DRV1804 Posted August 22, 2011 Report Share Posted August 22, 2011 CBI plans to reduce the high rate of inflation On: Friday 19/08/2011 13:58 Network Day News (HNN) - Deputy Governor of Central Bank of Iraq, Friday, that the rise in inflation for the month of July in 2011 compared Balchehrnevsh of 2010 by 7.1% after it was last year's 2.4% due to higher prices of allowances for rental homes. The Ministry of Planning and Development Cooperation for the high inflation year for the month of July by 6.2% .. and said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the rise in inflation for the month of July in 2011 compared Balchehrnevsh of 2010, which amounted to 7.1%, after that was in last year's 2.4% return causes the high prices of allowances Astijaralldor housing in the country. " He added that "the central bank will reduce the high inflation to decimal again after that are new plans to monitor the demand for the Iraqi dinar." He said, " low inflation requires the activation of development projects and reduce the demand for the dinar Alaariqa for the purpose of the draft consumer to be overlooked in reducing the rate of inflation is the foundation of the Iraqi dinar " is defined inflation as excessive 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. fear a number of economists from the continuing high rates of inflation in the country in the absence of mechanisms to limit the height of the governmental institutions on the management of the economy in the country. http://www.hathalyoum.net/news.php?action=view&id=1926 3 Link to comment Share on other sites More sharing options...
behaviorkat Posted August 22, 2011 Report Share Posted August 22, 2011 Good news! sshhhhhh.......rv Link to comment Share on other sites More sharing options...
Alex38 Posted August 22, 2011 Report Share Posted August 22, 2011 I.... am.... not.... sure... of...what I just read.... hahahahaha... Link to comment Share on other sites More sharing options...
Butifldrm Posted August 22, 2011 Report Share Posted August 22, 2011 Good find DRV1804. Hope you are doing well today? Link to comment Share on other sites More sharing options...
TFK Posted August 22, 2011 Report Share Posted August 22, 2011 Good to see Shabibi is concerned about inflation and talking about it. Their economy is overheating and they need to revalue the currency to reflect it's real and potential value. Great post1 Thanks Link to comment Share on other sites More sharing options...
zigmeister Posted August 22, 2011 Report Share Posted August 22, 2011 Something about controlling inflation........controlling the dinar.......monitoring the demand for dinar. Link to comment Share on other sites More sharing options...
Carrello Posted August 22, 2011 Report Share Posted August 22, 2011 DRV, Thank you for the post. They keep talking about it. That's good. I hope you are smiling today. I know someone is smiling down on you. Take care. Carrello Link to comment Share on other sites More sharing options...
Papster Posted August 22, 2011 Report Share Posted August 22, 2011 Thanks for the post DRV1804 and i appreciate your hard work here at DV........come on INFLA TION eat em up.............with all the goods and services coming into Iraq...........and low amounts of currency around...........eat em .......eat em.........this is great.........GO DINAR Link to comment Share on other sites More sharing options...
lizabeth1 Posted August 22, 2011 Report Share Posted August 22, 2011 great news keep it coming...RV....now is good timing... Link to comment Share on other sites More sharing options...
DRV1804 Posted August 22, 2011 Author Report Share Posted August 22, 2011 DRV, Thank you for the post. They keep talking about it. That's good. I hope you are smiling today. I know someone is smiling down on you. Take care. Carrello Thank you Carrello!!!! Link to comment Share on other sites More sharing options...
MikeRite Posted August 22, 2011 Report Share Posted August 22, 2011 I think at this point the only way to control inflation is to raise the value of their currency. RV or sink. I think the CBI has already said as much. Link to comment Share on other sites More sharing options...
FrankenSLI Posted August 22, 2011 Report Share Posted August 22, 2011 So increased demand for the dinar is causing infaltion?? Wha? Increased wages causes issues.. I must be missing something.... Link to comment Share on other sites More sharing options...
RodandStaff Posted August 23, 2011 Report Share Posted August 23, 2011 I.... am.... not.... sure... of...what I just read.... hahahahaha... Well, it's like this... umm... ahhh... like... yeah, I'm with ya there buddy! Link to comment Share on other sites More sharing options...
cooked Posted August 23, 2011 Report Share Posted August 23, 2011 Websters dictionary Control inflation: see RV. Here little pink piggy piggy Link to comment Share on other sites More sharing options...
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