War: No threat of Iraqi funds in the United States and abroad, and will be managed in Iraq next mont

War: No threat of Iraqi funds in the United States and abroad, and will be managed in Iraq next month




Wed Apr 02 2014 10:24 p.m. | (Voice of Iraq) - Baghdad - where he said the legal expert Tareq Harb said there was no threat of Iraqi funds in the United States or abroad, and will be the Iraqi Central Bank to control the money next month without the mediation of the Development Fund for Iraq [DFI] or FEDs. " He said the war in a statement received by all of Iraq [where] a copy of it today: "Commenting on the reported by some media of the existence of a threat of Iraqi funds after May 22, 2014, the expiration of the entry into force of the decree, U.S. and issuance of UN Security Council Resolution 2107 for the year 2013, which drove Iraq from Chapter VII say that Iraqi money in America was protected by a decree issued by President Bush in 2003 and this decree is renewed annually and was last decree was issued in 2013 and expires on 22 May 2014, which prohibits administrative bodies and judicial U.S. from seizure or confiscation or implementation of any provision regarding the money Iraqi. remember that "the Iraqi money outside of America was protected by UN Security Council resolutions issued under Chapter VII and this protection over the issuance of UN Security Council Resolution 1956 on 31/12/2010. , and said the "claims the U.S. for pro-Iraqi terminated in accordance with the agreement of the Iraqi American who was approved by parliament and issued Law No. 7 for the year 2011, including paying $ 400 million dollars for the American exchange for dropping and end all lawsuits and claims of U.S. individuals or companies, or any other claims, even if in the future and therefore no danger to the Iraqi funds in America. noted that Iraqi funds abroad was the biggest threat to her claim Kuwait Airways and this has been settled by agreement with the Kuwaiti company where he was part payment of the amounts claimed against the end and dropping lawsuits and verdicts in this regard and actually got it. noted that Iraqi funds abroad was lifted protection by since the UN Security Council resolution 1956 of 2010, however there are no large claims or seriously threatens the money evidenced by expiration of a period of more than two years and Iraqi money without protection and there are no claims of serious or significant. "It said all claims and lawsuits relating to the former regime and the remainder of which 5% of the compensation to the 1991 war where deducted from imports of Iraqi oil under the UN Security Council resolution and these claims and this percentage will be paid a whole and ending in the year 2015. between "each of the foregoing, there is no threat of Iraqi funds in the United States or abroad when he takes Bank Iraqi central control over the money next month without the mediation of the Development Fund for Iraq [DFI] or FEDs without any risk of a serious threat to the money whether Decree new U.S. or has not been issued. were specialists in economic affairs has voiced fears of the possibility that Iraqi funds abroad into custody or confiscated, if Iraq did not improve the management of this file after the lifting of the U.S. trusteeship by the end of next May. was Barack Obama, the U.S. president, said last year that the U.S. administration would not extend guardianship, calling on Iraq to solve the financial problems with creditors abroad...


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Special / Iraq's money in U.S. banks and companies without protection payable touched Doors


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BAGHDAD - Iraq Press -2 April:

 

The Minister of Finance acting purity of net debt, on Wednesday, that Iraq had decided not to renew the demand protection of Iraqi funds in U.S. banks, and while stressing that the United States can not provide protection for Iraq's money anymore under the pressure of popular American between his country will settle the debt with the most creditor countries according to the Paris Convention.

Safi said in a statement to Iraq Press / "The United States helped Iraq to settle its debts with a number of countries, in the last period, through the protection of Iraqi funds."

He added that "Iraq has become immune and does not need to protect his money again," pointing out that "there are U.S. companies owed Iraq with money, and therefore, Washington can not continue the protection of that money, amid claims the popular American stop protection," he said.
And the Net, "The United States has urged Iraq to deal with creditors and debt settlement on all sides, and confirmed that it can not continue to protect its assets in U.S. banks."

He added that "Iraq has taken a series of measures to settle its debts with creditors dozens of companies," pointing out that "the lawyers will take the necessary legal procedures to protect the money after the lifting of protection for this."
And the net that "Iraq did not want to take away other rights, but he aspires to a settlement, and that the Iraqi government was able to settle their debts with the governments of the creditor countries in accordance with the Paris Club agreement, the judge paying Iraq 20% of the amounts owed by him, in the form of payments, compared to a waiver of those governments for 80%, or 10% cash payment in exchange for ceding 90%, "he said, adding that many countries have agreed to this settlement."
He concluded by saying that "Iraq seeks to provide protection for his money abroad to take legal and financial means necessary to deliver the creditor to claim settlement." Ended (1)

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Expert: there is no danger to the Iraqi funds abroad





30 April 2014, 10: 21 am Last update: 03 October 2014 10: 21 am















The legal expert, said Tariq Harb, Wednesday, the most serious threat to Iraqi funds abroad, whether in America or abroad, adding in a statement commenting on some media reported a threat to Iraqi money after 22 may 2014 "that Iraqi money in America were protected by a decree issued by President Bush in 2003 and the decree is renewed annually and had another decree in 2013 and ends on 22 may 2014, Where administrative and judicial authorities of seizure or confiscation or any provision regarding Iraqi funds. "according to the newspaper the voices of Iraq

"The Iraqi funds outside America were protected under Security Council resolutions adopted under Chapter VII, such discrete and ended with the decision of the UN Security Council, 1956 at 31/12/2010", adding that "the u.s. claims of Iraqi funds ended the US-Iraqi agreement approved by the Parliament and promulgated Act No. 7 of 2011, including a payment of $ 400 million in Exchange for dropping and end all lawsuits and claims of individuals or corporations."

"The Iraqi overseas funds were the biggest threat to KAC's claim and this was settled by agreement with the Kuwaiti company was paying part of the amount claimed for termination and drop the lawsuits and rulings thereon and actually got it." he noted that existing ones abroad "uncloak since UN Security Council resolution 1956 year 2010 however there are large or serious threats to the Guide went more than two years, and Iraqi funds Without protection, there are no serious or large claims.

He said war "all claims and actions relating to the former regime and the rest of 5% compensation for the 1991 war where deducted from Iraqi oil imports under a UN Security Council resolution and that the claims will be paid as a whole and ending in 2015.""For all of the foregoing, there is no danger to the Iraqi funds in America or abroad when the Central Bank control over these funds next month without the mediation of the Development Fund for Iraq (DFI) or fed without any serious danger threatening these funds both new us decree or not"

The history of 22/05/2014 next strategic and economic change is protection from the Iraqi funds deposited in banks in United States. Deputy Governor of the Central Bank of the former appearance of Mohamed Saleh: "(22 may 2014) will protect America from Iraqi funds deposited in the Development Fund for Iraq" and will take responsibility of the Central Bank of Iraq, after the departure of Iraq from Chapter VII (27 June 2013). "he said:" the Iraqi Development Fund deposits which come from imports of oil were deposited in us reserves and 5% of Kuwait's compensation in accordance with section VII of the United Nations imposed against Iraq ".

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