Just wanted to remind everyone that the Bagdad anounced New Era-- July 1, 2011
Courtesy of Currency Newshound's postings--
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Iraqi Cabinet approves UN mandate on Iraqi state revenues; July 1 to begin new era for IraqPosted: April 27, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraq: Chapter VII, Iraqi Dinar/Politics
Tags: Central Bank of Iraq, Development Fund for Iraq, Iraq, Iraqi government, Iraqi people, Politics of Iraq, United Nation, United Nations Security Council 0Baghdad (news) .. Orteurcil Ministers approved the report of the Government of Iraq on the transition to successor arrangements to the Development Fund for Iraq on the basis of Security Council resolution 1956 to the year 2010, submitted by the Committee to Protect Iraq’s funds.
He said government spokesman Ali al-Dabbagh said in a statement received Agency (news) on Wednesday: “The ratification of the report of the Government of Iraq on the transition to successor arrangements to the Development Fund for Iraq is the result of the Iraqi government to protect the funds of the Iraqi people from the payment of debt owed by Iraq and the fulfillment of the obligations International and the completion of the items that resulted from it by the politicians earlier, Iraq had not chosen his own free will, but as a result of the policies of the former regime and the ensuing programs such as the oil for food program with the adoption of fully automated to ensure the protection of Iraqi funds after the end of the mandate of the Development Fund for Iraq, DFI at the end of the year 2010 “.
He added: “The new arrangements will end the mandate of the United Nations on Iraqi state revenues as part of the Iraqi government’s efforts to emerge from Chapter VII resolutions.”
He continued: “will open a special account on behalf of the Iraqi government in the United States receives all revenue and funds belonging to the Iraqi state and is managed by the Central Bank of Iraq in full without any international sponsorship and will be the work of the special arrangements for the allocation of 5% of oil revenues to the Compensation Fund for Kuwait as Iraq’s international obligations” .
Dabbagh said: “This report will be presented to members of the UN Security Council for discussion and approval, such as an international work begins in July 1, 2011 to begin a new era in Iraq, the role of regional and international levels”
