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Iraqi's (et al): Iraqi funds are protected and do not need to renew protection
By Adminmo eight four 19/5/2014
Et al - Saadi Youssef
Said a member of the Finance Committee for the Iraqi List Hassan Suleiman said Iraq had already paid last year, $ 500 million in interest for the Iraqi funds in America.
He said Solomon in a statement singled out by the Agency for News News (et) that these funds are protected by the agreement with the United States nor Iraq needs to renew being fulfilled its debts with Kuwait as the seventh item, and this money will go back to Iraq and to the Central Bank and forwarded to the Ministry of Finance for the purpose of entering into budget.
The twenty-second of May of each year, the date the annual renewal of the extension of the protection of Iraqi funds in the United States, which amounts to a total value of approximately 180 billion dollars is renewed every year on the same date has already and that Iraq's request of the U.S. administration for three consecutive times to protect his money deposited in U.S. banks for the years from 2011 to 2014, especially after fulfilling its obligations to creditors while Iraq is the countries that have crossed a lot of debt that Bzmtha and finished from that debt to more than 43 countries and the rest of the approximately eight countries will be met with the repayment, according to the agreements signed in the Paris Club.
However, near the due date and the Ministry of Finance confirmed that Iraq will ask the U.S. side to protect him renew his money deposited in U.S. banks, to assume the responsibility of the Iraqi Central Bank management after the withdrawal of Iraq from the provisions of Chapter VII of the Charter of the United Nations.
The Central Bank of Iraq, Iraq's ability to protect those funds, especially since he plans in advance for how to manage them and defend them under the regulations and international conventions.
said the former deputy governor of the central bank, the appearance of Mohammed Saleh, said that "Iraq has met its obligations to creditors who appeared after the year 2003, whether they are governments or traders or businessmen, according to the Paris Club agreement, the judge, to pay 20 percent of the amounts owed by him in the form of payments for waiver of those actors about 80 percent, or 10 percent cash payment in exchange for ceding 90 percent.
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