April 16, 2021 at 9:33 am | Published in: Iraq, Middle East, News An employee of a currency exchange counter, counts local currency bank notes in the southern Iraqi city of Nasiriyah in the Dhi Qar province, on December 20, 2020 [ASAAD NIAZI/AFP via Getty Images] April 16, 2021 at 9:33 am Iraq's internal and external debts have amounted to $113 billion, Iraqi officials announced on Wednesday. "$40 billion of our debts are outstanding for eight countries since the 1980s and 1990s," financial advisor to the Iraqi prime minister, Mazhar Mohammed Saleh, told the official Iraqi News Agency (INA). Saleh pointed out that the creditors included "Iran, Saudi Arabia, Qatar, the United Arab Emirates (UAE) and Kuwait," noting that they were refusing: "To write off their debts even though they are members of the Paris Club." The Paris Club is an informal group of creditor nations whose objective is to find workable solutions to debtor nations' payment problems.