k98nights Posted March 27, 2012 Report Share Posted March 27, 2012 Iraq pays $408 million to cover delayed payments for Egyptian workers By Khayoun Saleh Azzaman, March 27, 2012 Iraq has transferred $408 million to several Egyptian banks to cover delayed payments for hundreds of thousands of Egyptians who worked in Iraq. Up to one million Egyptians used to work in Iraq prior to 1990 when the U.N. imposed punitive trade sanctions for its invasion of Kuwait. The sanctions prevented Iraq from exporting oil, thereby making it impossible for it to pay its debts. Egyptians left the country without payment. Successive Iraqi governments formed in the aftermath of the 2003-U.S. invasion said they wanted to settle the issue. The payment comes a few days before the Arab summit meeting in Baghdad. “The sum represents the payment Iraq owed to Egyptian workers. We are late in paying due to the conditions the country passed through,” said Mudher Saleh, a deputy of the Governor of Iraq Central Bank. Egyptians who worked in Iraq are reported to have received the news with glee. Egyptian banks have seen a rush of customers enquiring about conditions and papers necessary to get their dues. The massive sum is an accumulation of remittances many of them less than $400. The delay of more than 20 years will make it difficult to cash the remittances as the original owners might have passed away. http://www.azzaman.com/english/index.asp?fname=news\2012-03-27\kurd.htm 1 Link to comment Share on other sites More sharing options...
solbiatodinar Posted March 27, 2012 Report Share Posted March 27, 2012 this is huge days before the summit i love it Link to comment Share on other sites More sharing options...
The Machine Posted March 27, 2012 Report Share Posted March 27, 2012 cheers K98 I'd heard about this a few weeks ago but didnt find any concrete proof that the transfer actually happened ... thank's again buddy Link to comment Share on other sites More sharing options...
TXNOLE Posted March 27, 2012 Report Share Posted March 27, 2012 Quit spending our inheritance, lol! Link to comment Share on other sites More sharing options...
rocking/chair Posted March 27, 2012 Report Share Posted March 27, 2012 Looks like they are dotting the I's and crossing all the T's before the summit. They don't want anything to distract them from their goals. Link to comment Share on other sites More sharing options...
Rubberband King Posted March 27, 2012 Report Share Posted March 27, 2012 Awesome Leggo RV! Link to comment Share on other sites More sharing options...
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