IRAQI ASSETS HELD BY UK BANKS

HL Deb 09 July 1992 vol 538 c79WA

Lord Trefgarne

asked Her Majesty's Government:

What is the total sum of Iraqi assets held frozen by UK banks, and what interest has accrued since the order freezing them.

The Earl of Caithness

The total sum of Iraqi assets held by UK banks is estimated to be £580 million. The Government have no information on the amount of interest accrued since the order freezing these assets.