NO. 14


Financial and Banking News

Financial Disputes

De Cuellar Blames Iraq and Estimates Iran's Civilian Damages at$97.2bn

Former UN Secretary General Javier Perez de Cuellar told the Security Councilon 10 December that Iraq was the aggressor in the 1980-88 war and anaccompanying report estimated civilian damages inflicted by Iraq on Iranduring the course of the war at $97.2bn. Iran is now asking the internationalcommunity to force Iraq to pay compensation. Iran's own...