VOL. XXXII

NO. 8

28-NOVEMBER-1988

Financial and Banking News

REGIONAL BANKING

Iraq To Permit Joint-Sector Banks, Set Up Stock Exchange

The Iraqi Finance Minister, Mr. Hikmat 'Umar al-Hadithi, was quoted last weekin the official media as saying that joint sector banks will be permitted in thefuture, and that a stock market will be established. The minister announced on23 November that the first joint sector bank (i.e. with both government andprivate shareholders) will be established during 1989, and...