13/02/2012 13:27
Baghdad, February 13 (Rn) - The Central Bank of Iraq, Monday, the Government of Iraq to trade in Canada is very small and it does not have any role for banks in the deposit of the Canadian Iraqi funds.
The Iraqi government has issued an order yesterday to all ministries and government bodies, asking not to deposit the money in Canadian banks to reduce the phenomenon of cases registered against Iraq by the companies and fictitious companies claim to be creditors of Iraq.
The Iraqi government confirmed that Washington will renew the protection of Iraqi funds in the banks for another year in Iraq if there is a real need to protect his money in the United States.
He took the White House in June of last year to protect Iraqi funds after a formal request from the Iraqi government.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "Iraq's dealings with Canada is very weak for a contact to the stage to warn against the deposit of money in Canadian banks."
He added that "the Canadian judiciary is not fair with Iraq did not interact with the process of political change that took place in Iraq."
He noted that the Central Bank with the Iraqi government has a plan focused on protecting the money from creditors who did not join the ghost to the Paris Club agreement. "
Iraq's debt and paid three thousand five hundred creditor commercial value of $ 2.7 billion as a means to protect its assets from external manipulation by commercial companies. It is hoped that Iraq submit to the UN Security Council a detailed report looking at the next May, the most important pillars of the protection of Iraqi funds.
The Ministry of Finance of Iraq earlier that the government commission art took over the development of mechanisms to protect Iraqi funds in foreign banks after the UN Security Council resolution mid-November last, who spent lifting protection for Iraqi assets end of June next work is characterized by secrecy.
The UN Security Council voted unanimously in mid-January of 2011 on the three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and cancel the Oil for Food Programme, also extended the immunity of private and for the last stage of the compensation imposed under Chapter VII until the end of June next.
The former Iraqi President Saddam Hussein ordered the invasion of Kuwait in 1990. Its impact on the sanctions imposed on Iraq from the international community and put under Chapter VII, which makes him the country threatens international peace and security.
Included international sanctions prevented the import of chemicals and nuclear technology that could be used in the programs of secret nuclear, chemical and biological weapons.
Has allowed the United Nations in 1995 for Iraq to sell oil in return for food, within the "oil for lunch."
Link
The Iraqi government has issued an order yesterday to all ministries and government bodies, asking not to deposit the money in Canadian banks to reduce the phenomenon of cases registered against Iraq by the companies and fictitious companies claim to be creditors of Iraq.
The Iraqi government confirmed that Washington will renew the protection of Iraqi funds in the banks for another year in Iraq if there is a real need to protect his money in the United States.
He took the White House in June of last year to protect Iraqi funds after a formal request from the Iraqi government.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "Iraq's dealings with Canada is very weak for a contact to the stage to warn against the deposit of money in Canadian banks."
He added that "the Canadian judiciary is not fair with Iraq did not interact with the process of political change that took place in Iraq."
He noted that the Central Bank with the Iraqi government has a plan focused on protecting the money from creditors who did not join the ghost to the Paris Club agreement. "
Iraq's debt and paid three thousand five hundred creditor commercial value of $ 2.7 billion as a means to protect its assets from external manipulation by commercial companies. It is hoped that Iraq submit to the UN Security Council a detailed report looking at the next May, the most important pillars of the protection of Iraqi funds.
The Ministry of Finance of Iraq earlier that the government commission art took over the development of mechanisms to protect Iraqi funds in foreign banks after the UN Security Council resolution mid-November last, who spent lifting protection for Iraqi assets end of June next work is characterized by secrecy.
The UN Security Council voted unanimously in mid-January of 2011 on the three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and cancel the Oil for Food Programme, also extended the immunity of private and for the last stage of the compensation imposed under Chapter VII until the end of June next.
The former Iraqi President Saddam Hussein ordered the invasion of Kuwait in 1990. Its impact on the sanctions imposed on Iraq from the international community and put under Chapter VII, which makes him the country threatens international peace and security.
Included international sanctions prevented the import of chemicals and nuclear technology that could be used in the programs of secret nuclear, chemical and biological weapons.
Has allowed the United Nations in 1995 for Iraq to sell oil in return for food, within the "oil for lunch."
Link
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