NO. 6


Financial and Banking News

Investment Activities

US Makes $567mn Repayment to Iran

Under the auspices of the joint US-Iran Tribunal at the Hague which has beenmeeting in The Hague since 1981 to sort out Iran's frozen assets in the US andcounterclaims by the US against Iran, the US Government last week agreed to makea $567mn repayment to Iran. The payment was the latest of a series ofsettlements agreed at the Hague Tribunal, and was part of $830mn worth of frozen...