CBI: Inflation is expected to continue

[double_duce_duce]

Posted: March 26, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics

Tags: Central Bank of Iraq, Economic development, Good (economics), Gross domestic product, Inflation, Iraq, Japan, Monetary policy 0 Adviser warned the Iraqi Central Bank of the continuing high rates of inflation as a result of near total dependence on oil imports. that excessive inflation in the general level of prices and rising incomes in cash or a component of cash income such as wages or profits as well as high costs and excessive in the creation of cash balances.

The central bank adviser said the appearance of Mohammed Saleh during a press statement that “inflation will continue to rise unless it is processed to economic development and diversification of funding sources other than oil towards the development of agricultural and industrial projects and support local production.”

He added that “monetary policy in the country will continue to rise in the event of continued development of gross domestic product unable to meet the imported materials to match supply with demand of economic goods.”

He continued that “the food imported by the 100 percent increase in the countries of the world increased 50 percent from last year due to natural events that took place in some important countries economically, such as Japan, along with a shift some foodstuffs such as maize to the elements of fuel, so the inflation will continue to rise in Iraq” , noting that “high oil prices in the interest of Iraq.”

The Ministry of Planning and Development Cooperation has announced the high rate of inflation for the month of February by 0.3 percent for the month of January ..

He fears a number of economists from the continuing high rates of inflation in the country in the absence of mechanisms to reduce the height of government institutions on the management of the economy in the country.

http://bit.ly/h1tCjo

[jeepguy]

dang saw a mention of rate got a little excited but it was a over sigt my way

[TechOps]

I hope not big enough inflation to legitimize an LOP....

It would be nice to know the numbers and if they are still pretty low or if the inflation is getting high...

Just curious...

[Photochic]

Posted: March 26, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics

Tags: Central Bank of Iraq, Economic development, Good (economics), Gross domestic product, Inflation, Iraq, Japan, Monetary policy 0 Adviser warned the Iraqi Central Bank of the continuing high rates of inflation as a result of near total dependence on oil imports.

Are we talking Iraq is importing oil?

[aferriss]

Posted: March 26, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics

Tags: Central Bank of Iraq, Economic development, Good (economics), Gross domestic product, Inflation, Iraq, Japan, Monetary policy 0 Adviser warned the Iraqi Central Bank of the continuing high rates of inflation as a result of near total dependence on oil imports.

Are we talking Iraq is importing oil?

So far, from what I've read and studied, it's not being imported yet. If my info is correct they're beginning to set up for that. If anyone else has any other info, feel free to share. But as for now, I've seen nothing to confirm that at this time.