US Freezes 1.62 Billion Dollars of Iraqi Assets

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Last updated at: (Beijing Time) Friday, March 28, 2003

US Freezes 1.62 Billion Dollars of Iraqi Assets

The US government has frozen 1.62 billion dollars of Iraqi assets in the United States, local press reported on Thursday.

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The US government has frozen 1.62 billion dollars of Iraqi assets in the United States, local press reported on Thursday.

The money will be used to help rebuild Iraq once Iraqi President Saddam Hussein is ousted, the report quoted the Treasury Department official, David Aufhauser, as saying.

Aufhauser said the money has been transferred to an account at the Federal Reserve Bank of New York.

As part of the efforts against Iraqi government, US launched a financial offensive on March 20 to freeze assets of the Iraqi government in the United States.

Washington has also called on other countries to identify and freeze all the assets of Saddam and the Iraqi government.

The United States launched military attacks on Iraq on March 20.

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