The Central Bank of Iraq pays $ 83 million to Lebanon

2018/08/08 14:36
The Lebanese government has officially received a report of a financial transfer from the Central Bank of Iraq to Lebanese banks to pay a debt of deposits estimated at 83 million dollars. The Office of the Minister of State for Anti-Corruption Affairs in the Government of the discharge Business, Nicola Tueni, the news, pointing out that the financial transfer paid from the deposits of the Lebanese banks with the Iraqi Central Branch Erbil.

Dune has been worth billions of dollars since 2003. The Minister of the Twaini explained earlier that the debts recognized by Iraq owed for the years 2003 and above, estimated at about one billion dollars, but the benefits belong to legal persons (companies and banks).

The issue of these outstanding debts was discussed during the visit of President Michel Aoun to Iraq during the month of February, as all the files were submitted.

3 types of debt and the distribution of Lebanese debt on three types: the first, the debts of about 153 Lebanese industrial companies on the period from 1993 to 2003.

And the amount of about one billion dollars under the Lebanese accounts. The debt was due to Lebanese companies that operated under the umbrella of "oil for food". Iraq is offering to pay only 10% of them, in exchange for write off the file, as decided at the Paris Club with all the world debt resulted from Iraq is in the period of the ten years of siege from 1993 to 2003. The second type is the accumulated Lebanese debts to Iraq since the fall of Saddam Hussein's regime in 2003, estimated at about one billion dollars, not claimed by Lebanon throughout this period due to the difficult circumstances of Iraq. President Michel Aoun's visit to Baghdad last February Third, it is the deposits of the Lebanese banks with the Central Bank of Iraq, which arose after the transfer of funds from Lebanese banks at the request of the Iraqi authorities to the Iraqi Central Bank in the form of deposits as a condition to open additional branches, but these branches were not opened additional $ 83 million except interest, Lebanon has therefore requested that it be returned, and is now being transferred from Baghdad.

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