##### Calls for the central bank to take over the protection of Iraqi funds file
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##### Calls for the central bank to take over the protection of Iraqi funds file
Admin Wed Jun 19, 2013 8:37 pm
06/20/2013 1:50 am
Baghdad - Mostafa Hashemi
Economists called the Iraqi Central Bank to prepare from now to take file protection of Iraqi funds in banks in the United States of America and to take appropriate action to close this file and restore the sovereignty of the country's money.
U.S. President Barack Obama announced the middle of last month to extend the period of legal protection for the Development Fund for Iraq and some other Iraqi assets in the United States of America.
And shape Iraq Hamaihalamwal Fund DFI under UN Security Council Resolution 1483 to protect Iraqi funds from international claims after the events of 2003, and since that time, Iraq requested extension of protection to his money because undergoing Chapter VII of the UN Charter.
Economic and academic called Essam المحاويلي, because the central bank is poised and since now directly own procedures to close this file and return the money to the Iraq or transferred to other foreign banks under the supervision of the government to protect them from foreign claims.
He said in a statement (morning) that it is not reasonable to the survival of Iraqi funds of this size in the outer banks for a longer period, pointing to the need to seek to remove Iraq from Chapter VII and regain control of his money again. He pointed out that the central bank is able to protect the funds from external creditors claims he has a good experience and competencies.
He pointed to the need to take measures and precautions of a new potential creditors after the transfer of funds to Iraqi sovereignty because there are demands illegal and fraudulent central bank must pay attention to them.
For his part, member of the Parliamentary Economic Commission MP Amer winner that Iraq is able to protect and control of his money when he emerges from Chapter VII.
He said the winner told the (morning) that there are companies and institutions and people eagerly awaiting the withdrawal of Iraq from Chapter VII to demand their money and lawsuits against him.
Unlikely that Iraq would refuse to pay money to companies supported the former regime in suppressing the people.
He cautioned that such claims will be taking in accordance with international law and will resolve the judiciary proceedings in favor of the companies that have the strongest arguments, stressing the need to give this issue of paramount importance because it is Iraqi money and will benefit the people, when Iraq regains control.
He said Iraq now need to invest this money in infrastructure projects and reconstruction, but it depends on the exit of Iraq from Chapter VII.
Calling for the need to resolve this file as soon as possible because it represents the restoration of prestige Iraq represented to regain control of his money discretion placed under American tutelage, under the supervision of the United Nations for years.
http://www.alsabaah.iq/ArticleShow.aspx?ID=48676
Baghdad - Mostafa Hashemi
Economists called the Iraqi Central Bank to prepare from now to take file protection of Iraqi funds in banks in the United States of America and to take appropriate action to close this file and restore the sovereignty of the country's money.
U.S. President Barack Obama announced the middle of last month to extend the period of legal protection for the Development Fund for Iraq and some other Iraqi assets in the United States of America.
And shape Iraq Hamaihalamwal Fund DFI under UN Security Council Resolution 1483 to protect Iraqi funds from international claims after the events of 2003, and since that time, Iraq requested extension of protection to his money because undergoing Chapter VII of the UN Charter.
Economic and academic called Essam المحاويلي, because the central bank is poised and since now directly own procedures to close this file and return the money to the Iraq or transferred to other foreign banks under the supervision of the government to protect them from foreign claims.
He said in a statement (morning) that it is not reasonable to the survival of Iraqi funds of this size in the outer banks for a longer period, pointing to the need to seek to remove Iraq from Chapter VII and regain control of his money again. He pointed out that the central bank is able to protect the funds from external creditors claims he has a good experience and competencies.
He pointed to the need to take measures and precautions of a new potential creditors after the transfer of funds to Iraqi sovereignty because there are demands illegal and fraudulent central bank must pay attention to them.
For his part, member of the Parliamentary Economic Commission MP Amer winner that Iraq is able to protect and control of his money when he emerges from Chapter VII.
He said the winner told the (morning) that there are companies and institutions and people eagerly awaiting the withdrawal of Iraq from Chapter VII to demand their money and lawsuits against him.
Unlikely that Iraq would refuse to pay money to companies supported the former regime in suppressing the people.
He cautioned that such claims will be taking in accordance with international law and will resolve the judiciary proceedings in favor of the companies that have the strongest arguments, stressing the need to give this issue of paramount importance because it is Iraqi money and will benefit the people, when Iraq regains control.
He said Iraq now need to invest this money in infrastructure projects and reconstruction, but it depends on the exit of Iraq from Chapter VII.
Calling for the need to resolve this file as soon as possible because it represents the restoration of prestige Iraq represented to regain control of his money discretion placed under American tutelage, under the supervision of the United Nations for years.
http://www.alsabaah.iq/ArticleShow.aspx?ID=48676
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