Iraq Announces Terms of Commercial Debt Settlement Offer

[H2OLover]

Noozz report no full read ...sorry


Iraq Announces Terms of Commercial Debt Settlement Offer


Jul 27 2005

The Republic of Iraq announced its intention to offer to settle outstanding Saddam-era commercial claims against Iraq and Iraqi public sector obligors through a cash buyback and a debt-for-debt exchange


ok guys ..what does this mean ??

[dejavu]

I am trying to find this story on other news sites, i'll keep looking so we can have a link to the entire article........

[arh777]

http://www.iraqdirectory.com/files/articles/article616.htm

[BrerRabbit]

It was interesting to note that they were paying everyone in dollars, yen, eurs but not Dinar.