Frank26

The Paris Club agreement…paid off 80% of Iraq’s debt to the world, then Iraq agreed to re-institute at a 1 to 1 rate at least…they’re simply waiting, the Paris Club, for this announcement.  The CBI says they want the rest of the money the Paris Club is holding.  Iraq IMO tried to pull a fast one but the Paris Club said, nope!  No recovered fund returned to you until you change your exchange rate in order to cover the rest of your debts.