VOL. XXXI

NO. 27

11-APRIL-1988

Financial and Banking News

LOANS AND ISSUES

Turkey Suspends New Credit Facilities to Iraq

The Turkish Finance Minister, Mr. Kurtcebe Alptemocin, has announced at apress conference in Baghdad that Turkey is suspending new trade credits to Iraquntil the end of 1988 with effect from 1 April because of unpaid Iraqi debts tohis country. 'Letters of credit have been temporarily stopped so as to examinethe accounts," Mr. Alptemorcin said, adding that instruments issued...