CBI: The suspension of the automatic deduction of Kuwait's compensation

politics/Economy
  • 9-12-2021, 18:36
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    Baghdad-INA 


     The Central Bank of Iraq announced, today, Thursday, that it will stop the automatic deduction of Kuwait’s compensation. 

    The bank said in a statement received by the Iraqi News Agency (INA), that "the Central Bank of Iraq announces its termination of all necessary banking arrangements with the US Federal Reserve to stop the automatic deduction of Kuwait's compensation from Iraqi crude oil export revenues." 

    The bank confirmed the possibility of paying the full amount of the remaining compensation before the end of the current year 2021 to end this file.


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