[lbo-talk] petrodollar recycling in Iraq

Eubulides paraconsistent at comcast.net
Sat Jun 12 12:28:03 PDT 2004


$500 Million of Iraqi Oil Funds Assigned to Security By Walter Pincus Washington Post Staff Writer Saturday, June 12, 2004; Page A15

[snip] One reason the occupation authority is reaching into the Iraqi oil fund is because the rising price of oil is creating additional income for Iraqi, a Pentagon official who spoke on the condition of anonymity said this week. As of this past Tuesday, the Development Fund of Iraq, which captures the country's oil income, had about $10.2 billion of total liquid assets, $8.6 billion of it held in U.S. Treasury bills and $1.2 billion in Iraq's Central Bank. http://www.washingtonpost.com/wp-dyn/articles/A35280-2004Jun11.html



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