Finance : new proposals to address Iraq's debt
5/13/2014
9 days to raise funds for the protection of the American government and hedge ..
BAGHDAD - Farah pumice
What remains of Iraq's debt , which he inherited from the misguided policies of the regime dictatorial , a burden on successive governments since 2003 and until now , but the efforts of those in charge of running this file may bear fruit in the form of stages over the coming years , especially as the government is preparing to face a new challenge the lifting of protection for Iraqi funds abroad after 9 days only , so put mechanisms in collaboration with several sides to face any financial or legal risks that may arise .
Tackle debt
To illustrate the issue of debt occur director of legal relations in the Ministry of Finance Mohammad al-Saadi "morning" , saying : "The Iraqi debt before and after 1990 are two sovereign and commercial ," calling to speed up the processing with near lift protection for Iraqi funds in 22 of the current month .
And between al-Saadi , who warned of the book on the Iraqi funds by the creditors , it is , "according to the Paris Club agreement has reduced Iraq's debt to 80 percent of their value in agreement with the creditors , but it is on according to international law , the benefits of financial assets amounts continuous Iraq Born indebtedness of new overburden the state, " and points out that the debt is divided into three phases since 2004 and until 2028 , which is binding on the Iraqi side only , and added indebtedness new outweigh the previous accumulation of interest , pointing out that the figures are not accurate because it is on the increase and constitute the current debt including nearly four billion dollars for corporate debt declared . was due to expire indebtedness Iraq in 2028 according to ( scheduling and restructuring of Iraq's foreign debts ) , according to Saadi .
The origin of religion
In this regard , confirms al-Saadi to buy the debt came under the international resolutions, the UN Security Council which represents the principal amount plus interest , and the estimated value of 10.25 percent of the original this for the debts of the private sector foreign ( commercial debt ), which is binding on the Iraqi side and a non-binding foreign companies from right rejection and acceptance , either sovereign debt are purchased worth 20 percent of the basis of religion .
New proposals
Therefore, al-Saadi suggested several proposals contribute to extinguish the debt in a productive manner for both parties ( creditor and debtor ) .
He adds that " the proposed first is to give a productive investment in Iraq in exchange for ceding his religion and dropping the suit , with includes the second to give the oil Black ( remnants of crude oil ) in exchange for canceling the debt , while providing third proposal to hold a bilateral agreement with the owner of the debt by giving the value of the interest estimated at 10.25 and continued to give him the amount and Tksath over 10 years . "
Saadi revealed on " submit these proposals to the Minister of Finance in order to put in the General Secretariat of the Council of Ministers ," Hada on " the formation of a high level delegation of the agreement with the Paris Club secretariat to discuss these proposals if approved by the Council of Ministers ."
Protection money
The financial expert, has the appearance of Mohammed Saleh pointed out that Iraq's money deposited in a fund account receipts (DFI) with the Federal Reserve Bank in New York , and thus is protected about it the American presidential .
And Saleh said in a statement the "morning " that Iraq was a student in the past year to extend the period of protection for his money which is due to expire on May 22 of this year , and wondered , saying: " Is that Iraqi funds are protected in nature or not? We can not predict the risk of a legal " .
He continued: "In general, the fact that these funds are open calculates the Central Bank of Iraq for the benefit of the Iraqi government , so they are protected by the Federal Reserve Bank , which is a branch of the Central Bank of the U.S. , especially as the central banks protect the money some of them, especially if the money the central bank independent , It is not a money business and contribute to economic stability .
But Saleh pointed out that the possibility of pursuing Iraq's money when you lift them protection from creditors of the private sector , because governments do not sue other governments .
Do not Risk
Although it stresses that this debt does not pose a threat to Iraq , especially as the number of creditors is limited and some of them won a judgment lien on Iraqi funds , as in the case of Kuwait Airways a few years ago .
According to Saleh , the only Iraq debts worth 21 billion dollars , adding that the debt is divided into two forms , large and small means that the value of the debt has become 10.25 percent , out of the amount.
He explained that the " small debts that make up the 35 billion dollars and more than 4 and a half billion dollars paid Iraq immediately and in cash at 10 and a quarter of its value , ie, approximately 89 percent , according to the Paris Club agreement , called the current value of the present , ie, that the five billion became $ 450 million ( shot on Iraq ) , while the more than 35 billion dollars were accepted bonds Iraqi Bdjunhm 20 percent of its value for the year 2028 valued at an interest rate of 5.8 percent .
Places vulnerable
However , confirming the benefit of that care to state funds is an urgent need and at the same time it is necessary to take risks and to defend the money , so called for the formation of an ad hoc committee of legal experts and financial to connect to a network of international lawyers to defend the interests of the state in every place , a proposal also put money fortified places in the non- judicial reservation on any state or government institutions when opening accounts abroad to be sure , including whether the vulnerable and not subject to judicial reservation .
[You must be registered and logged in to see this link.]
5/13/2014
9 days to raise funds for the protection of the American government and hedge ..
BAGHDAD - Farah pumice
What remains of Iraq's debt , which he inherited from the misguided policies of the regime dictatorial , a burden on successive governments since 2003 and until now , but the efforts of those in charge of running this file may bear fruit in the form of stages over the coming years , especially as the government is preparing to face a new challenge the lifting of protection for Iraqi funds abroad after 9 days only , so put mechanisms in collaboration with several sides to face any financial or legal risks that may arise .
Tackle debt
To illustrate the issue of debt occur director of legal relations in the Ministry of Finance Mohammad al-Saadi "morning" , saying : "The Iraqi debt before and after 1990 are two sovereign and commercial ," calling to speed up the processing with near lift protection for Iraqi funds in 22 of the current month .
And between al-Saadi , who warned of the book on the Iraqi funds by the creditors , it is , "according to the Paris Club agreement has reduced Iraq's debt to 80 percent of their value in agreement with the creditors , but it is on according to international law , the benefits of financial assets amounts continuous Iraq Born indebtedness of new overburden the state, " and points out that the debt is divided into three phases since 2004 and until 2028 , which is binding on the Iraqi side only , and added indebtedness new outweigh the previous accumulation of interest , pointing out that the figures are not accurate because it is on the increase and constitute the current debt including nearly four billion dollars for corporate debt declared . was due to expire indebtedness Iraq in 2028 according to ( scheduling and restructuring of Iraq's foreign debts ) , according to Saadi .
The origin of religion
In this regard , confirms al-Saadi to buy the debt came under the international resolutions, the UN Security Council which represents the principal amount plus interest , and the estimated value of 10.25 percent of the original this for the debts of the private sector foreign ( commercial debt ), which is binding on the Iraqi side and a non-binding foreign companies from right rejection and acceptance , either sovereign debt are purchased worth 20 percent of the basis of religion .
New proposals
Therefore, al-Saadi suggested several proposals contribute to extinguish the debt in a productive manner for both parties ( creditor and debtor ) .
He adds that " the proposed first is to give a productive investment in Iraq in exchange for ceding his religion and dropping the suit , with includes the second to give the oil Black ( remnants of crude oil ) in exchange for canceling the debt , while providing third proposal to hold a bilateral agreement with the owner of the debt by giving the value of the interest estimated at 10.25 and continued to give him the amount and Tksath over 10 years . "
Saadi revealed on " submit these proposals to the Minister of Finance in order to put in the General Secretariat of the Council of Ministers ," Hada on " the formation of a high level delegation of the agreement with the Paris Club secretariat to discuss these proposals if approved by the Council of Ministers ."
Protection money
The financial expert, has the appearance of Mohammed Saleh pointed out that Iraq's money deposited in a fund account receipts (DFI) with the Federal Reserve Bank in New York , and thus is protected about it the American presidential .
And Saleh said in a statement the "morning " that Iraq was a student in the past year to extend the period of protection for his money which is due to expire on May 22 of this year , and wondered , saying: " Is that Iraqi funds are protected in nature or not? We can not predict the risk of a legal " .
He continued: "In general, the fact that these funds are open calculates the Central Bank of Iraq for the benefit of the Iraqi government , so they are protected by the Federal Reserve Bank , which is a branch of the Central Bank of the U.S. , especially as the central banks protect the money some of them, especially if the money the central bank independent , It is not a money business and contribute to economic stability .
But Saleh pointed out that the possibility of pursuing Iraq's money when you lift them protection from creditors of the private sector , because governments do not sue other governments .
Do not Risk
Although it stresses that this debt does not pose a threat to Iraq , especially as the number of creditors is limited and some of them won a judgment lien on Iraqi funds , as in the case of Kuwait Airways a few years ago .
According to Saleh , the only Iraq debts worth 21 billion dollars , adding that the debt is divided into two forms , large and small means that the value of the debt has become 10.25 percent , out of the amount.
He explained that the " small debts that make up the 35 billion dollars and more than 4 and a half billion dollars paid Iraq immediately and in cash at 10 and a quarter of its value , ie, approximately 89 percent , according to the Paris Club agreement , called the current value of the present , ie, that the five billion became $ 450 million ( shot on Iraq ) , while the more than 35 billion dollars were accepted bonds Iraqi Bdjunhm 20 percent of its value for the year 2028 valued at an interest rate of 5.8 percent .
Places vulnerable
However , confirming the benefit of that care to state funds is an urgent need and at the same time it is necessary to take risks and to defend the money , so called for the formation of an ad hoc committee of legal experts and financial to connect to a network of international lawyers to defend the interests of the state in every place , a proposal also put money fortified places in the non- judicial reservation on any state or government institutions when opening accounts abroad to be sure , including whether the vulnerable and not subject to judicial reservation .
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
Today at 4:13 pm by Rocky
» MM&C 9/29/24 What after the closure of the currency auction at the Central Bank of Iraq?
Today at 11:48 am by Rocky
» MM&C 9/29/24 "THE EXPECTED PATH OF THE IRAQI ECONOMY"
Today at 7:14 am by Rocky
» utube 9/28/24 MM&C IQD Update News -Iraq PM - $83 Billion 3 Years - Stability - Global Contracts -
Today at 7:12 am by Rocky
» utube MM&C 9/26/24 Iraq Dinar News-Iraq Plans Redenomination of Currency-Value of it Related-Elect
Today at 7:11 am by Rocky
» Advisor to the Prime Minister rules out a decline in gold prices in the coming period..and explains
Today at 7:03 am by Rocky
» Legal expert: If it weren't for the Security Council's collusion, the Zionist entity would have been
Today at 6:59 am by Rocky
» Minister of Planning announces field progress in preparations for the census
Today at 6:58 am by Rocky
» Proposal before the government to form an economic and security crisis cell
Today at 6:56 am by Rocky
» Al-Karawi: The government's ignoring of the resistance's request is a betrayal of the blood of the m
Today at 6:55 am by Rocky
» Iraq is the fourth largest importer from Türkiye during the past month
Today at 6:53 am by Rocky
» The Prime Minister directs that Lebanese citizens wishing to come to Iraq be granted fast travel doc
Today at 6:50 am by Rocky
» US releases founder of cryptocurrency exchange Binance
Today at 6:48 am by Rocky
» The Central Bank of Iraq issues a warning to exchange companies regarding the sale of dollars
Today at 6:46 am by Rocky
» The Central Bank of Iraq sells more than $ 258 million in today's auction
Today at 6:45 am by Rocky
» Launching of aid and scholarship salaries this week
Today at 6:43 am by Rocky
» Karbala begins implementing 154 projects
Today at 6:42 am by Rocky
» Next Tuesday.. Closing of the application for the central admission form
Today at 6:40 am by Rocky
» Service effort: Including the capital and 4 governorates in next year’s plans
Today at 6:39 am by Rocky
» Rafidain Bank issues instructions for granting real estate loans
Today at 5:25 am by Rocky
» The expected path of the Iraqi economy
Today at 5:23 am by Rocky
» Experts: Population census shapes economic policies and directs investments
Today at 5:22 am by Rocky
» Central Bank records more than $1 billion in currency sales in a week
Today at 5:20 am by Rocky
» The Central Bank of Iraq warns exchange companies that sell dollars to travelers from receiving a co
Today at 5:19 am by Rocky
» Iraq under the microscope.. Will Baghdad succeed in avoiding regional conflict after the assassinati
Today at 5:17 am by Rocky
» Al-Sudani makes a phone call to the Lebanese Prime Minister
Today at 5:14 am by Rocky
» How will developments in Lebanon affect the Iraqi economy and the oil market?
Today at 5:13 am by Rocky
» The position of the Speaker of Parliament and developments in the region on the table of Masoud Barz
Today at 5:06 am by Rocky
» Targeting of an American base in Syria by Iraqi factions
Today at 5:05 am by Rocky
» Official: Border shelling targeted Iraqi faction, reports of casualties
Today at 5:04 am by Rocky
» How much is Iraq's external debt in light of the fluctuation in oil prices?
Today at 5:02 am by Rocky
» Iraq is not far from war.. Will the factions enter into a confrontation with Israel?
Today at 5:01 am by Rocky
» Outcomes of the Coordination Framework Meeting in the Presence of Al-Sudani
Today at 5:00 am by Rocky
» Al-Sudani renews to Mikati Iraq's firm position in supporting Lebanon and standing with it
Today at 4:57 am by Rocky
» Iraq's oil exports to US rise in a week
Today at 4:56 am by Rocky
» 5 governorates on the 2025 service effort plan
Today at 4:53 am by Rocky
» Dollar exchange rates in Iraqi stock exchanges today
Today at 4:52 am by Rocky
» Drug Law Amendments: No Life Sentences Anymore... Trade and Agriculture Will Be Faced with "Death Pe
Today at 4:50 am by Rocky
» A long-awaited historic position... When will the coalition forces leave Iraq?
Today at 4:48 am by Rocky
» Warnings of an imminent economic danger... and the alternative solution is taxes!
Today at 4:46 am by Rocky
» Dilapidated buildings and shortages... Iraq needs new schools!
Today at 4:44 am by Rocky
» Iraq is the second Gulf country to award contracts worth more than $2 billion
Yesterday at 10:23 am by Rocky
» Intensive US movements on the Iraqi-Syrian border.. Where is the situation heading? - Urgent
Yesterday at 10:20 am by Rocky
» Iraqi Minister of Water Resources speaks to Al Jazeera Net about solutions to the water crisis
Yesterday at 10:15 am by Rocky
» Iraqi Foreign Ministry: Expanding the scope of war in the region leads to serious consequences
Yesterday at 5:16 am by Rocky
» /Information/ reveals the location of the Rafidain Bank robbers in Ramadi
Yesterday at 5:15 am by Rocky
» Al-Sudani Office for /Al-Maalouma/: Foreign workers threaten graduates
Yesterday at 5:14 am by Rocky
» Foreign Minister invites his Venezuelan counterpart to visit Baghdad
Yesterday at 5:12 am by Rocky
» "Government" real estate loans with amounts up to 150 million dinars.. Conditions and details
Yesterday at 5:10 am by Rocky
» Setting a date to launch 102 investment opportunities in Iraq
Yesterday at 5:07 am by Rocky
» Bitcoin Set to Post Best September Ever on Rate Cut
Yesterday at 5:06 am by Rocky
» What is the truth about the existence of a naval embargo imposed on Iraq?
Yesterday at 5:04 am by Rocky
» More than $70 million in Iraqi imports of Indian tea
Yesterday at 5:03 am by Rocky
» Oil price decline: Impact hits new groups in Iraq
Yesterday at 5:02 am by Rocky
» Parliamentary Finance to NINA: The decline in global oil prices will not affect employees’ salaries
Yesterday at 5:00 am by Rocky
» Al-Hakim: Investing in tourism as one of the sources of financial revenues for the state
Yesterday at 4:59 am by Rocky
» From Najaf Al-Ashraf.. The Minister of Labor announces the completion of the procedures for issuing
Yesterday at 4:58 am by Rocky
» Parliamentary Finance to NINA: The decline in global oil prices will not affect employees’ salaries
Yesterday at 4:56 am by Rocky
» 19,000 dinars difference from the official price.. The dollar falls slightly in Baghdad
Yesterday at 4:52 am by Rocky
» Al-Asadi: We call on citizens to invest in the retirement and social security law
Yesterday at 4:51 am by Rocky
» “Worth $4 billion”: Iran exports engineering services to Iraq
Yesterday at 4:48 am by Rocky
» US, Iraq agree to end 'alliance' in September 2025
Yesterday at 4:46 am by Rocky
» New tax will push house prices up, Iraq's real estate market into recession
Yesterday at 4:45 am by Rocky
» It is black and includes Iraq.. Netanyahu waves the “curse map” before the United Nations
Yesterday at 4:43 am by Rocky
» “The wiretapping scandal” complicates the political scene.. The second term is far from Al-Sudani
Yesterday at 4:42 am by Rocky
» Suspicions surround hospital projects.. Is corruption hindering the Chinese agreement in Iraq?
Yesterday at 4:41 am by Rocky
» Statement issued by the media office of Dr. Iyad Allawi
Yesterday at 4:39 am by Rocky
» Faeq Zidane: The jurisdiction of law and judiciary is a constitutional and legal jurisdiction
Yesterday at 4:37 am by Rocky
» Sudanese arrives in Baghdad
Yesterday at 4:36 am by Rocky
» Planning: Completion of 70% of inventory and numbering work in Kirkuk
Yesterday at 4:34 am by Rocky
» Rafidain Bank announces granting real estate loans to three categories
Yesterday at 4:33 am by Rocky
» Dollar price today
Yesterday at 4:32 am by Rocky
» Netanyahu enters with maps and attendees leave the General Assembly session.. What did he mention Ir
Yesterday at 4:29 am by Rocky
» The historic agreement on international withdrawal... a turning point in the path of Iraqi sovereign
Yesterday at 4:27 am by Rocky
» Includes citizens, employees and retirees.. A real estate loan from Rafidain worth 150 million dinar
Yesterday at 4:24 am by Rocky
» Does it include an American withdrawal? Two important indications in the statement "ending the missi
Yesterday at 4:22 am by Rocky
» Dollar exchange rates drop in Iraqi stock exchanges
Yesterday at 4:21 am by Rocky
» Will the drop in oil affect only employees' salaries or all segments of society?
Yesterday at 4:19 am by Rocky
» North Carolina removes 747,000 from voter rolls
Fri 27 Sep 2024, 5:03 pm by Bama Diva
» The full extent of the Biden-Harris criminal alien invasion REVEALED
Fri 27 Sep 2024, 4:32 pm by Bama Diva
» utube 9/24/24 MM&C Iraqi Dinar News-IRAQ-INTERNATIONALISM NY-2023 to 2029 Road Map - Social- Finan
Fri 27 Sep 2024, 7:17 am by Rocky
» Hanoun calls for benefiting from the Chinese economic experience and linking the Silk Road between t
Fri 27 Sep 2024, 7:12 am by Rocky
» Gulf-American statement directs a strict request to Iraq
Fri 27 Sep 2024, 7:10 am by Rocky
» Conflict escalates in the Middle East, warning of Iraq slipping deeper into confrontation
Fri 27 Sep 2024, 7:08 am by Rocky
» EU 'concerned' over increasing executions in Iraq
Fri 27 Sep 2024, 7:05 am by Rocky
» Mustafa Sand: The judiciary has proven the “wiretapping” issue, and Al-Sudani’s brother is involved
Fri 27 Sep 2024, 7:04 am by Rocky
» Parliamentary Committee Talks in Numbers About Iraq’s Water Crisis with Türkiye and Proposes a Solut
Fri 27 Sep 2024, 7:01 am by Rocky
» Why did the Central Bank hesitate to implement the measures taken against Iraqi private banks?
Fri 27 Sep 2024, 7:00 am by Rocky
» US State Department: Announcement of agreement on the future of the international coalition from Ira
Fri 27 Sep 2024, 6:58 am by Rocky
» Housing Crisis in Iraq: “Ambitious” Government Plans and Fears of Monopoly
Fri 27 Sep 2024, 6:55 am by Rocky
» Will privatization save Iraq's economy or open the door to corruption?
Fri 27 Sep 2024, 6:52 am by Rocky
» Parliament: Agreement with the regional government to review its oil contracts to adapt them constit
Fri 27 Sep 2024, 6:51 am by Rocky
» Interior Minister: Iraq is free of drug factories
Fri 27 Sep 2024, 6:50 am by Rocky
» Anbar Alliance: Halbousi clings to power because he fears opening major files against him
Fri 27 Sep 2024, 6:48 am by Rocky
» Rising prices of oil derivatives in Kurdistan.. reasons and goals
Fri 27 Sep 2024, 6:46 am by Rocky
» Economist calls on the government to resort to tax exemption
Fri 27 Sep 2024, 6:45 am by Rocky
» Iraqi Oil Company for Investment and Pricing of Raw Gas Produced
Fri 27 Sep 2024, 6:44 am by Rocky
» Increase in activity at Mandali border crossing during the current year
Fri 27 Sep 2024, 6:43 am by Rocky
» MP: New cities map will include eight governorates next year
Fri 27 Sep 2024, 6:42 am by Rocky