Iraq: We paid the last batch of compensation to Kuwait

The Central Bank of Iraq announced that “the payment of the last remaining installment of Kuwait’s compensation amounting to (44) million US dollars has been completed, and thus Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council under Resolution No. (687) for the year 1991. With a total of (52.4) billion US dollars for the State of Kuwait.

The bank said in a statement, “It is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter 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.”

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Adil Khan

Adil Khan writes about Kuwait National News for Mykuwaits, out of Kuwait. Adil Khan is a senior reporter for Mykuwaits.com and has frequently written about the latest developments in the State of Kuwait. Adil Khan is available on Facebook at the below link, Please send in your leads and tips.
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