1-13-11 Iraq seeks to cancel the debts incurred by companies, individuals and countries

Highlights/Thoughts
1. Iraq is looking to cancel debt from individuals, companies, and nations
2. Iraq will be protected from claims until 6/30/11, when the Development Fund for Iraq (DFI) extension ends

Iraq will likely continue to try to cancel all debt through 6/30.  This is good because it helps them retain their assets, which can be taken in a claim.  Removal of debt also helps to increase the value of their Dinar.