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View Full Version : Claims for extended protection against Iraqi money



Hue Mi
03-18-2014, 04:08 PM
Claims for extended protection against Iraqi money (http://www.dananernews.com/News_Details.php?ID=4576)

2014-03-18

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Baghdad/JD/... The parliamentary Finance Committee warned that Iraqi money deposited in foreign banks threatened by some States and merchants who are demanding Iraq with financial compensation.

Committee member MP Hassan Al-Bayati/JD/: "Iraqi funds deposited in foreign banks if the guardianship by the United States would be threatened and the confiscation, the fact that there are countries and organizations are demanding Iraq to financial compensation, on the grounds that they have been affected by the 1991 war for Kuwait.

He noted that Iraq was able to pay 400 million dollars to the United Nations to settle some of the States that filed lawsuits against Iraq including Kuwait, after the enactment of an act of Parliament authorized the Government to exchange those funds for Iraq.

The President of the Office of financial supervision Abdel Basset Turki said us protection on Iraqi funds will expire in May next year, while excluded from the Iraqi funds in foreign banks threatened that Iraq committed to paying all financial receivables /finished/8/