Advisor to the Prime Minister: most of the money and Iraqi oil revenues are deposited in U.S. bank

04/03/2012

The Iraqi News Agency Independent / Baghdad / follow-up ... He adviser to Prime Minister Mohammed Fadhil that most of the money and Iraqi oil revenues are deposited in the U.S. central bank, adding that Iraq needs to renew the protection for these funds in order not to allow any company booking them.

Mohammed said through a press statement transferred reporter (news agency Iraqi Independent) That the money and revenue reserves, whether the Iraqi central bank money or property caused by the Iraqi government export oil now exist in America by 90% or more

He pointed out that Iraq needs to be protected from lawsuits in the United States the fact that most of the money deposited with

He pointed out that we We need a presidential decision to renew U.S. protection so as not to come any company, whether U.S. or non-American to reserve these funds and to bring an action thereon, and therefore these funds will be protected in the United States of America.

The Cabinet had approved on 28 February, the recommendations of the Ministerial Committee on the subject of Iraqi funds abroad and to assign the Ministry of Foreign Affairs approached the U.S. side through diplomatic channels in order to issue an executive order by the U.S. President for the continued protection of Iraqi funds for an additional year as of 22 May 2012.

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