Iraq mulls establishing a free zone to offer imported goods in local currency

RIYADH: Consumers in Iraq are likely to benefit from competitive prices of goods as the Middle Eastern country mulls the establishment of a free zone. 

This special economic entity will serve as a hub to import materials and goods, subsequently selling them to the private sector in the local currency, reported the National Iraqi News Agency. 

This announcement came amid a package of measures to address the difference in the exchange rate.