NO. 45


Financial and Banking News

Financial Flows

Iraq Begins Returning Gold Stolen From Kuwait

Central Bank Iraq began on 5 August to hand back to Kuwait gold bullionstolen from the Central Bank of Kuwait vaults during the occupation. The gold isin the form of 3,216 bars, each weighing 13kgs., according to Kuwait's CentralBank Governor, Shaikh Salim 'Abd al-'Aziz al-Sabah. Its current value is $600mn-$700mn. The transfer is taking place at the border crossing of 'Arar...