The Currency Newshound: Saleh: Iraq’s foreign debt and protect his money

The Currency Newshound
Providing news which shapes the Iraqi economy and the future of the Iraqi Dinar
Saleh: Iraq's foreign debt and protect his money
Oct 25th 2012, 15:31

Issued Security Council Resolution 1956 in December 15, 2010 to lift the immunity from Iraqi funds deposited in the official out of the country. The immunity based mainly on a UN Security Council resolution 1483 in May 2003 on Iraq's exports of oil, gas and petroleum products and returns confiscated or placed under legal seizure by creditors of Iraq during the reign of the former regime. After removal of immunity is possible for Iraq to be subjected to legal action unfriendly from the remnants of trade creditors of the previous era system.

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