Economist: Iraq mature enough to manage his money and unable to protect these funds abroad

Economist: Iraq mature enough to manage his money and unable to protect these funds abroad


Special - and babysit - said economic expert Majid picture, said Iraq had become mature enough to manage his money after his exit from Chapter VII after the departure of the troops, stressing that Iraq is taking adequate measures regarding the protection of these funds.


Suri said in a statement to "public opinion", "the central bank since 2010 has taken adequate measures being an independent body in dealing with items central to five countries in order not subjected to any legal action regarding the claims business in general kept the money." Adding that: "Iraq since the period is responsible for the management of his money, but it is there are some commercial claims resolved the bulk of them in the light of the Paris Club, and claims the U.S. for the private sector to those affected by the regime in Iraq has been resolved in that Iraq pays 400 million dollars and the central government are provide for it, and some claims that do not exceed a billion or a billion and a half of the private sector. " Suri noted that the Iraqi government from its contacts foreign lawyers and banks Idafo possible that the rights of Iraq with respect to claims of legitimacy and non-Sharia, which is capable of defending itself with regard to issues suspicious. "



The Iraqi government, announced that the U.S. administration decision to lift the immunity of Iraqi funds in the Development Fund for Iraq as part of the agreement between the two sides. U.S. President Barack Obama announced on Tuesday lifted the immunity of the Development Fund for Iraq, imposed by UN Security Council Resolution 1483 to protect Iraqi funds from international claims after the fall of the former regime in 2003.


It is noted that the lifting of the embargo, the proceeds go back to the Development Fund for Iraq, Iraqi Central Bank, and it becomes possible for any state or company affected by the former regime in Iraq to sue U.S. courts and claim compensation caused by the system to those of the damage. Under Chapter VII Security Council resolution, deposited imports of Iraqi oil in the Development Fund for Iraq, and the depositor, in turn, the Reserve Bank of the U.S., which used its imports for the development of Iraq under the supervision of the United Nations, with the deduction of 5% down payment of compensation Kuwait totaling nearly 52 billion dollars due to the invasion of Iraq have in 1990. obliged the UN Security Council the Iraqi government in 2010 to develop a plan receiving oversight functions on (DFI), from the United Nations the end of the same year, the deposited later in the Treasury of the Federal American barricaded the decision of U.S. executive would protect Iraq's revenues oil from custody by creditors.


The UN Security Council has voted unanimously in June of last year, the decision to remove Iraq from Chapter VII, after actively pursued by the Iraqi government to meet their debts with several countries, including Kuwait because of the actions of the former regime in Iraq. The total debt owed by Iraq nearly 120 billion dollars, covering a large proportion of them amounts of compensation resulting from wars with neighboring countries him, a product of the only one who took him out after 8 years of war with Iran and 13 years of economic blockade and military wars with the United States and its allies. by the occupation of Kuwait.

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