VOL. XXXIX

No. 18

29-January-1996

IRAQ

Iraq Raises Domestic Fuel Prices

Iraq has raised the retail prices of fuels on the local market, namely gasoline, LPG and kerosene, and doubled fees for building licenses. The new measures are designed to withdraw excess currency in circulation and boost the value of the dinar, whose exchange rate was liberalized earlier this year. The price of gasoline has now been increased from ID0.200/liter to ID1.50/liter, and the price of kerosene from...