VOL. XXXVIII
NO. 45
7-AUGUST-1995
Financial and Banking News
Report Casts Some Light On Iraq's Finances
The announcement last week that the Iraqi Government is to raise the basicsalary of its civil servants by 50% to an average of ID5,000 and of itssoldiers, internal security staff and intelligence officers by 70% will provideonly scant and short-lived relief to the hard-pressed population of Iraq.According to media reports, the free market rate of the dinar immediately fellon the news from...
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