ST Alpha - "It was Iraqi money. Assets had been frozen and were released once the new government was in place." (Reading a Post)

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In response to "How do we give another country 6.6 billion when we are in debt ourselves?" by Bacon

It was Iraqi money. Assets had been frozen and were released once the new government was in place.

Posted by TWuG Oct 26 '11, 16:58

Mostly, at any rate. Some of it was UN funds, some of it was Food for Oil funds.

It wasn't US assets that we gave them, but money that was already theirs, but was in our custody.

Responses:

Good to know. They paid us for all the military support we gave them right? -- nm - Bacon Oct 26, 16:59 2
- My guess is they kept that to pay for all the infrastructure damage we caused while helping them. -- nm - TWuG Oct 26, 17:01
- Sure, with the 6.6 billion that 'went missing' - Beryllium Oct 26, 17:00

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It was Iraqi money. Assets had been frozen and were released once the new government was in place.

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