Central Iraq: U.S. withdrawal will support the country's economy
20/12/2011 15:43

Baghdad, 20 December / December (Rn) - The Central Bank of Iraq, Tuesday, that the U.S. withdrawal from Iraq will support Iraq's economy and will contribute to opening up to international banks as it is the exit gate of the seventh item in the final month of June next.

The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the economic situation in Iraq will become a focal point for investors after the U.S. withdrawal because Iraq has become a country of peace and not a country for the war as was the presence of U.S. forces."

Saleh pointed out that "the withdrawal of U.S. troops out of Iraq will facilitate the procedures of the effects of the seventh item is a final addition to the protection of his money in full."

The UN Security Council has decided the middle of January last a unanimous vote on three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and repealed the Oil for Food Programme, as extended immunity for damages that were imposed under Chapter VII until the end of June next year.

Saleh added that "investment companies will have a greater role in the implementation of investment projects in addition to opening up Iraq's banking world banks."
The Ministry of Planning earlier that the withdrawal of U.S. troops from the country will contribute to attracting international companies and the adoption of the budget next year, and that "the exit of the occupiers will support the budget in 2012 in the implementation of investment projects."

He underwent attributable Iraq after Kuwait during the reign of former Iraqi President Saddam Hussein in 1990 for a series of United Nations action included to prevent the import of chemicals and nuclear technology that could be used in the programs of secret nuclear, chemical and biological weapons.
And allowed the United Nations in 1996 for Iraq, according to Resolution 986, to sell oil in return for food program, a so-called "oil for lunch."