VOL. XXXVII

NO. 15

10-JANUARY-1994

Financial and Banking News

Budgets & Revenues

Iraq Details Its Financial Claims On Arab Countries

The Government of Iraq is owed $1,191.3mn by Arab countries, according tofigures published by the Baghdad daily Babil, which is owned by Mr. 'Uday Husain,the son of President Saddam Husain. The newspaper article says that the Iraqibanking system has deposits of $351mn with other Arab countries. Most of this iswith Syria, which Iraq says is holding $237.6mn. The...