The Central Bank confirms the immunity of its funds abroad
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The Central Bank confirms the immunity of its funds abroad
by RamblerNash Tue Jul 27, 2021 10:02 pm
Tuesday 27 July 2021 09:12
Baghdad / NINA / - The Central Bank of Iraq confirmed the immunity of its funds abroad.
A statement by the Bank is less than the legal authorities in the United States of America confirming to the Governor of the Central Bank of Iraq that all the reserves and funds of the Central Bank of Iraq are fortified and that no party can seize them, and that it will defend its immunity with the rest of the countries and these reserves cannot be compromised.
He added that: Iraq will complete during the coming period the full payment of the compensation and benefits accrued from it before 2003, and this will lead to the lifting of international immunity from Iraq's money abroad and it will be subject to implementation by some creditors from other parties and companies.
Those legal authorities confirmed, according to the statement, that the funds and reserves of the Central Bank of Iraq are protected under the laws followed in the United States of America, pledging to defend what is available from them in central banks and banks in other countries./ End 3
https://ninanews.com/Website/News/Details?key=917975
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