§ Mrs. ClwydTo ask the Secretary of State for Foreign and Commonwealth Affairs what is the total current value of Iraqi assets held by the United Kingdom.
§ Mr. NelsonI have been asked to reply.
The United Kingdom does not hold any Iraqi assets. However, the Bank of England advises that the value of Iraqi assets frozen in the United Kingdom was $784,000,000 as at 30 June 1994. This figure includes private as well as Iraqi Government deposits.