VOL. XXXII

NO. 50

18-SEPTEMBER-1989

Financial and Banking News

BUDGETS AND REVENUES

Iraq's Drive to Economic Liberalization Hits Snags

Iraq's ambitious drive towards privatization and economic liberalization hashit a number of snags related to domestic inflationary pressures and foreignexchange constraints. After reimposing price controls in July, the IraqiGovernment has implemented a series of measures which have reinforced itscontrol over economic activity in the country.

The government's...