Frank26: 12-13-19……WE WERE ORDERED TO DO IT:
FRANKS SUIT COLORS FOR CC’S….. WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 … GOLD = CHANGE
F26: IMO about 10 million people in the United States of America have dinars. That’s a lot of people. It’s gonna make quite a difference for the economy of the United States of America.
F26: What are you going to do after you exchange your dinar? Most will invest and give some to family and friends and they are going to invest and our country is going to explode in a way you cannot imagine…..
F26 IMO our President is in the process of helping the Iraqi dinar join the international world.
Don961: Withheld money from Iraq … Baghdad seeks to recover $ 87 billion in 55 countries
– 10 Hours Ago
The Iraqi authorities recently revealed the total value of their debts owed to 55 countries, dating back to before 1990, during the Iraqi invasion of Kuwait, and the economic blockade and international sanctions that it had left over Baghdad. While economists and legal experts emphasize the difficulty of recovering these funds, noting that some of them need courts or settlements that require years to settle them, while others offer other options by replacing them with infrastructure and reconstruction proThe Funds Recovery Department at the Integrity Commission estimated the money owed at more than $ 87 billion, pointing out that Iraqi laws authorize the Funds Recovery Fund and the Recoveries Department, which was formed in 2011 at the Integrity Commission, to work to recover them.
And the recovery department indicated, in its statements, that the Iraqi funds, whether they were official or persons related to the previous regime, were frozen abroad by Security Council resolutions 660 and 661 after the invasion of Kuwait.
An Iraqi official told Al-Arabi Al-Jadeed that the value of the funds that were actually confiscated requires understandings, grievances and courts in order to recover them or implement the contract, meaning that the second party implements its obligations towards Iraq, and this matter needs several years of work and effort.
The official added that most of the Iraqi debts arise from European and other countries of the Soviet Union, as well as countries in Latin America, and there are problems in recovering difficult dues, such as those registered in Yugoslavia, which have no effect today.
Among the contracts concluded by Iraq, the contract with Italy at the end of the eighties, to establish a naval war fleet of 11 ships valued at $ 1.35 billion, and the Italian side was delivered value in the form of oil shipments and cash, while Iraq did not receive the ships, and then they were sold by Italian companies Specialized to another party, according to the data of the Department of Integrity in the Integrity Commission, which was published, last Monday, the government newspaper Al-Sabah.
The authority indicated that the Italian side, despite receiving the value of the contract, filed a suit for damage after Iraq in 2003, adding that there is another contract with Spain worth $ 11 million with the Ministry of Industry, to provide Iraq with various industrial materials that were not implemented, and there is an understanding about their willingness To pay the value of the debt in the form of goods for Iraq.
According to the government official who spoke to the “new Arab”, “the file as a whole is postponed to the next government and depends on the stability of the Iraqi situation, but several countries like Spain, France and Brazil have expressed their cooperation, and others like Jordan and Lebanon are moving diplomatically with them, while legal procedures are being followed with others.” Such as Greece, Pakistan and India. ”
He said: “The file is thorny and not easy, and Iraq is seeking to obtain its right, whether by returning money or implementing what was agreed upon in time or replacing Iraq with dues determined by projects and not by the debtor countries.”
He added: “Iraq’s debt to these countries requires long-standing and influential law firms in the West, which are usually found in New York and London. The Adel Abdul Mahdi government (which resigned early December) has not moved in this regard, so we are counting on the next government.
Iraq needs, according to government reports, between 80 to 90 billion dollars to rebuild 180 cities, counties, towns, and districts distributed over the areas invaded by ISIS in northern and western Iraq in mid-2014 and liberated in 2017, while it represents 49 percent of the total The area of the country.
Jamal Cougar, a member of the Finance Committee in Parliament, told Al-Arabi Al-Jadeed that the previous governments, despite their knowledge of the huge debt owed by other countries, have not moved to recover these funds.
Cougar added that “a mini committee was formed earlier within the Finance Committee in Parliament, to follow up the file and limit the actual money and dues to Iraq,” noting that part of the debts or dues also is Iraqi investments in several countries that were profitable, which are balances, deposits, companies and assets Real estate is different, which means that there are financial accumulations for it.
On the other hand, Mohsen Omar Al-Fadhli, a financial expert and a member of the Baghdad Economists Association, said, “The outstanding debts need a strong government and a great effort to recover them, which is not currently available.”
Al-Fadhli added, “Some countries have granted themselves the right to confiscate Iraqi money, such as Saudi Arabia, which confiscated the Iraqi oil pipeline. A floating port was built with Iraqi money, on the pretext of compensating Iraq’s bombing of the capital Riyadh and the occupation of the Khafji Iraqi army. Or Syria, which considered the Assad regime itself harmed by Iraq and confiscated the Iraqi oil pipeline destined for Banias, or Turkey, which placed its hand on several Iraqi investments, and the list goes on. ”
He continued: “These funds would solve the financial crisis in Iraq, or go to end the housing and infrastructure crisis, through settlements with those countries, and we hope to recover the funds despite our knowledge of the difficulty in this negotiation, so there is a need to call experts and officials in the Iraqi regime a year ago. 2003, they are more knowledgeable and experienced than the current government staff in this particular file. ”
According to data issued by the Ministry of Planning, the poverty rate in oil-rich Iraq reached 22.5 percent during the current year 2019, equivalent to 8.6 million people.
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