanism of corruption and economic book price $ 30 to $ 300 for the Iraq accountThe Ministry of higher education. Deposited 10 companies account for Iraq under fictitious names, and then start the embassies in Beirut and Damascus, Iraq and Oman collects these funds cash and send them to the Central Bank of Iraq, so the system could collect more than $ 2 billion. In an account registered as presidential, after the change in 2003 issued meise resolution 1483 several closed oil-for-food programme. So it has to be a new mechanism is more flexible than the previous mechanism was established for the account of the Central Bank of Iraq at the Federal Reserve Bank rather than a French Bank in this Bank all imports of oil, gas and petroleum products, and any other frozen funds are released, deposited in this Bank, but keep oil revenues is essential in this Bank, and will be subject to this account as follows Iraq Government ActObjects through the guidance comes from the Central Bank and the Prime Minister, at first it was Bremer's Coalition Provisional Authority Chief and Finance Minister and then the Prime solution which gave Cabinet Secretary instead and Finance Minister in the Iraqi Government, coming as paper payments, any payment order includes a convert to Iraqi bank, for example, to create the Iraqi dinar, dinar issued this way and built its reserves or convert to that. PHP. Any T.B.I TBI founded the Bank to finance imports by the Government, for example, to pay the Department of Commerce or health needs.Money in the Bank is a subsidiary of the Ministry of finance, managed by the Central Bank of Iraq on behalf of the Ministry of finance. Now the mechanism easier for us but what changed? The decision in 2004 to establish a State Council to control and check this Board that Iraqi oil is sold to international standards, and is not sold at the price too high and low. In terms of price and marketing. In order to ensure proper position of funds within the Iraq account, and the funds drawn by the Iraqi Government are for the benefit of the Iraqi people. This Council consists of a representative of the United Nations and a representative of the Arabic League and said Iraqi finance representative to the Iraqi Government wanted to create a mimic of the Shura Council called the Committee of financial experts, chaired by the President of the Committee of Kofi Office of financial supervision and accompanied by three financial experts.

The State Council has its international accounts ttdkik company accounts in accordance with international standards, each year to check invoices, payment orders, and the health of the breasts, and where did they come from? How behavior? And the Committee of the Shura Council by Kofi mimic the same mechanism continued this course to 15» 12» 2010 as issued resolution 1956 on the Development Fund for Iraq for the protection money, while the registered account, Kofi Annan, were 100 percent protected, and such funds as long as they are registered in the Development Fund for Iraq is also protected 100 percent, but this does not prevent it may be subject to seizure in accordance with the laws of America, given the implications of America's responsibilities as the occupying power of Iraq there is validity to the US President to release Ommar emergency or To protect u.s. national security, whereby it is possible to exclude any State funds into America from any court decisions on the protection of the funds and called this presidential executive order by Bush since the establishment of the Development Fund for Iraq in 2003 until the present renewed each year.

What do you mean by protection money and threatening this protection?

Protection means no complaints come from commercial creditors on Iraq and they are many, those whom have judicial decisions to seize Iraqi money where and whom in the process of the courts, and many of them have fake claims dust war hopes luck and had to take the compensation and trying to get it again, imagining there is no know. These forms and types.

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