Links - Iraq's Development Fund ... also .. Iraq and U.S. Bank Accounts ~ The Iraqi government opened two accounts at a U.S. bank for the deposit of oil money ... also .. ***May 1st ~ Iraq will present its proposal to the United Nations Security Council for approval ~ Iraq to resume paying war reparations to Kuwait ... May 15, 2011
Experts call for measures to protect Iraq's money before the adjournment of protection by June 30, 2011
Baghdad, - With the deadline to lift protection from Iraqi money to invite experts representing the private sector and public Iraqi government to take a range of measures to protect them before lifting them protection in the 30 of June, according to the decision of the UN Security Council.
And calls on the Iraqi Central Bank Consultant appearance of Mohammed Saleh to "lobby for the formation of a national and an international at home and abroad contribute to the consolidation of efforts to defend Iraq's right to manage his money and protection."
And adds the benefit of the Kurdistan News Agency (Rn) "The use of the lobby as leverage to creditors and claimants to compensation, with a discussion of available alternatives presented by the Central Bank of the judge to transfer oil revenues to the account of the Iraqi Central Bank in its capacity as independent of the government can not deal with his money as the government funds are subject to confiscation".
He also points out that "the central bank managed to do so by the withdrawal of about $ 53 billion of his money deposited in the Development Fund for Iraq and its deposit in the world's central banks, through the fragmentation and conversion to a variety of currencies to their account."
For his part, stresses the economic expert and former Rep. Mehdi al-Hafez on the importance of the Iraqi government to "call the Ministry of Foreign Affairs to take measures to resolve minor cases to the private sector foreign, amounting to 2.7 billion dollars, noting that the resolution of cases is done through formulas negotiated to ensure the least amount of losses to the Iraqi side."
And confirms the keeper's (Rn) "the need to form a law firm who works in coordination with specialized international law firms to collect and promote transactions compensate Iraqi citizens affected by the repercussions of previous wars."
It shows that "the Iraqi government has a duty to work on putting the file on the General Secretariat of the United Nations from the adoption of all that most of these odious debt and reparations, and that the Iraqi people are not responsible, and assume a violation of human rights."
And expresses the economic expert and member of the House of Representatives about the "concern in the management of the file with high efficiency for the continuation of the political repercussions of conflict and quotas on the strong will of government."
On the other hand invites the Director-General in the Office of Financial Supervision conciliator Abbas to sack the government "paying attention to the need to create an efficient financial management system based on effectiveness in the planning and execution."
He says Shakara's (Rn) that "the Iraqi government to find a comprehensive accounting system and balanced for all government activities is not working in the debt and damages in isolation from other systems, as well as appropriate and reliability of the information that is based on the high degree of certainty."
Indicates the Director-General in the Office of Financial Supervision sack to the existence of "weakness in systems of control of Iraq's debt and payment of compensation, along with the failure of diplomacy in the Iraqi reduction, debt relief and benefits that have not taken a view to development, but paid to finance the war."
In the same context, calls for adviser in the National Investment Commission "to emphasize the government's 1438 decision on the funds of the former regime."
In the opinion of Counsel Zuhair al-Hasani's (Rn) the existence of "the importance in the formation of an international commission to investigate the funds of the former regime and return to Iraq, along with emphasis on the grant of the Madrid Conference, amounting to 32 billion dollars and waste the money."
The adviser to the National Investment Commission that "the grant of the Madrid Conference, of which $ 17 billion dollars to Iraq, sparked by the President of the Financial Inspection Office told the House of Representatives during hosted at a previous meeting," said afterthought "in addition to nine billion dollars are being congressional investigation with the civil administrator of Iraq Paul Bremer".
And Counsellor-Hassani on the need to "agreements like the Convention on settlement of debts between the Republic of Iraq and the Government of the United States voted on by the House of Representatives in recent sessions, as well as the importance of recourse to the Bank for International Settlements to extinguish the claims and compensatory trade."
The Development Fund for Iraq established by resolution 1483, shall be deposited by all the funds of Iraq's oil revenues and seized funds prior to 2003, and deducted from 5% to pay compensation to Kuwait, and Resolution 960 issued by the Security Council set June 30as the date for the abolition of the Development Fund , and let the Iraqi government to act in oil revenues.
The former Iraqi regime invaded Kuwait in 1990, which ended on February 26, 1991 the United States to intervene militarily to end the incursion, which lasted about seven months.
And left behind the invasion and outstanding problems between the two countries, including oil fields in common between the two sides, as well as other problems relating to missing persons and Kuwaiti war reparations to Kuwait and the demarcation of the border.
According to the UN Security Council Resolution 1483, these funds which are protected from any claims or legal proceedings against Iraq, especially that there are a lot of trade creditors, individuals and companies are seeking compensation because of being affected by the events in Kuwait in 1990, according to specialists.
Iraq had only files of more than 13 thousand and 160 commercial creditors in 2006, was done according to the Paris Club terms.
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Experts call for measures to protect Iraq's money before the adjournment of protection by June 30, 2011
Baghdad, - With the deadline to lift protection from Iraqi money to invite experts representing the private sector and public Iraqi government to take a range of measures to protect them before lifting them protection in the 30 of June, according to the decision of the UN Security Council.
And calls on the Iraqi Central Bank Consultant appearance of Mohammed Saleh to "lobby for the formation of a national and an international at home and abroad contribute to the consolidation of efforts to defend Iraq's right to manage his money and protection."
And adds the benefit of the Kurdistan News Agency (Rn) "The use of the lobby as leverage to creditors and claimants to compensation, with a discussion of available alternatives presented by the Central Bank of the judge to transfer oil revenues to the account of the Iraqi Central Bank in its capacity as independent of the government can not deal with his money as the government funds are subject to confiscation".
He also points out that "the central bank managed to do so by the withdrawal of about $ 53 billion of his money deposited in the Development Fund for Iraq and its deposit in the world's central banks, through the fragmentation and conversion to a variety of currencies to their account."
For his part, stresses the economic expert and former Rep. Mehdi al-Hafez on the importance of the Iraqi government to "call the Ministry of Foreign Affairs to take measures to resolve minor cases to the private sector foreign, amounting to 2.7 billion dollars, noting that the resolution of cases is done through formulas negotiated to ensure the least amount of losses to the Iraqi side."
And confirms the keeper's (Rn) "the need to form a law firm who works in coordination with specialized international law firms to collect and promote transactions compensate Iraqi citizens affected by the repercussions of previous wars."
It shows that "the Iraqi government has a duty to work on putting the file on the General Secretariat of the United Nations from the adoption of all that most of these odious debt and reparations, and that the Iraqi people are not responsible, and assume a violation of human rights."
And expresses the economic expert and member of the House of Representatives about the "concern in the management of the file with high efficiency for the continuation of the political repercussions of conflict and quotas on the strong will of government."
On the other hand invites the Director-General in the Office of Financial Supervision conciliator Abbas to sack the government "paying attention to the need to create an efficient financial management system based on effectiveness in the planning and execution."
He says Shakara's (Rn) that "the Iraqi government to find a comprehensive accounting system and balanced for all government activities is not working in the debt and damages in isolation from other systems, as well as appropriate and reliability of the information that is based on the high degree of certainty."
Indicates the Director-General in the Office of Financial Supervision sack to the existence of "weakness in systems of control of Iraq's debt and payment of compensation, along with the failure of diplomacy in the Iraqi reduction, debt relief and benefits that have not taken a view to development, but paid to finance the war."
In the same context, calls for adviser in the National Investment Commission "to emphasize the government's 1438 decision on the funds of the former regime."
In the opinion of Counsel Zuhair al-Hasani's (Rn) the existence of "the importance in the formation of an international commission to investigate the funds of the former regime and return to Iraq, along with emphasis on the grant of the Madrid Conference, amounting to 32 billion dollars and waste the money."
The adviser to the National Investment Commission that "the grant of the Madrid Conference, of which $ 17 billion dollars to Iraq, sparked by the President of the Financial Inspection Office told the House of Representatives during hosted at a previous meeting," said afterthought "in addition to nine billion dollars are being congressional investigation with the civil administrator of Iraq Paul Bremer".
And Counsellor-Hassani on the need to "agreements like the Convention on settlement of debts between the Republic of Iraq and the Government of the United States voted on by the House of Representatives in recent sessions, as well as the importance of recourse to the Bank for International Settlements to extinguish the claims and compensatory trade."
The Development Fund for Iraq established by resolution 1483, shall be deposited by all the funds of Iraq's oil revenues and seized funds prior to 2003, and deducted from 5% to pay compensation to Kuwait, and Resolution 960 issued by the Security Council set June 30as the date for the abolition of the Development Fund , and let the Iraqi government to act in oil revenues.
The former Iraqi regime invaded Kuwait in 1990, which ended on February 26, 1991 the United States to intervene militarily to end the incursion, which lasted about seven months.
And left behind the invasion and outstanding problems between the two countries, including oil fields in common between the two sides, as well as other problems relating to missing persons and Kuwaiti war reparations to Kuwait and the demarcation of the border.
According to the UN Security Council Resolution 1483, these funds which are protected from any claims or legal proceedings against Iraq, especially that there are a lot of trade creditors, individuals and companies are seeking compensation because of being affected by the events in Kuwait in 1990, according to specialists.
Iraq had only files of more than 13 thousand and 160 commercial creditors in 2006, was done according to the Paris Club terms.
http://translate.google.com/translate?act=url&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&u=http://www.aknews.com/ar/aknews/2/239799/
