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Parliamentary Finance: $ 500 billion is the size of Iraq's funds in foreign banks

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 Parliamentary Finance: $ 500 billion is the size of Iraq's funds in foreign banks Empty Parliamentary Finance: $ 500 billion is the size of Iraq's funds in foreign banks

Post by GirlBye Mon Nov 23, 2020 10:03 am

 Parliamentary Finance: $ 500 billion is the size of Iraq's funds in foreign banks Safe_image.php?d=AQBQzX4-BRoGrV25&w=500&h=261&url=https%3A%2F%2Firaqakhbar.com%2Fwp-content%2Fuploads%2F2020%2F11%2F1323112020_economy-271219-2

Ahmed Al-Saffar revealed , on Monday, the estimates of frozen funds in foreign banks, indicating that most of the estimates suggest that there are no less than 500 billion dollars. Al-Saffar said, according to the official agency, "There are estimates and there are no accurate figures, but the majority indicate that the volume of funds outside Iraq is not less than 500 billion dollars."  

He added that, "the process of accessing funds abroad is very necessary, as it is assumed that there will be a move by the government to retrieve it, especially as it is the easiest way to obtain funds and get out of the crisis." He pointed out that If information is available on where the funds are located, in which names are they registered, and in which banks,The government can resort to international aid to recover these funds. 



https://iraqakhbar.com/2769885
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 Parliamentary Finance: $ 500 billion is the size of Iraq's funds in foreign banks Empty An Iraqi MP talks about a frozen $ 500 billion

Post by GirlBye Mon Nov 23, 2020 11:27 am

 Parliamentary Finance: $ 500 billion is the size of Iraq's funds in foreign banks 5fbbd4ea4236040ce463c58f

The financial reporter in the Iraqi parliament, Ahmed Al-Saffar, said today, Monday, that most estimates suggest that there are no less than 500 billion dollars of Iraqi funds frozen abroad.

He said in a press statement: "These numbers are estimates, and there are no accurate figures, and access to funds abroad is very necessary, as there is supposed to be a move by the government to retrieve them, especially as it is the easiest way to get money and get out of the crisis."

Al-Saffar added, "If information is available about where the money is located, in which names are it registered, and in which banks, the government can resort to international assistance to recover it."

It is noteworthy that Iraq is going through a financial crisis, as a result of which the Iraqi Council of Representatives was forced to vote on the "bridging the fiscal deficit" law, which allows the government to borrow 10 billion dollars from home and abroad.

https://arabic.rt.com/business/1176401-%D9%84%D8%AC%D9%86%D8%A9-%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9-500-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A3%D9%85%D9%88%D8%A7%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D9%85%D8%AC%D9%85%D8%AF%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC/
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