Central distribute Iraqi funds abroad between different banks
Central distribute Iraqi funds abroad between different banks
Tuesday, April 8th, 2014 16:40
BAGHDAD / Baghdadi News / .. Central Bank has taken swift action to protect Iraqi funds abroad include distributed between different banks for the purpose of protecting it from creditors by some doubtful debts, after the U.S. government announced
United expiration of the protection of Iraqi funds in the coming May 22
The MP said the parliamentary Finance Committee Abdul-Hussein al-Yasiri, Tuesday, L / Baghdadi News / “The Iraqi Central Bank has taken a series of measures recently aimed at protecting Iraqi funds and deposits outside the country.”
“The bank decided to distribute the Iraqi deposits on various banks abroad in order to protect them,” explaining that “deposit funds listed are a sovereign state and can not point to dispose of them at all.”
He added that “the United States to reconsider those funds within a year prior agreement with the Iraqi government, but that the period of protection of Iraqi funds over the previous years ending in May 22 next year.”
The officials at the central bank met a week ago with international consultants to develop legal mechanisms and some financial procedures in order to avoid the possibility of booking money by some creditors for doubtful debts in Iraq who are trying to harass using legal means. / End / 21
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