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Iraq receives $250 billion from the DFI fund

Jul 01, 2011

It appears that the Iraqi government received $250 billion transferred from the DFI fund to their control in a US bank.

The article mentioning this is in Arabic, but the google translation reads:

Friday, 01 July to July, 2011 17:32 .Received the Iraqi government, represented in a committee of financial experts, two hundred and fifty billion dollars of the proceeds of the sale of oil, which was subject to the supervision of an international body of the United Nations in the wake of the U.S. invasion of Iraq in two thousand and three and after delivery said the UN Security Council formally ended the task of a control and international advice, which was to oversee the Development Fund for Iraq for the proceeds of oil export.

This should help their balance of payments considerably.

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Category: Middle East

Dr. Stephen Jones

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