BUDGETS AND REVENUES
Iraq Owes Jordan $1.3Bn In Trade Payment Arrears, Says Tuqan
Iraq owes Jordan $1.3bn in arrears for Jordanian goods exported to Iraq, Umayyah Tuqan, the Governor of the Central Bank of Jordan (CBJ), said on 4 May. The debt has accumulated under an exchange protocol between the two countries which began in 1991 as a result of the freezing of Iraqi assets abroad following its invasion of Kuwait. Under the protocol (and due to the freezing of...