Don Paul Posted April 23, 2011 Report Share Posted April 23, 2011 Iraq: Inflation rises to 5.7% due to high electricity prices - AK News Baghdad, April 21 (AKnews) - The advisor to the Iraqi Central Bank (ICB) said on Thursday that inflation has jumped from 5.5% in February to 5.7% due rising electricity prices in Iraq. Muzher Mouhammed told AKnews that the high rate of inflation in Iraq is due to the March hike in electricity prices. "TheIraq: Inflation rises to 5.7% due to high electricity prices - AK News Baghdad, April 21 (AKnews) - The advisor to the Iraqi Central Bank (ICB) said on Thursday that inflation has jumped from 5.5% in February to 5.7% due rising electricity prices in Iraq. Muzher Mouhammed told AKnews that the high rate of inflation in Iraq is due to the March hike in electricity prices. "The rising inflation simply affects the economy but does not compromise the value of the Iraqi Dinar," he assured, "...the ICB has taken steps to curb increases in inflation". The main task of the ICB is to maintain price stability, to implement monetary policy, to manage foreign currency reserves, to issue currency and to regulate the banking sector. Rn/Ka/AKnews © AK News 2011 simply affects the economy but does not compromise the value of the Iraqi Dinar," he assured, "...the ICB has taken steps to curb increases in inflation". The main task of the ICB is to maintain price stability, to implement monetary policy, to manage foreign currency reserves, to issue currency and to regulate the banking sector. Rn/Ka/AKnews © AK News 2011 Link to comment Share on other sites More sharing options...
jg1 Posted April 23, 2011 Report Share Posted April 23, 2011 I thought Almaliki said they were going to get free electricity.. Does anyone remember that. Link to comment Share on other sites More sharing options...
rnldtippitt Posted April 23, 2011 Report Share Posted April 23, 2011 Shab's declared publicly that this would be his impetus for a re-value. Link to comment Share on other sites More sharing options...
jaminjimmy90 Posted April 23, 2011 Report Share Posted April 23, 2011 Iraq: Inflation rises to 5.7% due to high electricity prices - AK News Baghdad, April 21 (AKnews) - The advisor to the Iraqi Central Bank (ICB) said on Thursday that inflation has jumped from 5.5% in February to 5.7% due rising electricity prices in Iraq. Muzher Mouhammed told AKnews that the high rate of inflation in Iraq is due to the March hike in electricity prices. "TheIraq: Inflation rises to 5.7% due to high electricity prices - AK News Baghdad, April 21 (AKnews) - The advisor to the Iraqi Central Bank (ICB) said on Thursday that inflation has jumped from 5.5% in February to 5.7% due rising electricity prices in Iraq. Muzher Mouhammed told AKnews that the high rate of inflation in Iraq is due to the March hike in electricity prices. "The rising inflation simply affects the economy but does not compromise the value of the Iraqi Dinar," he assured, "...the ICB has taken steps to curb increases in inflation". The main task of the ICB is to maintain price stability, to implement monetary policy, to manage foreign currency reserves, to issue currency and to regulate the banking sector. Rn/Ka/AKnews © AK News 2011 simply affects the economy but does not compromise the value of the Iraqi Dinar," he assured, "...the ICB has taken steps to curb increases in inflation". The main task of the ICB is to maintain price stability, to implement monetary policy, to manage foreign currency reserves, to issue currency and to regulate the banking sector. Rn/Ka/AKnews © AK News 2011 inflation actually raises the value of the dinar this is good for us ............ 1 Link to comment Share on other sites More sharing options...
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