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CBI plans to reduce the high rate of inflation


DRV1804
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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

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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

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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

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