Saturday, June 4, 2011

Iraq parliamentary committee: Iraq is unable to disburse dues to Egypt; CBI says it threatens Paris Club agreement

A parliamentary committee: Iraq is unable to disburse dues of Egyptian labor


Komaki haiti, Para, Money


Baghdad, June 4 (Rn) – An Iraqi parliamentary committee on Saturday that Iraq is “unable” to disburse dues of Egyptian workers, amounting to about $ 400 million because of “economic problems” facing the country.


Egypt stresses that the rights and achievements of the Egyptian labor “red line”, and that the zero value of remittances did not fall where the rights of Egyptian workers as a result of limitations or change the Iraqi regime in 2003.

The newspaper “Sunrise,” the Egyptian quoted on Wednesday by the Minister of Manpower and Immigration Ahmed Hassan El-Borai said that his Government would strive to be the disbursement of these remittances to the beneficiaries of $ 637 thousand in number due before the start of holy month of Ramadan.

A member of the parliamentary Economic Committee Abdul Hussein Abtan, told the Kurdish news agency (Rn) that “Iraq is unable to fulfill Egypt with 400 million was owed to its employees working in Baghdad in 1980 because of economic problems and financial.”


A spokesman for the Iraqi government last week, Ali al-Dabbagh said the Cabinet had agreed to pay out of its assessed dues to the Egyptians, under the orders of yellow, and valued at $ 408 million.

Abtan said that “Iraq is not in the natural state to allow it to fulfill all of the claims he owes him because there are economic problems caused by instability and monetary and financial position.”


The central bank says that the Iraqi calls for $ 400 million in Egypt, Iraq, wages for workers who insist “threaten” the Paris Club agreement. (Read Article)


And often conflicting statements on Iraq, said Iraqi Ambassador Nizar Cairo goodness of God in the second of last month that Iraq would pay all the dues of Egyptian citizens from zero cardholders who have worked in Iraq during the eighties of the last century.

Hundreds of thousands of Egyptian workers in Iraq, sending remittances to their families until 1990, according to the Iraqi financial system, which requires payment of funds to the bank branches of government, such as Mesopotamia and the good, and wishing to transfer to get support yellow color of the amount that turned him.
The Iraqi banks then transfer the payment orders to banks in Egypt with the value of the underwriter, is that the economic embargo imposed on Iraq after its invasion of Kuwait in August 1990, froze the money since then.

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