Central Bank: Annual inflation eased in Iraq, after controlling the levels of liquidity and reduce inflationary expectations

[carlablum]

Central Bank: Annual inflation eased in Iraq, after controlling the levels of liquidity and reduce inflationary expectations

On: Sunday 01/02/2011 1:17

Brother - Baghdad

The advisor said the central bank in favor of the appearance of the annual inflation fell in Iraq, after controlling the levels of liquidity and reduce inflationary expectations,

Pointing at the same time that Iraq has imported its needs from Turkey in Euro. Attributed the appearance of low inflation, monetary policy of the Central Bank, which succeeded in gaining control of the levels of liquidity and reduce inflationary expectations. Saleh said in a press statement: Iraq is importing an important and powerful of Turkey and the euro, which leads falling against the dollar to the licenses and low prices of products entering Iraq.

And Saleh said the signs are good for low inflation, which fell to the level of one decimal after it was tied, and continued: »The Central Bank is working to preserve the status to one decimal place in order to achieve stability in the introduction to this development and this makes the development of investor comfortable to the lack of fluctuations in price in exchange rate and the general level of prices.

And on why he would not lend the government $ 5 billion shortfall in the budget of 2011, said Saleh refused to Central Bank of the matter, adding that the bank is not an institution for development projects and bank reserves are in order to achieve Alastaqraralaguetsadi and because Alastaqraralaguetsadi is the incubator for development.

He said: We are working to lend to the government only in the case of economic disasters or large floods and there are indications we have suggest that we have surpluses sufficient does not require resort to the easy money, but require re-calculation of oil prices by the Ministry of Finance correctly, management and efficiency of resources optimally.

And Saleh: that the lending would be within the general budget of the State any of the fiscal policy where it will be the port for the financing of development and as a source for the provision of cash and liquidity.

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[MooCow]

Now just make the currency worth something

Alastaqraralaguetsadi!

[JCOUTEE]

Thanks for the post !!!!!

[xxxgator]

Good post! Gave you a plus .peace

[dogsutra]

i thought saleh (sp) was the trojan horse! don't believe a thing he say's.