Likely to use the Central Monetary Fund to resolve the debt file
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Said the central bank adviser, that Iraq will use the IMF to end the file of commercial debt after the end of the Trusteeship internationalism on Iraqi funds in June.
And the appearance of Mohammed Saleh said during a statement made by the Agency (Kaniwz) that "the Central Bank of Iraq will use the advice and the opinion of the International Monetary Fund and World Bank to end the file of commercial debt which is supposed to be resolved by Iraq through a clear plan."
He continued that "the Committee set up by Iraq to develop a legal study to prevent any danger to his money, and established a mechanism for coordination between them and the International Monetary Fund to prevent any violation of these funds and in accordance with the Paris Club agreement."
The Paris Club is an informal group of financiers with a membership of 19 countries, most notably the United States, Britain, Australia, Italy, Japan, the Netherlands, Germany, Ireland, provides service to cancel debt for debtor and creditor countries. The IMF had identified the names of those States, with the change of methods of payment of outstanding debt.
Mohammed indicated that "Iraq will continue to grant debt to commercial companies and businessmen who claim that they are asking for Iraq in accordance with international procedures in the payment."
On 6 March last, the central bank that Iraq follow the high political level in the debt economy, it did not face legal problems, as announced on 23 February that Iraq paid the debt 3500 credit commercial value of $ 2.7 billion as a means to protect his money external manipulation businesses. 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 Ministry of Finance on the seventh of January last, the work of the Committee to Protect Iraqi funds abroad will be secret, to avoid the fictitious companies that claim to ask Iraq's money. The Ministry of Finance of Iraq, the first of last January that "the Commission on technical government took over the development of mechanisms to protect Iraqi funds in foreign banks, after the UN Security Council resolution the middle of last November, which would raise the protection of Iraqi funds the end of June next.
And the appearance of Mohammed Saleh said during a statement made by the Agency (Kaniwz) that "the Central Bank of Iraq will use the advice and the opinion of the International Monetary Fund and World Bank to end the file of commercial debt which is supposed to be resolved by Iraq through a clear plan."
He continued that "the Committee set up by Iraq to develop a legal study to prevent any danger to his money, and established a mechanism for coordination between them and the International Monetary Fund to prevent any violation of these funds and in accordance with the Paris Club agreement."
The Paris Club is an informal group of financiers with a membership of 19 countries, most notably the United States, Britain, Australia, Italy, Japan, the Netherlands, Germany, Ireland, provides service to cancel debt for debtor and creditor countries. The IMF had identified the names of those States, with the change of methods of payment of outstanding debt.
Mohammed indicated that "Iraq will continue to grant debt to commercial companies and businessmen who claim that they are asking for Iraq in accordance with international procedures in the payment."
On 6 March last, the central bank that Iraq follow the high political level in the debt economy, it did not face legal problems, as announced on 23 February that Iraq paid the debt 3500 credit commercial value of $ 2.7 billion as a means to protect his money external manipulation businesses. 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 Ministry of Finance on the seventh of January last, the work of the Committee to Protect Iraqi funds abroad will be secret, to avoid the fictitious companies that claim to ask Iraq's money. The Ministry of Finance of Iraq, the first of last January that "the Commission on technical government took over the development of mechanisms to protect Iraqi funds in foreign banks, after the UN Security Council resolution the middle of last November, which would raise the protection of Iraqi funds the end of June next.
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