VOL. XXXII

NO. 39

3-JULY-1989

Financial and Banking News

BUDGETS AND REVENUES

Iraq Reimposes Economic Controls

With Iraq's privatization program barely two years old, severe inflationaryproblems have forced the re-imposition of total price control in the country. Theproblems were officially acknowledged six months ago (MEES, 23 January), andsince then the authorities have taken two steps which effectively return thecountry to the status of a command economy. Price controls were lifted in 1987.

In...