Saturday, January 15, 2011

Iraq protect its funds abroad: $235 Million Paid a Month

January 14th, 2011 06:19 pm

$ 235 million paid by Baghdad a month for compensation
BAGHDAD – morning
The Government announced the cut plan prepared by the court for the protection of Iraqi funds abroad after the end of the international immunity to the money end of next June, «stages of the task».
This plan includes, according to reported sources for »morning» from Foreign Minister Hoshyar Zebari, while attending the parliament session yesterday, the preparation of a team of experts and lawyers with long experience in such cases to thwart any claims illegally acting against these funds, in addition to the agreement with the Council UN Security to move quickly on any similar trends.
It is said that the UN Security Council has extended the immunity to Iraqi funds until the thirtieth of June. The sources indicated that the plan initiated by the government and will be implemented to take a line upward, includes a committee of representatives from the Ministries of Foreign Affairs, Finance and Planning, in addition to the Central Bank and the Office of Financial Supervision, and advisers in the prime minister.
In addition, sources disclosed to pay Iraq $ 43 billion dollars in compensation as a result of policies reckless system dictatorial, of which 19 billion for the State of Kuwait, and the rest for different companies. She noted, citing also the Minister Zebari said Iraq was paying a monthly amount of $ 235 million in compensation, which tired the general budget of the country , noting that Iraq has a new plan to phase out this compensation, so at the same time meet its international obligations and fails any new moves to collect damages, especially that many of the claims of the companies and the countries of the investigations have proved false.
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