No. 15



Iraq Unveils Drastic Economic Steps As US Opposes Relaxation Of Sanctions

Iraqi President Saddam Husain announced new measures on 2 January to deal with the dire economic situation in the country, after over five years of UN sanctions. He called for an immediate halt to the printing of money, belt- tightening measures in state ministries and enterprises, imposition of new taxes and the sale of state property. The government's moves are seen as a...