Central Bank announces completion the last remaining batch of Kuwait compensation

Local

21-12-2021, 23:43

+A -A

Baghdad-INA

The Central Bank of Iraq announced the completion of the last remaining installment of Kuwait's compensation, amounting to 44 million dollars.

And the bank stated in a statement received by the Iraqi News Agency (INA), today, Tuesday, that "the payment of the last remaining installment of the State of Kuwait's compensation amounting to 44 million US dollars has been completed, and thus Iraq has completed the payment of the full amounts of compensation approved by the United Nations Compensation Committee of the Council of International security under Resolution (687) of 1991, with a total of (52.4) billion US dollars for the State of Kuwait.

He added, "It is hoped that ending the payment of compensation will contribute to getting Iraq out from item VII, as well as its impact on reintegrating the Iraqi banking system into the global banking system and benefiting from the financial abundance that will be achieved.