U.S. claims to extend protection to Iraqi funds
U.S. claims to extend protection to Iraqi funds
03/18/2014
BAGHDAD / JD / .. warned the parliamentary Finance Committee exposure of Iraqi funds deposited in foreign banks threatened by some countries and traders who are demanding financial compensation Iraq.
A member of the committee MP Hassan al-Bayati told / JD /: “The Iraqi funds deposited in foreign banks if they were not under the tutelage by the United States will experience that money to the threat of confiscation, the fact that there are countries, traders and organizations are demanding Iraq seeking monetary damages, arguing that they have been affected war Kuwait in 1991. ”
He pointed out: that Iraq was able to pay 400 million dollars to the United Nations to settle accounts by some states filed lawsuits against Iraq, including Kuwait, after the enactment of Parliament authorized the government to spend that money owed by Iraq.
The President of the Office of Financial Supervision Abdul Basit Turki stressed that the U.S. protection of Iraqi funds will end next May, while the exposure was excluded from Iraqi funds in foreign banks to the threat that Iraq committed itself to pay all dues financial implications. / End / 8 /
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