Central Bank announces rise in the inflation rate to more than 7% in July

[BondLady]

Central Bank announces rise in the inflation rate to more than 7% in July Editor: MN | NQSunday, 28 August 2011 10:36 GMT26944 http://www.alsumarianews.com/ NewsDetailsDeputy Governor of the Central Bank of the appearance of Mohammed Saleh

Deputy Governor of the Central Bank of the appearance of Mohammed SalehAlsumaria News / Baghdad

Central Bank of Iraq, Sunday, the high inflation rate to more than 7% during the month of July, while expressing concern about the aspect ratio in spite of it under one decimal place, he stressed that monetary policy will limit this trend and absorb part of the demand pressures and inflation expectations. The deputy governor of Central Bank of Iraq the appearance of Mohammed in an interview for "Alsumaria News", "Iraq has begun bear inflation dollar area and beyond, where the inflation rate during the month of July 7.1%," asserting that "the country affected by inflation because Astiradadtha and the weakness of the dollar. " Saleh added that "the dollar if he was weak in his area, there is no problem," noting that "the problem is the high inflation in the dollar zone." Saleh continued that "the number of inflation is still under the mattress decimal one, but he began to worry , "pointing out that" monetary policy is monitoring the situation in the case continued to escalate and reached two places decimal, it will limit this trend and absorb part of the demand pressures and inflation expectations. " Saleh pointed out that "the issue of runaway inflation had ended in Iraq," stressing at the same time " the existence of waves of inflation between now and then remain in the shadow place decimal one was approaching from the favorites of decades, "he says. The Vice Governor of the Central Bank to "a failure of development policy in Iraq and structural weaknesses in the conduct of economic policy," calling to "amend this policy continued seven years ago. " He also explained that "the rate of sales of Central Bank of Iraq in one day some 150 million dollars," noting that "this number is comfortable to trade Iraq's foreign despite some fluctuations." It was the Iraqi Central Bank expected in the 22 of June, that volume of inflation in Iraq during the same month to 7%, and while he noted that the rise in oil prices in global markets, one of the causes of inflation in the country, he stressed that commodity production National weak compared with the output service which is witnessing a rise. has already said the Ministry of Planning and Development Cooperation Iraq, last June, the inflation index has been rising slightly in May 2011, compared to the previous month, stressing that the rate of inflation rose by a large margin compared with May of last year 2010, while the ministry announced during last April, a decline in the inflation index for the month of March the past, by 7% compared to the previous month, and height compared to Bamar 2010. The Iraqi Central Bank was established as a bank independent under the law of the Central Bank of Iraq issued on the sixth of March of 2004, and is responsible for maintaining price stability, monetary policy implementation, including the exchange rate policies, and management of foreign reserves, and the issuance of currency management, as well as to regulate the banking sector to promote a competitive financial system and independently

http://www.alsumarianews.com/ar/3/26944/news-details-.html

[Butifldrm]

Thanks BondLady, Inflation is definetly the stimulus to adjust the exchange rate. If inflation was 7% in July, it must be higher now.

[BondLady]

my pleasure and ty kindly...BL

[tennesseem]

news worth reading! thanks bond lady.

[TonyDownTheShore]

Any real news are welcome here on this site.

keep up the good work BondLady.

[flboy]

Bond Lady, Glad you are back, like your views. Continue onward.

[sanders2340]

Great Post BondLady!

Thanks for all you do

[BondLady]

ty kindly every one if i can get a few minutes soon ill try to break this article down, again ty for your continued support, go iraq, go rv...BL

[BondLady]

Central Bank of Iraq,**** Sunday,**** the high inflation rate to more than 7% during the month of July,**** while expressing concern***** about the aspect ratio *****in spite of it under one decimal place,****** he stressed that monetary policy***** will limit this trend*** and absorb part of the demand***** pressures***** and**** inflation expectations.***** The deputy governor of Central Bank of Iraq the appearance of Mohammed******* in an interview for "Alsumaria News", *******"Iraq has begun****** bear inflation***** dollar area******* and beyond,**** where the inflation rate**** during the month of July 7.1%,"******* asserting that "the country****** affected by inflation***** because**** Astiradadtha**** and the weakness***** of the dollar.****** " Saleh added that *****"the dollar *****if he was weak in his area,***** there is no problem,"***** noting that***** "the problem****** is the high inflation**** in the dollar zone.*******" Saleh continued ******that "the number of inflation****** is still***** under the mattress decimal one,***** but he began to worry ,****** "pointing out that"******* monetary policy****** is monitoring ******the situation***** in the case continued to escalate******** and reached two places decimal*****, it will limit this trend ******and absorb part******** of the demand pressures****** and inflation expectations.***** " Saleh pointed out**** that "the issue *****of runaway inflation***** had ended in Iraq,"***** stressing at the same time "****** the existence****** of waves of inflation***** between**** now**** and *****then**** remain in the shadow place**** decimal***** one was approaching***** from the favorites***** of decades,***** "he says.**** The Vice Governor of the Central Bank***** to ****"a failure of development policy in Iraq***** and structural weaknesses******* in the conduct of economic policy,"****** calling to ******"amend this policy *****continued******* seven years ago. *****" He also explained that**** "the rate of sales of Central Bank of Iraq***** in one day****** some 150 million dollars,"****** noting that******* "this number is comfortable**** to trade****** Iraq's foreign***** despite ******some fluctuations."**** It was the Iraqi Central Bank *****expected in the 22 of June,****** that volume of inflation in Iraq *****during the same month to 7%,***** and while he noted *****that the rise in oil prices in global markets,***** one of the causes of inflation in the country,***** he stressed that commodity production ******National weak**** compared with**** the output service**** which is witnessing a rise.***** has already said***** the Ministry of Planning and Development Cooperation Iraq,**** last June,****** the inflation index***** has been rising slightly in May 2011,***** compared to the previous month,***** stressing that**** the rate of inflation *****rose by a large margin***** compared with May of last year 2010, *******while the ministry*** announced*** during last April*****, a decline*** in the inflation index****** for the month of March the past,****** by 7% ******compared to the previous month,***** and height compared to Bamar 2010.*** The Iraqi Central Bank**** was established***** as a bank *****independent****** under the law***** of the Central Bank of Iraq *******issued on the sixth of March of 2004,***** and is responsible***** for maintaining****** price stability,****** monetary policy implementation,****** including******* the exchange rate policies,***** and management of foreign reserves*****, and *****the issuance ******of currency management,***** as well as to***** regulate the banking sector***** to promote a competitive*****financial system *****and***** independently******imo.....straight from the CBI, voices there concerns of inflation, i remember a couple of years ago when iraq was suffering from true hyper inflation , shabibi had came out and said let the inflation go down into the single digets and he would revalue the currency, i remember as we all watched each little decline in inflation just waiting for it to get to 9.9% lol i remember the excitement as it hit that number this was like 2 1/2 to 3 years ago i believe, and i waited on pins an needles as i expected it to just rv at that moment lol, man ive learned a lot more sense then lol, there was so much more involved in this than we could ever imagine at that time, then recently we saw the cbi say it wouldnt let inflation go over 10% that was a biggie as inflation was then at around 6%, then cbi came again sayin it wouldnt let it go over 7% and then we saw with the decline in the usd it caused iraqs inflation to rise fast an the cbi adjusted there interest rates which brot it back down but it was only a quick fix right before ramadan, an then with ramadan and the markets jacking up there prices and some imports being charged taxes and the stalls at the borders while they examined goods, and the usa economy affecting the worlds economy...iraqs inflation rose again... the imf set guidlines for iraq to follow and standards they had to go by where inflation was concerned and u can find this info on the cbi, they were to keep it under 5%, now there not doing this now are they, and shabibi has said if it red lined he will do what he has to do to bring it back down, he also says in this article...

Saleh continued that***** "the number of inflation****** is still under the mattress ****decimal one*****, but he began to worry ****, "pointing out that"***** monetary policy***** is monitoring the situation ****in the case ******continued to escalate***** and reached****** two places decimal,****** it will limit this trend****** and**** absorb part of the demand pressures**** and inflation expectations. " *******that shabibi will do what he has to to keep it in the single digets and if it hits double digets he will act quickly to absorb the inflation but for now he says its still below 10%, but for shabibi to say all he did here inflation in iraq is close to the red line, and this to me is almost a warning to the government to expedite the laws the cbi needs to be passed into law so shababy can do his job and control these problems and inact his new monetary policy,the realese of the lower denominations, and imo the revalue of its currency, i know not all will share my opinons but i ask u to keep a open mind as we watch things evolve in iraq. i hope ive been acurate and i hope ive helped in understanding, ty all...drops the mic and walks off....BondLady

[Mahmoud]

Implications of the draft central bank aimed to delete the three zeroes from the currency of national debate among economists on the one hand and questions of citizens on the other hand.

The deputy governor of the Central Bank of d. The appearance of Mohammed Saleh for “morning,” said the draft resolution falls within the monetary policy of reform in order to reduce the money supply of hand and calculate the mass of the other.

Saleh explained that this project long term needs to be two or three years and needs a strategy and timing until the completion of the conviction to the project. He suggested that this draft resolution was commissioned by the Economic Commission in 2007 and went on trading of more than 5 years.

And played down in favor of the concerns that Taatari some effects that may result from its application, pointing out that many countries went through this experience, and explained that the draft resolution presented to the Council of Ministers and the Economic Commission and the Parliament in order to enrich the discussion and leave the decision of the proper rule out all the side effects social mother was an economic and called for giving the opportunity to study it before judging it.

He was surprised at the benefit of flying some of this decision, pointing out that the cluster size cash trillions do not exist only in the U.S. and Iraq, and its presence in America reflects the strength and the strength of its economy, either in Iraq is thus expressed cases of inflation and the weak national economy.

He adds that the trend is towards reducing the cash block to rein in inflation on the one hand and raise the value of the Iraqi dinar against foreign currencies on the other hand. and Saleh revealed that the currency will include the proposed coins for small groups to ensure that walking in the local market transactions.

http://bit.ly/nOdI3H

[BlueOrchid919]

This was posted several days ago.

[BondLady]

but yet it made the news head lines today....jus sayin lol

[BlueOrchid919]

Several news sources will take the same article and run it over several days or weeks. just sayin

[BondLady]

u can delete it if u want to, its a great article i dont care who put it out or when its a recent article and im very well aware how the news sites do, bein in this over 7 yrs, i understand that but this article and the breakdown is extremly telling of the critical redline in iraqs inflation and economy right now, thats all ......sorry it offended u, it can be removed i wont mind..thx an have a good day...BL