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Cablegate: Spain: Fulfills Iraqi Dinar Donation Pledge

This record is a partial extract of the original cable. The full text of the original cable is not available.

UNCLAS MADRID 002725

SIPDIS

TREASURY PASS TO TRACI PHILLIPS; EB/ODF ROLAND DEMARCELLUS;
EB/IRAQ MARK KISSEL

E.O. 12958: N/A
TAGS: ECON EFIN IZ SP
SUBJECT: SPAIN: FULFILLS IRAQI DINAR DONATION PLEDGE

REF: MADRID 2397

The Spanish Council of Ministers approved the donation of EUR
14.4 million (USD 17.4 million) on July 16 to finance the
production of the new Iraqi dinar. This allocation of funds
will fulfill Spain's pledge of USD 18 million for production
of Iraqi dinars during 2004-2005, promised at the Madrid
Donor's Conference. This disbursement is a further sign of
Spain's intention to fulfill its USD 300 million commitment
to Iraq reconstruction (reftel).
ARGYROS

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