'The rest of the world has given Iraq between 80 per cent and 100 per cent debt forgiveness,' Central bank Governor Sinan Al Shabibi said.
'We expect generous treatment from our Arab brothers, that will help recovery and turn a relationship of debt into one of trade and investment.'
Shabibi said Iraq was targeting inflation of 15 per cent-20 per cent this year, down from around 30 per cent last year.
Inflation last year was above the target of 20 per cent as security costs were higher than expected and insecurity in the country hampered the supply of goods, he said.
Iraq's foreign currency reserves were at about $8 billion, up from $7-$7.5 billion in November, he said.(Source) Trade Arabia