Financial Supervision: Iraqi funds in the safe after the lifting of immunity by

Financial Supervision: Iraqi funds in the safe after the lifting of immunity by
 
 


Alsumaria News / Baghdad
Affirmed the Federal Audit Court, on Monday, that Iraqi funds are safe after the lifting of immunity by the U.S., pointing to the absence of claims thereon, as pointed out that threat, "we feared previous years" became non-scary.
 
He said the Chief of Staff Abdel Basset Turki said in an interview for "Alsumaria News", "The Iraqi funds abroad in a safe is not exposed to the risks of an exceptional", adding that "to this day we have not heard the demands of the introduction against Iraq."
 
He said that the Turkish "Maybe some of the issues raised on the money, as with the rest of the world," he said, adding that "there are legal payments to defend the legality of the claim or not."
 
He stressed that the "Iraqi funds abroad, which is in more than one place is a safe rule of law," explaining that "the threat that we feared previous years became a non-scary."
 
Turki added that "the central bank's money safely customarily reserved in all countries of the world, and the law in some countries of the world," noting that "the Iraqi government funds managed by the Bank are safe as well."
 
And decided to President Barack Obama, in May 28 last year, under the powers granted to him in accordance with the Constitution and laws of the U.S., to lift the immunity granted to the Development Fund for Iraq and the private property belonging to the Iraqi government abroad.
 
And is filed in the "Development Fund for Iraq" all Iraq's revenues from oil exports and withdraw the UN from this revenue ratio of 5%, the compensation awarded to Kuwait for the 1991 war with pay and the Ministry of Finance, all of Iraq's debt before the receipt of government supervision of the "Development Fund for Iraq.
 
The UN Security Council had committed the Iraqi government at the end of 2009 to develop a plan for receiving tasks overseeing the Development Fund for Iraq from the United Nations the end of 2010, for the Iraq after cum-Treasury U.S. federal to ensure immunity by law, the U.S. presidential him and that will protect Iraq's imports oil from custody by a lot of creditors and that this protection Sntha during the month of May of this year.
 
Iraq has sought to cancel the debts arising during the reign of the former regime of Saddam Hussein, amounting to more than 120 billion dollars, which date back to some compensation because of wars waged by his neighbors and others countries and traders, while demanding some countries and traders Iraqi government the need to pay their dues and are threatening to sue in international courts to fund Iraqi imports.
 
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