Egypt, Iraq Sign $408m Deal on ‘Yellow Remittances’

Iraq has reportedly reached an agreement with Egypt on the so-called ‘yellow remittances’ – money owed to Egyptian workers in Iraq since the 1980s.

The Egyptians left Iraq after the U.S. invasion, leaving their jobs and their money behind, and did not receive compensation.This has been a source of tension between the two countries ever since.

Egypt’s Foreign Minister, Mohammed Amr, and his Iraqi counterpart Hoshyar Zebari (pictured) inked the agreement, under which a total of $408 million are to be paid to around 637,000 Egyptians.

(Source: Aswat al-Iraq)

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