Yes, and how much for the Fed in New York that's using (investing) the five bil?The Iraqi central bank has built up five billion dollars in reserves in recent months which have been deposited with the US Federal Reserve, a top US treasury official said Tuesday.
The sum will earn the Iraqi government about 100 million dollars of much needed interest each year, John Taylor, US treasury under secretary for international affairs, told a press conference after talks with Iraqi officials.
Hispanic Business article
Wednesday, February 09, 2005
Banking the Iraqi fortune
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