Expert: recovery of Iraqi funds frozen in the banks, the global need for an international resolution

07-07-2012 | (Voice of Iraq) - Add a comment -
Baghdad (news)

Economic expert, suggested the name Jamil Antoine, the formation of committees for legal and financial negotiations with the Council of the International Union for the lifting of restrictions on Iraqi funds deposited in international banks and retrieval.
Said Antoine (of the Agency news) on Saturday: that Iraq is a member of the international community is subject to international laws and regulations and can not go against it, referring to the Iraqi funds deposited abroad imposed by the restrictions not to be disposed of by the United Nations needs a decision of an international right dispose of them.

He added that international negotiations are not easy but you need to form committees and have international experience, both from the Central Bank or the Ministry of Finance and legal entities able leadership or power of attorney points of international legal jurisdiction over this action to negotiate with the United Nations to lift restrictions on Iraqi funds.

He explained: When the issuance of the international resolution of Iraq will be able to retrieve his money and acting in projects that serve the country and the national economy.

The Committee emphasized the parliamentary Finance, earlier in the recovery of Iraq's assets in international banks face a lot of difficulties and needs further study.

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