Iraq has told its central bank to open accounts to transfer hundreds of millions of dollars out of a post-Gulf war US fund to protect the money from foreign claims, a government spokesman said on Wednesday.
The cabinet also asked MPs to approve a $400-million compensation package for US victims of toppled dictator Saddam Hussein, and set up a mechanism for UN-mandated war reparations to Kuwait, Ali al-Dabbagh said in a statement.
"The government asked the central bank to immediately open accounts before May 1 to transfer funds," from the Development Fund for Iraq (DFI), he said.
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