Voice from the Commonwealth
Commentary, World Views and Occasional Rants from a small 'l' libertarian in Massachussetts

"If ye love wealth greater than liberty, the tranquility of servitude better than the animating contest for freedom, go home and leave us in peace. We seek not your council nor your arms. Crouch down and lick the hand that feeds you, and may posterity forget that ye were our countrymen." - Samuel Adams

Friday, June 20, 2003

What exactly were 300 Kilos of gold doing at the Iraqi Embassy in Switzerland?

The Swiss precious metal refiner Metalor is currently holding 300 kilograms of gold worth 4.5 mln sfr placed in 1991 by the Iraqi embassy in Berne, the economic magazine Cash reported.
Metalor general director Hans-Jurg Schar has confirmed the presence of the gold, the magazine said.

The Swiss national bank has estimated that about 386 mln sfr belonging to Iraqi interests have been deposited in Swiss banks.

The figure excludes funds held by private managers and fiduciary companies.

< email | 6/20/2003 05:00:00 PM | link

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