Economists warn of “vicious circle of inflation” in Iraq

[trooper]

* Economists warn of “vicious circle of inflation” in Iraq

November 11th, 2011 02:33 pm

Tries to the Iraqi Central Bank to maintain levels of inflation, current, amounting according to latest reports 7.6%. and the Deputy Governor of the Bank Mazhar Mohammad Saleh said in a statement made ​​by the Radio Free Iraq that the bank monitors continuously levels of inflation, and will not hesitate to intervene strongly in the event of a rise of two places decimal places or more over the monetary policy tools of Baharta exchange rate and interest of the Iraqi dinar.

Saleh explained that the continuing high rates of inflation below the 3% earlier this year to 7.6% currently, due to import sub-total for food products, which are bourse down to a wave of speculation, What led to the high rate of prices of these materials by 140% since 2000 until now, has led to what is termed the “imported inflation”, which reflected negatively on the economy of Iraq, he creates what is called the “state of inflationary expectations,” which is more dangerous than inflation up the same on the budgets of states in general, because it is accelerating the pace of rising price index. The second reason for the rising rate of inflation is to waste and extravagance and corruption in the operating budget of the Iraqi state, with corresponding increase in operational budget decline in production, as well as waste in government expenditure of fuel consumption, buy furniture, cars, and the like, what threatens the consequences of catastrophic to the local economy, as was described by Deputy Governor of the Central Bank. Not only did the Iraqi economists, including Dr. Hilal Al-Taan shared central bank warnings, but they went even further, warning of the collapse of the the currency in light of the economic data and inflationary crisis, and the fall of the Iraqi economy in the so-called “vicious circle of inflation”, which means among other things means, the transition to release cash without a cover, as happened in the nineties of the last century. The economic expert as Abdul Hadi sees that the average General inflation will continue to rise over the coming months, and will not do any good tools of monetary policy the Central Bank of benefit in restrained, because the supply of commodity and service the local is still absent from the economic landscape, and there is instead a display of foreign importer, and the situation of dumping experienced by the local market since 2003 and even Now.

http://www.iraqhurr.org/content/article/24388292.html

[marknet73]

Looks like they still have a long way to go...

[steveflex7]

I love these inflation articles. The CBI is getting worried about it approaching the 10 % red zone. If it comes close enough, Shabbs is gunna pull the trigger.

[redsand]

Looks like they still have a long way to go...

Marknet...this is something you want to hear. It helps the cause for the urgency of financial change.

[bamagirl]

Thanks for posting Trooper!!

[Hawaii 50]

* Economists warn of “vicious circle of inflation” in Iraq

November 11th, 2011 02:33 pm

Tries to the Iraqi Central Bank to maintain levels of inflation, current, amounting according to latest reports 7.6%. and the Deputy Governor of the Bank Mazhar Mohammad Saleh said in a statement made ​​by the Radio Free Iraq that the bank monitors continuously levels of inflation, and will not hesitate to intervene strongly in the event of a rise of two places decimal places or more over the monetary policy tools of Baharta exchange rate and interest of the Iraqi dinar.

Saleh explained that the continuing high rates of inflation below the 3% earlier this year to 7.6% currently, due to import sub-total for food products, which are bourse down to a wave of speculation, What led to the high rate of prices of these materials by 140% since 2000 until now, has led to what is termed the “imported inflation”, which reflected negatively on the economy of Iraq, he creates what is called the “state of inflationary expectations,” which is more dangerous than inflation up the same on the budgets of states in general, because it is accelerating the pace of rising price index. The second reason for the rising rate of inflation is to waste and extravagance and corruption in the operating budget of the Iraqi state, with corresponding increase in operational budget decline in production, as well as waste in government expenditure of fuel consumption, buy furniture, cars, and the like, what threatens the consequences of catastrophic to the local economy, as was described by Deputy Governor of the Central Bank. Not only did the Iraqi economists, including Dr. Hilal Al-Taan shared central bank warnings, but they went even further, warning of the collapse of the the currency in light of the economic data and inflationary crisis, and the fall of the Iraqi economy in the so-called “vicious circle of inflation”, which means among other things means, the transition to release cash without a cover, as happened in the nineties of the last century. The economic expert as Abdul Hadi sees that the average General inflation will continue to rise over the coming months, and will not do any good tools of monetary policy the Central Bank of benefit in restrained, because the supply of commodity and service the local is still absent from the economic landscape, and there is instead a display of foreign importer, and the situation of dumping experienced by the local market since 2003 and even Now.

http://www.iraqhurr.org/content/article/24388292.html

YOU ARE A VERY DOWN PERSON. You need to find something positive. To much of a SCAry World news. You never hear 1/3 of this garb in the VIP sections.

[trooper]

I'm sorry your Highness, What are you doing slumming with the common folk.. If all you want are Rv articles why not go to Okie's site... Maybe while your there you'll be able to find Unicorns and pixies... News is news good or bad even if i don't agree with it someone else could shed light on the topic... It's all about learning... Yet it seems you like to bash me anytime something that doesn't fit in your box.. C'est la vie