CBI completed the legal procedures to protect funds
June 13, 2011
CBI completed the legal procedures to protect his money from Washington
13/06/2011 12:33
Baghdad, June 13 (Rn) – The Central Bank of Iraq that Iraq has completed all legal procedures and bank intervention to protect Iraqi funds in the White House until next June.
Prime Minister Nuri al-Maliki had said earlier that Iraqi money still at risk unless it is accelerated legal requirements to protect the White House to the Iraqi funds.
The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “Iraq has now completed all legal procedures and cash to become the Iraqi funds in the protection of the White House until next June for fear of manipulation of trade creditors counterfeiters.”
He added that “the protection of the White House about the risk of manipulation of Iraqi money for a year before the creditors and businesses that claim to have financial problems with the former regime.”
He said, “The Committee to Protect Iraqi funds to be discussed during this year of ways to get rid of the prosecution of trade creditors and the provision of bank accounts of the proceeds of Iraqi oil.”
He said the Iraqi Central Bank’s decision to the President of the United States President Mttmlp Oopapa money on the protection of Iraqi oil revenues, especially the applicant bank’s federal block the path of trade creditors.
On 6 March the central bank stressed that Iraq follow the high-level political economic repayment of the debt they did not encounter legal problems.
It was announced on 23 February, the CBI said Iraq’s debt paid 3 thousand and five hundred creditor commercial value of 2.7 billion dollars as a means to protect his money from the manipulation of foreign trading companies.
It is hoped that Iraq shall submit to the UN Security Council a detailed report in May next looks for the most important pillars of the protection of Iraqi funds.
Revealed the Iraqi Finance Ministry on the seventh of January last, the work of the Committee to Protect Iraqi funds abroad would be a secret to avoid fictitious companies which Iraq claims it requests funds.
The Ministry of Finance of Iraq, the first of last January that the Commission on technical government Ttolt the development of mechanisms to protect Iraqi funds in foreign banks after the UN Security Council resolution mid-November last, who spent lifting of protection for the money to Iraq the end of June next.
The UN Security Council voted unanimously in mid-January last three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and cancel the oil for food program, also extended the immunity of and for the last phase compensation imposed under Chapter VII until the end of June / June.
The former Iraqi president Saddam Hussein ordered the invasion of Kuwait in 1990,
The effect that imposed sanctions on Iraq from the international community and put under Chapter VII, which makes it a country threatening world peace and security.
Included international sanctions prevented the import of chemicals and nuclear technology that could be used in a secret nuclear programs, chemical and biological weapons.
Has allowed the United Nations in 1995 for Iraq to sell oil in return for food, called “oil-for lunch (food)”.
June 13, 2011
CBI completed the legal procedures to protect his money from Washington
13/06/2011 12:33
Baghdad, June 13 (Rn) – The Central Bank of Iraq that Iraq has completed all legal procedures and bank intervention to protect Iraqi funds in the White House until next June.
Prime Minister Nuri al-Maliki had said earlier that Iraqi money still at risk unless it is accelerated legal requirements to protect the White House to the Iraqi funds.
The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “Iraq has now completed all legal procedures and cash to become the Iraqi funds in the protection of the White House until next June for fear of manipulation of trade creditors counterfeiters.”
He added that “the protection of the White House about the risk of manipulation of Iraqi money for a year before the creditors and businesses that claim to have financial problems with the former regime.”
He said, “The Committee to Protect Iraqi funds to be discussed during this year of ways to get rid of the prosecution of trade creditors and the provision of bank accounts of the proceeds of Iraqi oil.”
He said the Iraqi Central Bank’s decision to the President of the United States President Mttmlp Oopapa money on the protection of Iraqi oil revenues, especially the applicant bank’s federal block the path of trade creditors.
On 6 March the central bank stressed that Iraq follow the high-level political economic repayment of the debt they did not encounter legal problems.
It was announced on 23 February, the CBI said Iraq’s debt paid 3 thousand and five hundred creditor commercial value of 2.7 billion dollars as a means to protect his money from the manipulation of foreign trading companies.
It is hoped that Iraq shall submit to the UN Security Council a detailed report in May next looks for the most important pillars of the protection of Iraqi funds.
Revealed the Iraqi Finance Ministry on the seventh of January last, the work of the Committee to Protect Iraqi funds abroad would be a secret to avoid fictitious companies which Iraq claims it requests funds.
The Ministry of Finance of Iraq, the first of last January that the Commission on technical government Ttolt the development of mechanisms to protect Iraqi funds in foreign banks after the UN Security Council resolution mid-November last, who spent lifting of protection for the money to Iraq the end of June next.
The UN Security Council voted unanimously in mid-January last three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and cancel the oil for food program, also extended the immunity of and for the last phase compensation imposed under Chapter VII until the end of June / June.
The former Iraqi president Saddam Hussein ordered the invasion of Kuwait in 1990,
The effect that imposed sanctions on Iraq from the international community and put under Chapter VII, which makes it a country threatening world peace and security.
Included international sanctions prevented the import of chemicals and nuclear technology that could be used in a secret nuclear programs, chemical and biological weapons.
Has allowed the United Nations in 1995 for Iraq to sell oil in return for food, called “oil-for lunch (food)”.