Highlights/Thoughts
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1. Saleh said that the danger lies in the expiration of international protection (DFI) on June 30th of this year
2. He said they must try to protect the $50 billion in reserves
3. He also said the money in the reserves is not government money. It is there to cover the dinar
4. Saleh said that if the money were to belong to the federal government, then it would fall risk to creditors
5. The text in the constitution passed in 2005 states that the CBI is accountable to the House
6. The article stated that in the opinion of several quarters, the move was a reflection of Maliki's desire to take control of the independent bodies. However, Maliki did not pay attention to the downside risks
The CBI is mainly concerned about how they will protect the money in the reserves after June 30th, when the Development Fund for Iraq expires. As many articles have stated, foreign creditors could take their reserve fund via lawsuits.
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