Date: Thursday, 19/05/2011 8:21
Baghdad / term
At the time of detection when the U.S. President to extend immunity to Iraqi funds, confirmed by a parliamentary committee that the remainder of the debt on Iraq, not to exceed $ 100 billion.
The President announced that Barack Obama has extended a state of emergency in Iraq for an additional year in order to achieve stability in the country.
According to a statement issued by the White House that Obama's work extended the contents of Executive Order No. 13303 which issued by former President George Bush in 2003, declaring a state of emergency in order to protect Iraq's development.
Commission described most of the legal debt owed by Iraq without a real, indicating that 80 percent of the product benefits Tojerip Iraq because of non-payment of dues in time.
He says a member of the Prince Kanani in his statement for "reaching" The American administration's decision came as a result of contract agreement between Washington and Baghdad and approved by the House of Representatives last month.
With point sources familiar with the "scope" the inability to determine the size of debt to Iraq because of the bad policies of the former regime in dealing with the World Bank, predicted that Kanani, "according to the latest statistics, the Iraqi debt is purchased does not exceed $ 100 billion."
And content of the Convention explained Kanani that "Iraq had bought U.S. debt owed by Iraq for 400 million dollars," noting that "in return promised to the President of the United States to extend the immunity to Iraqi funds for another year." And what he says Kanani, a secretary-general stream Liberal parliamentary " The protection does not only include the funds in the United States but extends to Europe, do not implement the decisions of the courts to Iraqi funds "." stressed Kanani that the United States is working to buy the debt of current and future, noting that "the latter referring to claims against Iraq and the United States pledged under the Convention, be paid under the $ 400 million that was paid to vote in the House of Representatives. "
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