Recommends the continuation of Baghdad to U.S. protection of Iraqi funds

12/04/2012 | (Voice of Iraq)

Baghdad / range recommended by the Ministerial Committee on the Status of a mechanism to ensure the protection of Iraqi funds the Council of Ministers to submit a formal request on behalf of the Government of the Republic of Iraq through the Ministry of Foreign Affairs to the U.S. Government to issue a presidential decree again provides protection for Iraqi funds for a new year with effect from 20 May 2012. A statement by the Office of Deputy Prime Minister Ruz Nuri Shaways received long yesterday that "the Ministerial Committee on the Status of a mechanism to ensure the protection of Iraqi funds held its twenty-morning on Wednesday, April 11, 2012 under the chairmanship of Deputy Prime Minister Ruz Nuri Shaways and attended by finance ministers and oil, Justice and President of the Office of Financial Supervision and Governor of Central Bank of Iraq and Agents the Departments of State Planning and Legal Adviser to the Prime Minister and Advisor to the Deputy Prime Minister. " and added that "the Committee deliberated the procedures and steps to be pursued to protect Iraqi funds and assets deposited abroad, especially with the imminent expiration of the protection provided by the presidential decision the U.S. for these funds and assets until May next." He "The committee has taken a number of resolutions and recommendations to be working out in the forefront of a recommendation to the Council of Ministers to submit a formal request on behalf of the Government of the Republic of Iraq through the Ministry of Foreign Affairs to the United States government to adopt a resolution a new presidential provides protection for Iraqi funds for a new year with effect from 20 May 2012 . " The Iraqi Council of Ministers announced on 6 October 2011, the formation of a special committee to follow the disappearance of $ 17 billion from the Development Fund for Iraq, and to provide a periodic report monthly to the Committee to Protect Iraq's money, pointing out that it includes representatives of the Ministry of Finance and the Office of Financial Supervision and the Bank Central. It is noteworthy that the Development Fund for Iraq, DFI was established in May of 2003, by the director of the Coalition Provisional Authority was recognized, by a decision of the Security Council of the United MMA 1483 and after the dissolution of the Coalition Provisional Authority in June of 2004, has been delegated the U.S. government by the Government of Iraq to manage the funds of the Development Fund for Iraq, which were made ​​available for reconstruction projects, and the U.S. Department of Defense funds the management of the fund on behalf of the U.S. government, the mandate has been withdrawn as of 31 December 2007.

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