rank of one decimal place in order to achieve economic stability.

[VIZIOIRAQI]

Economists: Iraq is suffering from inflation and the policy of "central" led him to

08/02/2011 23:20 08/02/2011 23:20

.. Baghdad, February 8 (Rn) - He is interested in economic affairs of Iraq, said Tuesday that Iraq is suffering from inflation in its domestic market, certain that this inflation comes because of the lack of accurate statistics to the problems plaguing the economy in the country. The adviser said the Iraqi Central Bank The bank is working to preserve the rank of one decimal place in order to achieve economic stability.

.". Majid said the picture of the Kurdistan News Agency (Rn) that "until now does not have accurate census of the problems suffered by the Iraqi economy and, inter alia, inflation rates in Iraq." Noting that "there is a decrease in the rates of inflation to 3%, but the citizen feels another way, especially for items required for daily consumption by low-income and economically may be suited to this statistics with the rates issued. "

.مية". He explained that the picture of "the trend towards increasing prices and activate the new customs law will lead to an increased burden on the Iraqi citizen, given that the decision was not within a comprehensive package to develop the Iraqi economy to accelerate development." .". He added that "there is a problem facing the decision is that it does not compete with the local production of imports and inflation exists and any State may have given up on inflation."

.". And that "no doubt that the increase in the factors causing the cost of production in the high inflation and tight monetary policy by the Central Bank led to the curb inflation to a large degree, but fiscal policy is moving towards increased consumption, whether public or private, Re-distribution of income would lead to rising prices and inflation large in the Iraqi economy. "

.". In turn, the appearance of the central bank adviser Saleh (Rn) that "Iraq is witnessing today after the annual inflation fell to control levels of liquidity and reduce inflationary expectations." Pointing at the same time said that "Iraq needs today imported from Turkey in Euro, for example."

وبين .". And the appearance that "low inflation, monetary policy, the central bank is successful in gaining control of the levels of liquidity and reduce inflationary expectations." .". Noting that "Iraq is an important importer of Turkey and strong euro, which will cause the dollar to decline against the cheap and low prices of products entering Iraq."

.". He pointed out that "the signs are good for low inflation, which fell to the level of one decimal after it was tied." .". Adding that "the central bank works to keep the rank of one decimal place in order to achieve stability in the introduction to this development and this makes investors comfortable situation to the lack of price fluctuations in the exchange rate and the general level of prices."

.. The Iraqi Council of Representatives approved last year a law that would impose customs duties on imported goods does not exceed 20 percent of its value.

.. And began the Iraqi Trade Ministry a few days ago to grant import licenses to companies and investors, including all goods and goods in a move aimed at reducing the phenomenon of dumping the commodity.

.. And allowed the ministry to enter the goods at border crossing points accumulated, until the middle of February next, also allowed the entry of goods that importers do not have a formal import licenses.

.. The Customs Authority will apply the law to increase tariffs in the sixth month of March next.

.لف Of the weighing-Shammari, the Open: Safaa Khalaf

http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://www.aknews.com/ar/aknews/2/216805/&prev=hp&rurl=translate.google.com&usg=ALkJrhjlhDzdCj4JIldCiuW_hitTQ8Fubg

[Darin]

Sounds like a very SMALL RV!

Like 1 IQD is now worth 10 IQD?

Am I reading this right????

[rellum]

smoke

[rdb]

.. The Customs Authority will apply the law to increase tariffs in the sixth month of March next.

.لف Of the weighing-Shammari, the Open: Safaa Khalaf

[/size]http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://www.aknews.com/ar/aknews/2/216805/&prev=hp&rurl=translate.google.com&usg=ALkJrhjlhDzdCj4JIldCiuW_hitTQ8Fubg

is this a date?? march 6

[ProPlayr]

Sounds like a very SMALL RV!

Like 1 IQD is now worth 10 IQD?

Am I reading this right????

That is how I read this also but it is progress, it's a step in the right direction...

[AKReindeer]

I believe the "1 decimal" that they are talking about refers to their inflation rate. They used to be in the 2-digits range and they have been trying to keep it in the 1-digit range (maybe the translation is making it come out as "decimal").

Also, newspaper articles reported on DV and other news agencies refer to tariffs being implemented in March of 2011 - which most likely accounts for the sixth of March date referenced in the article above. Article on March Tariff here: March Tariffs iraq

[Econman33]

My take is he is saying they are keeping inflation to one decimal point (single digit) inflation. I do not see any exchange rate given.

They are claiming the low inflation that CBI claims is incorrect and it does not truly reflect the real inflation seen by the Iraqis.

[JAMMING]

I think they are referring to single digit inflation....not exchange rate

[lechesuerte]

Sounds like a very SMALL RV!

Like 1 IQD is now worth 10 IQD?

Am I reading this right????

No I believe that they are refering to one decimal place for inflation. Hope this helps.

Edited February 10, 2011 by lechesuerte

[VIZIOIRAQI]

No I believe that they are refering to one decimal place for inflation. Hope this helps.

Good Eye

[par72]

dito on the single digit inflation. nothing about exchange rate. gooo rvv

[BanG]

Lately in allot of posts I have seen reference to the Euro more so it seems than the dollar? I do not know what this means but it would suck to be sold down river after all that we have done over there. Am I seeing things or reading these wrong? Someone could explain I would appreciate. Peace.