* Senior Economist: Baghdad has not taken the necessary measures to protect Iraq’s money

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/SLcNDd6LKIk/

Dohuk, June 10 (Rn) – considered an economist Iraq, Sunday, the Iraqi governments since 2003 have not taken the necessary measures to protect Iraqi funds deposited in international banks, warning that the lifting of U.S. protection of Iraqi funds will open the doors to mislead the accounts and seized the pretext of indebtedness of the system Previous.

The parliamentary Finance Committee has announced that Iraq won the last extension by the U.S. administration to protect his money from abroad for a year, expires in May 2013.

The peace Sumaisem economic expert former Secretariat of the Council of Ministers, told the Kurdish news agency (Rn) that “the protection of Iraqi funds by an international resolution helped in the maintenance of funds and Iraqi funds in foreign banks that, engaged in the hands of many of the creditors under the pretext of obtaining debt” ..

She said, “Although it may open the doors on the other to the outskirts of unknown misled the final accounts of the Fund of the DFI (development of Iraq’s money), but on the whole contributed to the failure of the creditors, particularly the Arabs, including specifically, to seize Iraqi funds under the pretext of indebtedness of the former regime “.

In the opinion of Sumaisem winning a doctorate in Islamic economics, and philosophy in the economy, that “there are many international laws help protect the money and track the source of smuggled or tampered with,” .. Said, “but with great regret that lack of knowledge about financial and legal details and the lack of know-how related parties and the use of minors by clergy incompetent makes the Iraqi loss of the right is easy, as always and got more than one file.”

They pointed out that the “rules of the protection funds require activation of a number of legislations, laws and joint work between the committees of the House of Representatives of the relationship and the Central Bank and Ministry of Finance and Control Bureau of Finance and Trade Bank of Iraq and the Supreme Judicial Council in order to activate measures to protect Iraqi funds.”

According Sumaisem, “the Iraqi governments after 2003 fell short in a matter of taking action to address the issue of raising the protection of Iraqi funds for technical reasons and technical lacked and then you do not want the government to recognize non-completion of these aspects to it, let alone the problems of financial corruption and the absence of legal accountability and Investigation of Justice the necessary followed in such violations. “

Referred to as Iraq is still a reality under Chapter VII, consisting of 13 articles.

The resolution 678, passed in 1990 and the proposal to remove Iraq from Kuwait by force one of the provisions of this chapter, Iraq is still under Tailth, because of the survival of several issues pending such as the remains of Kuwaiti citizens and prisoners in Iraq and Kuwaiti property, including the archives of the Amiri Diwan, the Crown Prince’s Court, The issue of environmental awards and oil which do not relate only to the State of Kuwait and other Arab countries and companies still have rights in Iraq.

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