Iraq constitutes committees to negotiate with creditors after emerging from Chapter VII

by **Rocky** Sun Jun 30, 2013 10:51 am

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Post n°1

Iraq constitutes committees to negotiate with creditors after emerging from Chapter VII

by Rocky Sun Jun 30, 2013 10:51 am

Iraq constitutes committees to negotiate with creditors after emerging from Chapter VII

BAGHDAD / JD / .. Finance Committee revealed Iraq's intention to set up committees to negotiate with creditors after emerging from Chapter VII

A member of the Finance Committee Abdul Hussein al-Yasiri told / JD /: that Iraq would emerge from Chapter VII and entry in Chapter VI will enable him to solve the issue of debt with individuals and companies through dialogue and the formation of committees to negotiate with all parties after the submission of documents is a fundamentalist.

And between Yasiri: In the past, the Security Council is the master of money and spend it deems appropriate amount by calculating the Development Fund for Iraq (dfi) to individuals who think they were subjected to persecution or theft of their money.

Yassiri added: either because not entitled to the United Nations or any other party control these funds, explaining that the size of Iraq's debt of 140 billion dollars, but most countries have reduced their debt and some of them as a complete waiver of debt, such as the United States of America

He continued: that the Iraqi economy has become free and in the possibility of Iraqi banks to transfer money to the outside, without being confiscated

The money, which will be at the disposal of the Central Bank of Iraq after coming out of Chapter VII of money estimated at $ 82 billion.

A member of the House of Representatives MP Habib Terminal in an earlier statement to Agence / JD /: that the volume of Iraq that would accrue to the Central Bank after the withdrawal of Iraq from Chapter VII is estimated at $ 82 billion, which will cover the dinar and contributes to the lifter economic situation.

And between Terminal: The state as measured from the balance and has today become a fully sovereign Iraq and and security Aahdd and international peace and is supposed to benefit as much as possible from this positive step.
He explained that the Iraqi diplomacy succeeded in improving Iraq's relationship with the region and the world functions and to return to the course that was played in the past.

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by **Neno** Sun Jun 30, 2013 11:37 am

Neno

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Post n°2

Re: Iraq constitutes committees to negotiate with creditors after emerging from Chapter VII

by Neno Sun Jun 30, 2013 11:37 am

And between Terminal: The state as measured from the balance and has today become a fully sovereign Iraq and and security Aahdd and international peace and is supposed to benefit as much as possible from this positive step.
He explained that the Iraqi diplomacy succeeded in improving Iraq's relationship with the region and the world functions and to return to the course that was played in the past.

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