VOL. XLVI

No 26

30-June-2003

IRAQ

IRAQ RECONSTRUCTION

Iraqi Banks Seek 2-Year Amnesty From Foreign Competition

Fearing that they will be in a disadvantaged position relative to international banks, some of Iraqs private banks are seeking at least a two-year amnesty from foreign competition. We have asked the Americans to freeze entry to Iraq to foreign banks for at least two years and US officials were receptive and said that they had also been thinking along these lines, Asad al-Khudhairy,...