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Iraqi funds
between several options .. I represent the extension of protection
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08/05/2013 12:00 AM
With
the approach of the end of the period
Baghdad
- Mostafa Hashemi
At
the time is approaching when Iraq from the expiry date of the protection fund
Iraqi funds DFI by the Government of the United States, called specialists
government officials to reconsider this issue and choose the most appropriate
solution to end this file from a range of options notably the transfer of the
remaining money in the fund to
Iraq, and the central bank to bear the responsibility to pay off debts
creditors.
And
called economists need to ask the American side to extend for another year, to
coincide with Iraq's commitment to implement all UN resolutions, the most
important settlement of external debt, which left them anything but little,
while others said that as long as Chapter VII present the extension of an
existing inevitably.
The
researcher said Ahmed al-Husseini (morning): The aim of finding this fund is to
ensure the continued payment of Iraq's debt, especially Kuwait, including the
amount of the proportion Astqtaatha of the fund 5 percent of Iraqi oil revenues,
adding that the problem in this issue more political than economic. At
the same time stressing that Iraq is still subject to Chapter VII, and as long
as the item is based, the extension will be the reality of the Iraq
faces.
He
Husseini that the extension of protection money is required at this stage, at
least until the general election in the country in the next year and wait for
the economic changes that will occur after the political changes. For his part,
saw the economic expert Hilal Taan that Iraq's interest to apply for an
extension of another year Fund
for the Protection of Iraqi funds for the purpose of ending the file of the
entire debt and return the money to the disposal of the Iraqi
government.
And
the form of the Fund for the Protection of Iraqi funds under UN Security Council
Resolution 1483 to protect Iraqi funds from international claims after the
events of 2003, the United States also announced mid last year for agreeing to
extend the protection of Iraqi funds deposited in the Development Fund for Iraq
until the month of June.
He
Taan that to Iraq two options to resolve the file Protection Fund money Iraq
(DFI), which is supposed to be preparing government officials to restore the
money to the Central Bank of Iraq because they would be protected certainly
claims of illegal, or that shall be deposited with Swiss banks to be safe also
of those claims.
He
pointed out that Iraq has fulfilled its obligations the issue of debt and paid a
large part of them, as there are countries turned off the debts on Iraq 100
percent, Kalamarat and the United States, under the Paris Club. He
said the issue of compensation is settled through the allocation of Iraq's 5
percent of oil revenues, stressing that Iraq paid more than $ 110 billion and
claims on Iraq is not as it was in the past. And deduct Since then 5 percent of
the proceeds of Iraq's oil for such compensation .
But
to extend the protection of American funds Iraq and his assets other overseas
under required in anticipation of starting an avalanche of lawsuits and claims
after the lifting of international cover for these funds. Its part, said a
member of the Finance Committee parliamentary Magda al-Tamimi told (morning):
supposed to ask Iraq from the United States The
last extension of the presence of potential creditors.
She
added that some of these creditors were settled their debts compared to buying
bonds, government باثمان cheap, and indicated that he could be the distribution
of the fund and make it under the umbrella of other countries كايطاليا اوفرنسا
or other., And pointed to the need to resolve this file as soon as this
represents a restoration of the prestige of Iraq represented to regain control
and discretion his
money placed under American tutelage under the supervision of the United
Nations.
It
was the United States' commitment to the protection of Iraq's money and his
assets have been proven in the strategic partnership agreement signed between
Iraq and the United States in 2008. Has also been renewed on American protection
money for two consecutive years due to end next month.
The
Iraqi Central Bank Governor agency Abdul Basit Turki Saeed search late last
April with the Fed American Multi reserves Central Bank of Iraq and the
protection of Iraq's money during a private visit to New York to discuss topics
as well as financial issues with other Fed American, and that this visit came on
the sidelines of meetings spring
in the United States which is considering the financial and banking issues and
the development of new plans for the development of the banking sector.
[You must be registered and logged in to see this link.]
between several options .. I represent the extension of protection
[You must be registered and logged in to see this image.]
08/05/2013 12:00 AM
With
the approach of the end of the period
Baghdad
- Mostafa Hashemi
At
the time is approaching when Iraq from the expiry date of the protection fund
Iraqi funds DFI by the Government of the United States, called specialists
government officials to reconsider this issue and choose the most appropriate
solution to end this file from a range of options notably the transfer of the
remaining money in the fund to
Iraq, and the central bank to bear the responsibility to pay off debts
creditors.
And
called economists need to ask the American side to extend for another year, to
coincide with Iraq's commitment to implement all UN resolutions, the most
important settlement of external debt, which left them anything but little,
while others said that as long as Chapter VII present the extension of an
existing inevitably.
The
researcher said Ahmed al-Husseini (morning): The aim of finding this fund is to
ensure the continued payment of Iraq's debt, especially Kuwait, including the
amount of the proportion Astqtaatha of the fund 5 percent of Iraqi oil revenues,
adding that the problem in this issue more political than economic. At
the same time stressing that Iraq is still subject to Chapter VII, and as long
as the item is based, the extension will be the reality of the Iraq
faces.
He
Husseini that the extension of protection money is required at this stage, at
least until the general election in the country in the next year and wait for
the economic changes that will occur after the political changes. For his part,
saw the economic expert Hilal Taan that Iraq's interest to apply for an
extension of another year Fund
for the Protection of Iraqi funds for the purpose of ending the file of the
entire debt and return the money to the disposal of the Iraqi
government.
And
the form of the Fund for the Protection of Iraqi funds under UN Security Council
Resolution 1483 to protect Iraqi funds from international claims after the
events of 2003, the United States also announced mid last year for agreeing to
extend the protection of Iraqi funds deposited in the Development Fund for Iraq
until the month of June.
He
Taan that to Iraq two options to resolve the file Protection Fund money Iraq
(DFI), which is supposed to be preparing government officials to restore the
money to the Central Bank of Iraq because they would be protected certainly
claims of illegal, or that shall be deposited with Swiss banks to be safe also
of those claims.
He
pointed out that Iraq has fulfilled its obligations the issue of debt and paid a
large part of them, as there are countries turned off the debts on Iraq 100
percent, Kalamarat and the United States, under the Paris Club. He
said the issue of compensation is settled through the allocation of Iraq's 5
percent of oil revenues, stressing that Iraq paid more than $ 110 billion and
claims on Iraq is not as it was in the past. And deduct Since then 5 percent of
the proceeds of Iraq's oil for such compensation .
But
to extend the protection of American funds Iraq and his assets other overseas
under required in anticipation of starting an avalanche of lawsuits and claims
after the lifting of international cover for these funds. Its part, said a
member of the Finance Committee parliamentary Magda al-Tamimi told (morning):
supposed to ask Iraq from the United States The
last extension of the presence of potential creditors.
She
added that some of these creditors were settled their debts compared to buying
bonds, government باثمان cheap, and indicated that he could be the distribution
of the fund and make it under the umbrella of other countries كايطاليا اوفرنسا
or other., And pointed to the need to resolve this file as soon as this
represents a restoration of the prestige of Iraq represented to regain control
and discretion his
money placed under American tutelage under the supervision of the United
Nations.
It
was the United States' commitment to the protection of Iraq's money and his
assets have been proven in the strategic partnership agreement signed between
Iraq and the United States in 2008. Has also been renewed on American protection
money for two consecutive years due to end next month.
The
Iraqi Central Bank Governor agency Abdul Basit Turki Saeed search late last
April with the Fed American Multi reserves Central Bank of Iraq and the
protection of Iraq's money during a private visit to New York to discuss topics
as well as financial issues with other Fed American, and that this visit came on
the sidelines of meetings spring
in the United States which is considering the financial and banking issues and
the development of new plans for the development of the banking sector.
[You must be registered and logged in to see this link.]
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