View Full Version : Financial: agreement with America to protect Iraqi funds abroad

Hue Mi
04-25-2014, 12:16 AM
Financial: agreement with America to protect Iraqi funds abroad (http://www.uragency.net/economy/1257-2014-04-24-14-18-25.html)


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The parliamentary Finance Committee announced that Iraq had agreed with the United States should not accept Washington's case against Iraq from creditor Nations especially that Iraq has most debt liquidation, funds uncloak recently in global banks will allocate to investment or maintain.

A member of the Finance Committee Secretary Hadi Iraqi Central Bank with Finance Ministry signed an agreement with u.s. financial authorities, given that most funds raised by existing protection there is agreement not to accept America's case against Iraq in respect of the debt.

Hadi noted that Iraq has most debt liquidation and there are many who want to make use of these funds by proving that they are affected at the time the debt was liquidated.

And that Iraq had taken all the necessary precautions and to ensure that countries, companies or persons to use these funds to exit Iraq from Chapter VII guarantee him keep his money abroad without the use of other States.

He disclosed that Iraqi money that was uncloak and estimated at 180 billion dollars in foreign banks in America in addition to Paris and the other would be to invest in or maintain an existing oil revenue funds abroad.

The debt agency Finance Minister Safaa NET in the presence of the Governor of the Central Bank of Iraq in the Iraqi Embassy in the United States with the legal adviser of the Ministry of finance from Cleary kotlb developing procedures that would protect Iraqi funds abroad and to be implemented by the Iraqi Government after the end of the period of immunity on 22/5/2014.

04-25-2014, 02:14 PM
Is this saying Iraq has 180 Billion US dollars in American and Paris Banks ???? and will be re-least to Iraq on May 22nd this year... WOW !

04-25-2014, 02:26 PM
I assume this is including the DFI..

04-25-2014, 06:13 PM
Probably ... but wouldn't it go into the CBI...?? that would sure up tier reserves !!! ..and possibly their exchange rate !! ..