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Ibrahim stirrup: frozen funds should be invested in the construction and reconstruction

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Ibrahim stirrup: frozen funds should be invested in the construction and reconstruction

02-07-2013
A member of the Economic Commission Ibrahim stirrup, the importance of the Iraqi invest the money recovered after the withdrawal of Iraq from Chapter VII in the construction and reconstruction and strengthen the Central Bank's reserves of hard currency.

He said stirrup (of the Agency news): that after the withdrawal of Iraq from Chapter VII may recover his money frozen, estimated at about 82 billion dollars, indicating that Iraq needs a lot of investment and this money should be invested in the construction of the Iraqi economy and reconstruction of infrastructure and possible keep it as a reserve currency at the central bank.

He added: that Iraq would emerge from Chapter VII and penalties will give him contracts with international companies sober compete for work in Iraq and investing in it, plus there is a large international banks will enter the country to contribute to the provision of facilities to the investment and development companies in the country
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