War: No threat of Iraqi funds in the United States and abroad, and will be managed in Iraq next month
War: No threat of Iraqi funds in the United States and abroad, and will be managed in Iraq next month
Posted, April 3 / April 2014 20:20
[Baghdad where]
Said legal expert Tareq Harb said there was no threat of Iraqi funds in the United States or abroad, and will be the Iraqi Central Bank to control the money next month without the mediation of the Development Fund for Iraq [DFI] or FEDs. ”
He said the war in a statement received by all of Iraq [where] a copy of it today: “Commenting on what reported by some media of the existence of a threat of Iraqi funds after May 22, 2014, the expiration of the entry into force of the decree, U.S. and issuance of UN Security Council Resolution 2107 in 2013, which drove Iraq Chapter VII say that Iraqi money in America was protected by a decree issued by President Bush in 2003 and this decree is renewed annually and was last decree was issued in 2013 and expires on 22 May 2014, which prohibits administrative bodies and judicial U.S. from seizure or confiscation or implementation of any provision relating to money Iraqi.
And remember that “the Iraqi money outside America was protected by UN Security Council resolutions issued under Chapter VII of this protection and concluded with UN Security Council Resolution 1956 on 31/12/2010.
He said the “claims the U.S. for pro-Iraqi terminated under the agreement of the Iraqi American who was approved by parliament and issued Law No. 7 for the year 2011, including paying $ 400 million dollars for the American exchange for dropping and end all lawsuits and claims of U.S. individuals or companies, or any other claims, even if in the future and therefore no risk the Iraqi funds in America.
He noted that Iraqi funds abroad was the biggest threat to her claim Kuwait Airways and this has been settled by agreement with the Kuwaiti company where he was part of the payment of the amounts claimed against the end and dropping lawsuits and verdicts in this regard and actually got it.
He noted that Iraqi funds abroad were lifted protect them since the UN Security Council resolution 1956 of 2010, however there are no large claims or seriously threatens the money evidenced by expiration of a period of more than two years and Iraqi money without protection and there are no claims of serious or significant.
He continued, “All claims and lawsuits relating to the former regime and the remainder of which 5% of the compensation to the 1991 war where deducted from imports of Iraqi oil under the UN Security Council resolution and these claims and this percentage will be paid back the entire year and ending in 2015.
And between “each of the foregoing, there is no threat of Iraqi funds in the United States or abroad when he takes the Iraqi Central Bank to control the money next month without the mediation of the Development Fund for Iraq [DFI] or FEDs without any risk of a serious threat to the money whether Decree U.S. New or not issued.
The specialists in economic affairs has voiced fears of the possibility that Iraqi funds abroad to detention or confiscation, if Iraq did not improve the management of this file after the lifting of the U.S. trusteeship by the end of next May.
It was Barack Obama, the U.S. president, said last year that the U.S. administration would not extend guardianship, calling on Iraq to solve the financial problems with creditors abroad. Ended
alliraqnews.com
