abstract:In May 2003, following the invasion of Iraq in March of that year, the Central Bank of Iraq-Development Fund for Iraq (DFI) account was created at the U.S.
It said the US government should "seek resolution with the Iraqi government concerning the use of resources of the DFI (the DevelopmentFundforIraq) which might be in contradiction with UN Security Council Resolution 1483".
The adoption of the new resolution ends sanctions and transfers control over Iraq's oil revenues from the UN to a developmentfundfor reconstruction, which will be run by America and Britain.