Finance parliamentary reassure wary of raising money for the protection of the Iraqi

Posted by on Apr 23, 2014 | Leave a Comment

Jim Cramer’s Action Alert PLUS

Parliamentary Finance Committee reassured wary of raising U.S. protection for Iraqi funds deposited in the Development Fund for Iraq, while confirming that there is a settlement agreement approved by Parliament in 2011 to ensure the protection of those funds after the lifting of immunity.
Said committee member Abdul Hussein al-Yasiri: “There is a settlement agreement with the United States was approved by Parliament in 2011, to ensure Iraq after the UN mandate for the continued U.S. protection of Iraqi funds in the Development Fund for Iraq.”
He ruled Yasiri what was said about that the money will go to creditors after the lifting of immunity, asserting that U.S. President Barack Obama issued a decision in the protection of Iraq’s reserves of all banks in the world and of the Central Bank of Iraq.


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