Recovery of frozen Iraqi funds

Admin Sat Jul 07, 2012 10:06 pm

07/08/2012 0:00

BAGHDAD - Al Sabah

Proposed economic expert on behalf of Jamil Antoine, the formation of committees of 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 (: Since Iraq is a member of the Organization of the international community is subject to international laws and regulations and can not be committed, 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 to 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.

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