##### Ibrahim stirrup: Iraqi funds abroad at risk and must extend the protection of U.S.

26-05-2013 12:31 PM


Baghdad (news) .. Member of the Committee called for the economy and investment MP / National Alliance / Ibrahim stirrup, the need to extend the U.S. protection of Iraqi funds in foreign banks because left unprotected will present the risk.

The deadline agreement between Baghdad and Washington regarding the protection of Iraqi funds abroad that have occurred in the past year will end during the current month.

He said stirrup (of the Agency news): The American Convention on the protection of Iraqi funds and contributed significantly to maintaining Iraq's money in foreign banks, where she was at risk because of the demand by some states to void debt from Iraq.

He added: You must approach the U.S. side to extend again on the protection of Iraqi funds while raising Iraq from Chapter VII, and to preserve the country's money abroad.

It is worth mentioning U.S. President Barack Obama signed in May of last year, an executive order to extend immunity to Iraqi funds in the Development Fund for Iraq for a year, which means that Iraqi funds will remain protected from any lawsuits and fake or genuine by companies or individuals in the United States only.

Iraq has been able over the past few years of scheduling and dropping large amounts of foreign debt as well as the implementation of many of the paragraphs of the decisions of the Paris Club on Iraq's economic status.



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