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‘Yellow remittances' from Iraq to Egypt delayed
The Egyptian Gazette Published in The Egyptian Gazette on 17 - 08 - 2011

CAIRO - A deal between Egypt and Iraq to cash more than $400 million due to Egyptians who worked in Iraq more than two decades ago seems to have ground to a temporary halt.
The ‘yellow remittances', worth $408 million, should have been cashed before Eid el-Fitr (the Lesser Bairam), at the end of Ramadan, but a dispute over interest due on the money for more than 20 years has caused a delay.
Sources told el-Youm el-Sabea online that the Iraqi government wants to pay the original money without interest, which is unacceptable to the Egyptians waiting for their money.
Minister of Manpower Ahmed el-Boari is planning to visit Iraq after the Eid, for further negotiations.

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