Extension of International Protection of Iraqi Funds Abroad

Extension of International Protection of Iraqi Funds Abroad

September 21, 2010

BAGHDAD – The Iraqi Press Agency

As the date to lift protection UN for Iraq’s money and decision in the December 31 next, experts expected Financial to extend the United Nations for international protection of Iraqi funds for another year if the survival of Iraq under Chapter VII, and this was confirmed by an expert in the Ministry of Finance Crescent miller who finds that the United Nations has vowed to protect Iraq’s money until the stability of security and political conditions in which he said, adding that the issue of Iraqi debt agent to closing down after the efforts of the Ministry of Finance, which resulted in turning off about 100 billion dollars of that debt, which has only of some Arab countries, The Oil Minister Hussain al-Shahristani said Sunday during a ceremony to sign an agreement with Turkey for the extension of the Convention on the export of Iraqi oil through its territory, that his ministry had included a clause of the Convention confers on the Turkish side the responsibility for protecting Iraqi oil exports from the seizure and confiscation jurisdictions.

And show the finance officials fear the occurrence of Iraqi funds abroad under the influence of claims and lawsuits in the event of a lifting of international protection prior to the settlement of those claims, warns adviser CBI appearance of Mohammed Saleh said Iraq would be subjected to the risk of significant economic is the possibility of seizure of its assets and its oil exports the event raised funds for the UN protection.

In the opinion of a political science professor at the University of Mustansiriya Haider that the United Nations will not lift the protection of funds from Iraq, so as not to take it out after the wrath of the seventh item. Iraq had recently signed an agreement with the U.S. government aims to compensate those affected Americans from the former regime, fearing Iraqi funds in the event of failure to compensate them, according to the State Department, which justified this step as a prelude to raise funds for the protection of the hybrid Iraq

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