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The Central Bank receives the remaining amount from the Kuwait Compensation Fund - December 12, 2022

ronscarpa

By ronscarpa,
in Iraq & Dinar Related News

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The Central Bank receives the remaining amount from the Kuwait Compensation Fund

Monday - December 12, 2022
The Central Bank receives the remaining amount from the Kuwait Compensation Fund

 

The Central Bank of Iraq announced the receipt of the remaining amount in the Compensation Fund, amounting to ( $7,946,316 ) dollars ( seven million, nine hundred and forty-six thousand, three hundred and sixteen dollars ), after paying the full compensation for the State of Kuwait. 
 
An authorized source in the Central Bank of Iraq stated that the amount was returned after auditing the accounts according to Security Council Resolution No. ( 2621 ) for the year ( 2022 ) concerned with ending the compensation file resulting from the invasion of the former Iraqi regime into the State of Kuwait.
 
It is noteworthy that Iraq revealed in 2021 that it had terminated all necessary banking arrangements with the US Federal Reserve Bank to stop the automatic deduction of Kuwait's compensation from Iraqi crude oil export revenues, after paying the full remaining amount of compensation.
 
Central Bank of Iraq
Media Office
December 12, 2022
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