VOL. XLVII
No 06
9-February-2004
IRAQ RECONSTRUCTION
And Announces Liberalization Of Interest Rates
The CBI also announced that it is completely liberalizing domestic interest rates, bringing to a halt the practise that prevailed under Saddam Husain of setting interest rates for loans and deposits in a certain range. Allowing interest rates to fluctuate according to market forces will provide incentives for Iraqis to deposit their savings in banks, earning them competitive rates of interest, said...
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