VOL. XXXV

NO. 41

13-JULY-1992

Financial and Banking News

Country Debt

Jordan to Repay Military Debt to Russia with Cash and Commodities

Jordan and Russia are close to an agreement on the repayment of Jordan's$750mn military debt. Most of the debt will be repaid in commodity exports, buta small portion, perhaps $100mn-$150mn, will be paid in cash. The AssociatedPress news agency quoted Mr. Michel Marto, the Deputy Governor of Jordan'sCentral Bank, as saying that a final agreement would be reached...