NO. 29


Financial and Banking News

Regional Banking

Iraq Undertakes to Return some Kuwaiti Gold

Iraq has indicated its readiness to return to Kuwait gold worth $462mn which was stolen from the vaults of the Central Bank of Kuwait after the invasion in August. A letter to the United Nations from Iraq's UN ambassador, Dr. 'Abd al-Amiral-Anbari, dated 21 March promised to return 3,216 standard gold bars, Kuwaitidinar bank notes valued at $600mn (about KD175mn), and...