by Vixen » Thu Apr 03, 2014 8:54 am
4-3-2014 *Kaperoni ~Article: "Central raises for protection of Iraqi funds in U.S. banks" If they let 13303 expire...Iraq would have to make sure they pay their bills, settle disputes, etc. (btw, they are being trained on arbitration etc in May). Otherwise, this money that sits in US bank accounts could be subject to garnishment/judgements. It has always been my position that the US should protect it until Iraq was ready to stand up on their own internationally because these funds are Iraq's assets which could be used to back its currency. CLDP training for Iraq...is clearly preparing Iraq for international business. I find it interesting the training is [May] 18-22 (the day 13303 expires). Having a legal framework for arbitration is important, especially for WTO accession. This group is educating Iraq for that process. Quietly, Iraq is getting reading to make a splash.