VOL. XL

No. 47

24-November-1997

IRAQ

Iraq Eases Forex Restrictions

The Governor of the Central Bank of Iraq, Mr. Isam Juwaish, announced on 13 Novemberthat the central bank has lifted certain restrictions on Iraqi citizens holding hardcurrency. According to a Reuters report from Baghdad, the Governor said that Iraqicitizens will now be able to hold foreign currency, exchange any remuneration they receivein a foreign currency, lease property to foreigners, work with foreign institutions and...