News From The Central Bank Of Iraq
The Independent/ The Central Bank of Iraq announced, on Tuesday, that its funds are “fortified” by an American decision, “and no party can seize them.”
The bank stated in a statement, that the legal authorities in the United States of America confirmed to the Governor of the Central Bank of Iraq that all the reserves and funds of the Central Bank of Iraq are fortified and that no party can seize them, and also confirmed that they will defend its immunity with the rest of the countries and these reserves cannot be compromised.
The Governor of the Central Bank is accompanied by the head of the Iraqi government in the delegation in Washington.
The bank added, “Iraq will complete during the coming period the full payment of the compensation and benefits accrued from it before 2003, as this will lead to the lifting of international immunity from Iraq’s funds abroad and it will be subject to implementation by some creditors from other parties and companies.”
He also added that those American legal authorities confirmed that the funds and reserves of the Central Bank of Iraq are protected under the laws followed in the United States of America, and pledged to defend what is in the central banks and banks in other countries.