Source: Washington worried about the situation in Iraq; Will not renew DFI protection in 2013

Posted: February 19, 2013 in Iraqi Dinar/Politics
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The time on Tuesday, February 19 / February 2013 09:58 | |

A senior political source revealed about the intention of the U.S. administration to inform the Iraqi government a message that the U.S. government is concerned monetary and financial developments taking place in the country.

He said that the U.S. Embassy in Baghdad told the Iraqi government that the U.S. delegation from the U.S. Treasury, “financial” will arrive in Baghdad with a bank officials the U.S. Federal Reserve, “Federal Reserve” to inform the Iraqi government a message that the U.S. government is concerned about financial developments and current cash in the country.

The source, who preferred anonymity, said that the essence of the American message boils down to that the U.S. administration is not interested in the protection of Iraqi funds in the account of the Development Fund for Iraq “DFI” of the Iraqi Ministry of Finance. The source added that the U.S. administration would raise her hand to protect Iraqi funds in the month of May 2013, explaining that he will inform the Iraqi government’s decision not to renew according to an official letter.

The source pointed out that the U.S. administration has become concerned about the future of Iraq in light of the political pressure that the country is going through, stressing that they indicate a clear case of exclusion of several political components.

Was created Development Fund for Iraq DFI in May of 2003 by the director of the Coalition Provisional Authority was recognized, under Security Council resolution for the United MMA 1483 and after the dissolution of the Coalition Provisional Authority in June 2004, has been delegated the U.S. government by the Government of Iraq to manage funds of the Development Fund for Iraq, which was made ​​available to reconstruction projects, and the U.S. Defense Department, the administration of the said fund on behalf of the U.S. Government, authorization was withdrawn with effect from 31 December 2007.

The Iraqi government is keen to ensure that the extension of the work of the Fund, which was established in 2003 after the fall of Saddam Hussein in order to protect the revenue from sales of oil and natural gas in Iraq. Iraq has been under since 1990 under Chapter VII of the Charter of the United Nations, which imposed after the invasion regime of former President Saddam Hussein of Kuwait in August of the same year, and this item allows the use of force against Iraq as a threat to international security, as well as freezing of large amounts of its assets financial in international banks.

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