VOL. XXXIV
NO. 30
29-APRIL-1991
Financial and Banking News
REGIONAL BANKING
Iraq Owes Commercial Banks $580mn in Unpaid Interest; Egypt Owes $153mn
Iraq's interest arrears to commercial banks stood at $580mn in March 1991, according to figures com- piled by the Washington-based Institute of International Finance (IIF). The Institute estimates that Iraq's interest arrears at the end of 1990 were $348mn. Egypt's interest arrears have risen steadily during the late 1980s to reach $153mn by March this...
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