VOL. XLVII

No 11

15-March-2004

IRAQ RECONSTRUCTION

New CPA Law Governing Central Bank Of Iraq Affirms Its Independence

The US-led Coalition Provisional Authority (CPA) on 7 March announced a new law governing the Central Bank of Iraq (CBI), affirming the institutions independence. According to Article 3 of the law, the primary objectives of the CBI shall be to achieve and maintain domestic price stability and to foster and maintain a stable and competitive market-based financial system. Subject to...