Sunday, April 17, 2011

Central Bank Adviser: Iraq Did Not Request the Extension of International Protection of Assets

In a statement issued by his Office called alngivi during a meeting with the Office of financial supervision need to provide the necessary protection of Iraqi funds in the Security Council decide to lift the protection.

Iraqi Central Bank Adviser Mohammed Saleh, the appearance of the Security Council passed a resolution to end the Iraqi funds protection end of June, and this requires Iraq to submit a report to the Security Council in early May which shows next which will protect the property mechanism.

Saleh said that Iraq’s concerns stemmed from commercial creditors who refused any financial settlement on Iraq’s debts
in 2006 according to the Paris Club in 2004, where he settled debts with approximately 13,000 commercial creditor and its debt reduction of $22 billion to 2 billion and 700 million dollars.

Saleh expressed his optimism with a proposal or initiative launched by the US President is in the light of the remaining debt settlement with creditors sums, and therefore does not receive any international courts raises debt issue on Iraq future or his arrest.

He fit that Bill Iraq has an agreement with the United States on this matter pending legislation before the House.
According to Central Bank Adviser Mohamed Saleh said Iraq appearance dealing in good faith with all creditors despite the debt files dating to 1990, said the Iraqi Government had not made any extension of international protection.
Economic analyst said Hilal altaian Iraqi Government might seek to extend international protection to their six months of instability of the security and political situations. The altaian to major challenges and dangers facing the Iraqi funds after the lifting of international protection and of claims some States debt owed by Iraq.

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