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A former official at the bank: Iraq's creditors some of their money to special sold «hunters fortunes»
20/05/2014
A former official at the bank: Iraq's creditors some of their money to special sold «hunters fortunes»
Baghdad Muhammad Zuhairi .. The Deputy Governor of the Central Bank of the past that do not worries about the fate of Iraqi funds deposited in the bank and the U.S. Federal Iraq allocated 21 billion dollars to pay private creditors, but he does not know how many.
Pointing to some creditors have sold their money into "hunters wealth," while the abstention in the parliamentary finance committee for the modern in this matter because it is "confusing" monetary policy in the country, according to his belief.
And established the Development Fund for Iraq (DFI) of the U.S. Federal Bank under UN Security Council Resolution No. 1483, for the protection of Iraqi funds from international claims or seized after 2003.
Deputy says former central bank governor, the appearance of Mohammed Saleh, said in an interview with "the world" that the reason for protection mode on the funds deposited in the United States is to protect them from the "complaints trade creditors."
He adds that the benefit of "debt imposed on Iraq has been settled in the Paris Convention," stressing "extinguish the debt of the private sector being a small debt does not exceed 35 million dollars."
He explains that "the settlement took place at approximately 21 billion dollars of the debt of the private sector in 2006, in addition to the issuance of bonds to pay 2028 Iraqi interest rate of 8.5 percent in trading today's global marketplace."
He says that "in the fifteenth of December of 2010, filed for guardianship of Iraqi funds, including the tutelage of the International Committee of control and verification, which resulted in the protection of the United States to raise funds for Iraq."
He continues that "Iraq's money in the Fed reserved in the Development Fund for Iraq in the U.S. Federal Bank."
He stressed that these funds "managed by the Central Bank of Iraq."
He also points out that there are in favor of the protection of Iraqi funds accompaniment, is "the protection of the Presidential Order issued pursuant to the U.S. under the emergency law and the U.S. as the U.S. occupied Iraq, so it requires them to protect his money."
He says that "this protection renewed three times during the past years, ending on 22 of this month," pointing out that this protection was at the request of the Iraqi government, "because she was wary of some trade creditors, who are working in the foreign private sector."
And expresses its appearance in favor of the belief that "the government will not renew the request protection in the current year."
He also points out that "despite the fact that Iraq was allocated 21 billion dollars to pay off creditors [special], but it does not know how many."
He continues, "Some creditors have obtained court rulings," while others sold its assets to the "wealth hunters", people who purchase the debt at 10 percent of its value and keeps calling him forever.
He and former deputy governor of the Iraqi Central Bank believed "the absence of an Iraqi amounts worth Reservation, although there are a few do not affect the movement of money and streamline converted to Iraq."
And asserts that "all funds belonging to Iraq found at the Federal Reserve in New York."
He said that the Fed operates according to the "central coupon is open to the CBI."
Does not see the benefit of any reason to fear "from these actions," because, he explains, "is engaged within the self-protection."
Although Saleh says that "this does not prevent the exposure of funds business here or there into custody," but he emphasizes that this is "not threaten the interests of Iraq."
He concludes, deputy governor of the Central Bank of the previous speech by saying that "there is a group belonging to the Iraqi Ministry of Justice is working in coordination with a group of international lawyers to protect the interests of Iraq," describing this group as "professional," and that it "is keen on the interests of Iraq."
But MP Abdul Hussein al-Yasiri, a member of the parliamentary finance committee, refused to talk about the Iraqi funds deposited in New York and procedures protection, because he sees that "the statement leaves significant impact would confuse the reality of monetary policy in the country," as he put it, though, that putting money deposited in the account Enyork Iraq have nothing to do with "fiscal policy" in Iraq.
Agree Controller, Ahmad Acoli, with the appearance of favor in that "the funds in U.S. banks do not need to protect," because he sees "far from danger."
Acoli said "the world" that "the Iraqi accounts in the U.S. Federal Reserve, consisted of Iraqi oil revenue, and the accounts of the central bank."
He added that "the debt of governments on Iraq, represented by members of the Paris Club," and that "the protection that were imposed on Iraq in the past, funds have been the decision of the U.S." because it was in danger.
The Minister of Finance Agency, purity of net debt, announced last month that the Iraqi government is seeking to settle the full debt owed them by the Paris Club agreement.
He added that the net debt to Iraq ended three and forty countries while negotiations are under way to repay the debt to the rest of the eight countries only. Finished / 3
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20/05/2014
A former official at the bank: Iraq's creditors some of their money to special sold «hunters fortunes»
Baghdad Muhammad Zuhairi .. The Deputy Governor of the Central Bank of the past that do not worries about the fate of Iraqi funds deposited in the bank and the U.S. Federal Iraq allocated 21 billion dollars to pay private creditors, but he does not know how many.
Pointing to some creditors have sold their money into "hunters wealth," while the abstention in the parliamentary finance committee for the modern in this matter because it is "confusing" monetary policy in the country, according to his belief.
And established the Development Fund for Iraq (DFI) of the U.S. Federal Bank under UN Security Council Resolution No. 1483, for the protection of Iraqi funds from international claims or seized after 2003.
Deputy says former central bank governor, the appearance of Mohammed Saleh, said in an interview with "the world" that the reason for protection mode on the funds deposited in the United States is to protect them from the "complaints trade creditors."
He adds that the benefit of "debt imposed on Iraq has been settled in the Paris Convention," stressing "extinguish the debt of the private sector being a small debt does not exceed 35 million dollars."
He explains that "the settlement took place at approximately 21 billion dollars of the debt of the private sector in 2006, in addition to the issuance of bonds to pay 2028 Iraqi interest rate of 8.5 percent in trading today's global marketplace."
He says that "in the fifteenth of December of 2010, filed for guardianship of Iraqi funds, including the tutelage of the International Committee of control and verification, which resulted in the protection of the United States to raise funds for Iraq."
He continues that "Iraq's money in the Fed reserved in the Development Fund for Iraq in the U.S. Federal Bank."
He stressed that these funds "managed by the Central Bank of Iraq."
He also points out that there are in favor of the protection of Iraqi funds accompaniment, is "the protection of the Presidential Order issued pursuant to the U.S. under the emergency law and the U.S. as the U.S. occupied Iraq, so it requires them to protect his money."
He says that "this protection renewed three times during the past years, ending on 22 of this month," pointing out that this protection was at the request of the Iraqi government, "because she was wary of some trade creditors, who are working in the foreign private sector."
And expresses its appearance in favor of the belief that "the government will not renew the request protection in the current year."
He also points out that "despite the fact that Iraq was allocated 21 billion dollars to pay off creditors [special], but it does not know how many."
He continues, "Some creditors have obtained court rulings," while others sold its assets to the "wealth hunters", people who purchase the debt at 10 percent of its value and keeps calling him forever.
He and former deputy governor of the Iraqi Central Bank believed "the absence of an Iraqi amounts worth Reservation, although there are a few do not affect the movement of money and streamline converted to Iraq."
And asserts that "all funds belonging to Iraq found at the Federal Reserve in New York."
He said that the Fed operates according to the "central coupon is open to the CBI."
Does not see the benefit of any reason to fear "from these actions," because, he explains, "is engaged within the self-protection."
Although Saleh says that "this does not prevent the exposure of funds business here or there into custody," but he emphasizes that this is "not threaten the interests of Iraq."
He concludes, deputy governor of the Central Bank of the previous speech by saying that "there is a group belonging to the Iraqi Ministry of Justice is working in coordination with a group of international lawyers to protect the interests of Iraq," describing this group as "professional," and that it "is keen on the interests of Iraq."
But MP Abdul Hussein al-Yasiri, a member of the parliamentary finance committee, refused to talk about the Iraqi funds deposited in New York and procedures protection, because he sees that "the statement leaves significant impact would confuse the reality of monetary policy in the country," as he put it, though, that putting money deposited in the account Enyork Iraq have nothing to do with "fiscal policy" in Iraq.
Agree Controller, Ahmad Acoli, with the appearance of favor in that "the funds in U.S. banks do not need to protect," because he sees "far from danger."
Acoli said "the world" that "the Iraqi accounts in the U.S. Federal Reserve, consisted of Iraqi oil revenue, and the accounts of the central bank."
He added that "the debt of governments on Iraq, represented by members of the Paris Club," and that "the protection that were imposed on Iraq in the past, funds have been the decision of the U.S." because it was in danger.
The Minister of Finance Agency, purity of net debt, announced last month that the Iraqi government is seeking to settle the full debt owed them by the Paris Club agreement.
He added that the net debt to Iraq ended three and forty countries while negotiations are under way to repay the debt to the rest of the eight countries only. Finished / 3
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