December 12, 1978
TELEGRAM 067.069 from the Romanian Embassy in Pyongyang to the Romanian Ministry of Foreign Affairs
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TELEGRAM 067.069
To: the Romanian Ministry of Foreign Affairs (First and Fourth Directorate)
From: the Romanian Embassy in Pyongyang
Date: December 12th, 1978
Classification: Secret
In a recent conversation with Victor Nanu, M. B. Izzat, the Iraqi Embassy counselor, said that on the occasion of the [North] Korean party and government delegation’s visit to Baghdad, led by Pak Seong-cheol, the DPRK Vice-President, which took place on July 11-18, 1978, at the request of the Koreans, it was agreed that the Iraqi government grants the DPRK an interest-free loan worth $50 million.
$25 million is going to be transferred to North Korea on January 1st 1979 and $25 million on January 1st 1980. The loan will be repaid after 1985.
Signed
Paul Marinescu
The Iraqi government agrees to grant the DPRK an interest-free loan worth $50 million.
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