FAMILY: I TOLD YOU LONG TIME AGO THAT THE US HAS THE CALL ON THE RV.THIS ARTICLE PROVE IT
SO WHAT WILL HAPPEN IF IRAQ TRY TO RV AND THE US TOLD THEM NO IT IS NOT TIME YET?
WHAT WILL HAPPEN IF PRES O DOESN’T SIGN FOR ANOTHER YEAR? WHAT WILL HAPPEN TO IQD ?
THE MONEY THAT SUPPORT IQD ARE ALL IN THE US AS WE ALL KNOW.
SO WHEN SHABIBI WILL RV? WHEN HIS BOSS TELL HIM SO.AND YES WE ARE THERE.
FAMILY WAKE UP AND SMELL THE TRUTH DELTA :
The end of U.S. protection of Iraqi funds nearing their exposure amid fears of an Iraqi looting under Compensation
Date: Thursday, 04.12.2012 0:42 Baghdad: Naseer Ahmed
Many experts have warned Iraq of the consequences of non-renewal of the protection of U.S. Iraqi funds that will be vulnerable to looting by the fictitious claimants compensation in the words of the CBI.
Economic Committee of the Iraqi Council of Ministers resolution calling on the Prime Minister and the Foreign Ministry to address the U.S. President Obama about the possibility of extending the protection period for the money another year.
And held a special ministerial committee to develop a mechanism to ensure the protection of Iraq’s money in its twentieth meeting on Wednesday morning under the chairmanship of Deputy Prime Minister Dr. Ro Nuri Shaways and the presence of ministers of finance and oil, Justice and President of the Office of Financial Supervision and Governor of Central Bank of Iraq and Clai and Foreign Ministries of Planning and Legal Adviser to the Prime Minister and Advisor Deputy Prime Minister.
The Committee deliberated the procedures and steps to be pursued to protect Iraqi funds and assets deposited abroad, especially with the imminent expiration of the protection provided by the presidential decision the U.S. for these funds and assets until May next year.
Committee adopted a series of resolutions and recommendations to be working out in the forefront of a recommendation to the Council of Ministers to submit a formal request on behalf of the Government of the Republic of Iraq through the Ministry of Foreign Affairs to the U.S. Government to issue a presidential decree again provides protection for Iraqi funds for a new year with effect from 20 May 2012, according to the CBI, decision to the United States President Barack Obama, put the Iraqi funds abroad under American protection,
and to prevent any judicial decisions to freezing or forfeiture under the presence of compensation claims and the resolutions of the debt raised by companies and people, and this protection will continue until the 20 of May next.
and as much as the central bank the size of these funds as large, there are several billion dollars are distributed in a number of countries , in addition to funds of the Development Fund for Iraq, which contains revenue from the sale of oil that vary between 816 billion dollars,
and there is also a $ 52 billion, money belonging to the Central Bank placed in U.S. banks as cover for the Iraqi currency is not subject to the decisions of the freeze.
Central Bank confirmed the words of his deputy, the appearance of Mohammed Saleh, said that Iraq is able to protect his money abroad and own all the ways the defense to stand against some of the exploiters of the situation in Iraq, and what happened after 1990 to file a lawsuit malicious compensation in large amounts, stressing that Iraq is not responsible for the policies committed the former regime, and the follow-up it confirms that most of these cases were unjustly.
Had previously demanded that the Central Bank of Iraq to sign an agreement settling claims with the United States, which stands for Government is now in a critical relation to money that Iraq deposited with it, which will lose the protection of the middle of this year and are offered to confiscation for the settlement of claims of creditors so far does not know the Iraq numbers are not much money huge claim.
and the expert first in the Central Bank of Iraq appearance of Mohammed in a meeting with the (citizen) that this agreement (settlement of claims) came against the backdrop of a decision by congressional U.S. three years ago from now, and who directed specifically for the entire countries that offered to nationals of States United harmed Among these countries, Iraq, where students congressional reservation all Iraqi funds and assets in banks in the interest of judicial decisions of the courts within the United States to pay compensation for so-called victims of harm Americans,
and this has encouraged a large number of Americans, whether citizens or companies to speed up the submission of claims for different right Iraq and a lot of lawsuits and frail and can not be substantiated, but took her way to the courts and Asthsaloa the decisions of the compensation.
He added that the U.S. President then George W. Bush in the last minute, use the right of veto against the decision of congressional and stopped him and asked a friendly settlement with Iraq rather than implement the decision of congressional and Aradw on Iraq this matter
If applied the decision of congressional become a big problem because the plaintiffs in the thousands and the amounts become tens of billions and this is what displays the interests of Iraq to the risk of serious, here’s the request of U.S. President of Iraq to pay $ 400 million in compensation to Grme or so-called claims made by people Taradw harmed, in turn will U.S. President to close View the full stated any proceeding against Iraq in the courts in the future.
revealed the appearance of it is logically not to Iraq of any solution other than the signing of the Settlement Agreement with the United States, because of Iraq’s money, all now in the United States shall be deposited in the Development Fund for Iraq, such as the Reserve Bank Fed by the Security Council resolution 1483 issued in May 2003,
and these funds and money reserve the decision of the Security Council, and in the United States, there is a presidential executive and U.S. President Since 2003 until now protects the money the central bank in America, by presidential decree,
because these funds are managed by the Central Bank of Iraq for the benefit of the Republic of Iraq As a financial agent of the Iraqi state, the problem here is that this coincided with the theme of another Council resolution 1756 on 15.12.2010 where told the Security Council of Iraq to receive his money in the Development Fund for Iraq and found receive what is Altm to protect it after 30/6 / 2011,
the United Nations, demanding always calculates the single one in order to ensure the entry of the accounts of sale of Iraqi oil calculates single to deduct 5% as compensation to the Kuwaiti side, and with resolution 1757 on arms to Iraq and the decision of 1758 on the Memorandum of Understanding of these decisions are supposed to bring Iraq out of Chapter VII and became less the impact in terms of implementation
but have not been to Iraq, a complete departure with regret, and it does not understand the reasons a lot. He added that after 20/5, any Iraqi money in the U.S. In the case of non-payment of Iraq, the $ 400 million for victims of harm Americans, these funds will be subject to the claims of harm and are confiscated,
and here the Agreement is an urgent need to settle the amounts, but the question here and in the case of Iraq paid amount does guarantee us Americans presidential decree a new extension of the protection of Iraqi funds in the United States and protect them from any legal prosecution of creditors,
especially since there are two types of claims in the U.S. the first decisions of the courts for the benefit of commercial creditors and the decisions of the courts in favor of claims hurt, and here of any categories will protect Iraqi money, or both,
because both demand book capital of Iraq for their benefit, and this is what Sthalh Convention and will give consideration literary U.S. president to export a new resolution for the protection of Iraq’s money to trade creditors and the people it is an issue becoming syndrome, most of whom Msthsalin on judicial decisions,
and Iraq does not know their numbers and can keep records in giving us a further extension of protection. and on the size of the Iraqi funds in the United States said look, there are two types of assets, the first exemplified the Development Fund for Iraq and contains proceeds from the sale of Iraqi oil, a balance of moving according to withdrawals
Sometimes contains 7 billions of dollars and sometimes 5 billion and in times more than the 12 billion, or moves per month, and the second category is 40% of the reserves,
Central Bank of Iraq is the cover of the Iraqi currency, estimated at more than $ 50 billion spread over several countries, but the assets of the central bank and put different accounts of the Iraqi government because the bank is able to pull his money out of an incubator freeze we are an independent body which is not a money business and that everyone respects the bank and its funds,
funds that are not subject to reservations and prosecutions. and expert bank said the delegation who went to negotiate in the United States on the agreement included representatives from the Ministry of Finance and Foreign Affairs and the Central Bank Iraq and the Iraqi government.
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