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Egypt: Iraq Transfers to Country 408 Million Dollars to Pay Value of Yellow Remittances
16 MARCH 2012
Iraq has transferred to Egypt some 408 million dollars to pay the value of the "yellow remittances", the money owed by Iraq to Egyptians who escaped from the country during the second Gulf War.
Last week, Foreign Minister Mohammed Amr and his Iraqi counterpart Hoshiyar Zebari inked an agreement under which the 408 million dollars are to be paid to around 670,000 Egyptians.
The "yellow remittances" refer to the debt owed by Iraq to Egyptian workers who fled Iraq during the second Gulf War in the early nineties following Iraq's invasion of Kuwait, leaving their money and businesses behind.
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16 MARCH 2012
Iraq has transferred to Egypt some 408 million dollars to pay the value of the "yellow remittances", the money owed by Iraq to Egyptians who escaped from the country during the second Gulf War.
Last week, Foreign Minister Mohammed Amr and his Iraqi counterpart Hoshiyar Zebari inked an agreement under which the 408 million dollars are to be paid to around 670,000 Egyptians.
The "yellow remittances" refer to the debt owed by Iraq to Egyptian workers who fled Iraq during the second Gulf War in the early nineties following Iraq's invasion of Kuwait, leaving their money and businesses behind.
[You must be registered and logged in to see this link.]
