Could be nothing.....

[fnbplanet]

CBI link

I copy/paste the economic data figures when there are changes, and keep a copy until it changes again (because I just do stuff like that). I have been anxiously awaiting the posting of the most recent inflation numbers.

The first set of numbers is from November 1st. Look at the Current account deficit/GDP number. Below is the currently posted numbers. Maybe it's a mistake by their webmaster (I use that term verrrry loosely).

ECONOMIC DATA

Interest rates

CBI policy rate (valid from 1 Apr 2010) 6%

IQD 7 day deposit 4%

Primary credit facility 8%

Economic indicators

Core inflation (YoY): Aug 2011 7.25%

Inflation (YoY): Aug 2011 5.11%

M2 growth (YoY): Aug 2011 14.5%

For 2011F:

GDP - real growth rate 9.6%

Budget deficit/GDP 13.7%

Current account deficit/GDP 10.9%

Net foreign reserves $58B

Then this from today:

ECONOMIC DATA

Interest rates

CBI policy rate (valid from 1 Apr 2010) 6%

IQD 7 day deposit 4%

Primary credit facility 8%

Economic indicators

Core inflation (YoY): Sep 2011 7.25%

Inflation (YoY): Sep 2011 5.11%

M2 growth (YoY): Aug 2011 14.5%

For 2011F:

GDP - real growth rate 9.6%

Budget deficit/GDP 13.7%

Current account deficit/GDP 0.9%

Net foreign reserves $58B

BIG difference, eh? Anyone know what that could be, if it ISN'T a mistake?

[IowaDinar]

CBI link

I copy/paste the economic data figures when there are changes, and keep a copy until it changes again (because I just do stuff like that). I have been anxiously awaiting the posting of the most recent inflation numbers.

The first set of numbers is from November 1st. Look at the Current account deficit/GDP number. Below is the currently posted numbers. Maybe it's a mistake by their webmaster (I use that term verrrry loosely).

ECONOMIC DATA

Interest rates

CBI policy rate (valid from 1 Apr 2010) 6%

IQD 7 day deposit 4%

Primary credit facility 8%

Economic indicators

Core inflation (YoY): Aug 2011 7.25%

Inflation (YoY): Aug 2011 5.11%

M2 growth (YoY): Aug 2011 14.5%

For 2011F:

GDP - real growth rate 9.6%

Budget deficit/GDP 13.7%

Current account deficit/GDP 10.9%

Net foreign reserves $58B

Then this from today:

ECONOMIC DATA

Interest rates

CBI policy rate (valid from 1 Apr 2010) 6%

IQD 7 day deposit 4%

Primary credit facility 8%

Economic indicators

Core inflation (YoY): Sep 2011 7.25%

Inflation (YoY): Sep 2011 5.11%

M2 growth (YoY): Aug 2011 14.5%

For 2011F:

GDP - real growth rate 9.6%

Budget deficit/GDP 13.7%

Current account deficit/GDP 0.9%

Net foreign reserves $58B

BIG difference, eh? Anyone know what that could be, if it ISN'T a mistake?

Great find & Very interesting!

[bamagirl]

I have no idea but I'm REAL interested to see what some of the others might say... +1 for the find!

[IowaDinar]

CBI link

I copy/paste the economic data figures when there are changes, and keep a copy until it changes again (because I just do stuff like that). I have been anxiously awaiting the posting of the most recent inflation numbers.

The first set of numbers is from November 1st. Look at the Current account deficit/GDP number. Below is the currently posted numbers. Maybe it's a mistake by their webmaster (I use that term verrrry loosely).

ECONOMIC DATA

Interest rates

CBI policy rate (valid from 1 Apr 2010) 6%

IQD 7 day deposit 4%

Primary credit facility 8%

Economic indicators

Core inflation (YoY): Aug 2011 7.25%

Inflation (YoY): Aug 2011 5.11%

M2 growth (YoY): Aug 2011 14.5%

For 2011F:

GDP - real growth rate 9.6%

Budget deficit/GDP 13.7%

Current account deficit/GDP 10.9%

Net foreign reserves $58B

Then this from today:

ECONOMIC DATA

Interest rates

CBI policy rate (valid from 1 Apr 2010) 6%

IQD 7 day deposit 4%

Primary credit facility 8%

Economic indicators

Core inflation (YoY): Sep 2011 7.25%

Inflation (YoY): Sep 2011 5.11%

M2 growth (YoY): Aug 2011 14.5%

For 2011F:

GDP - real growth rate 9.6%

Budget deficit/GDP 13.7%

Current account deficit/GDP 0.9%

Net foreign reserves $58B

BIG difference, eh? Anyone know what that could be, if it ISN'T a mistake?

Great find & Very interesting!

[CrappieShark]

It would look like they are now consuming a lot of their own goods so the percentage spent for goods has dropped significantly Dont know how it would relate to RV but it could I suppose.

[audigger]

Action to reduce a substantial current account deficit usually involves increasing exports (goods going out of a country and entering abroad countries) or decreasing imports (goods coming from a foreign country into a country). Firstly, this is generally accomplished directly through import restrictions, quotas, or duties (though these may indirectly limit exports as well), or subsidizing exports. Influencing the exchange rate to make exports cheaper for foreign buyers will indirectly increase the balance of payments. Also, Currency wars, a phenomenon evident in post recessionary markets is a protectionist policy, whereby countries devalue their currencies to ensure export competitiveness. Secondly, current account deficit are reduced by promoting investor friendly environment, i.e., foreign direct investment (FDI), foreign institutional investors (FII), the income from these foreign investments positively contributes to current account. Thirdly, adjusting government spending to favor domestic suppliers is also effective.

Less obvious methods to reduce a current account deficit include measures that increase domestic savings (or reduced domestic borrowing), including a reduction in borrowing by the national government.

[DinarDana]

Action to reduce a substantial current account deficit usually involves increasing exports (goods going out of a country and entering abroad countries) or decreasing imports (goods coming from a foreign country into a country). Firstly, this is generally accomplished directly through import restrictions, quotas, or duties (though these may indirectly limit exports as well), or subsidizing exports. Influencing the exchange rate to make exports cheaper for foreign buyers will indirectly increase the balance of payments. Also, Currency wars, a phenomenon evident in post recessionary markets is a protectionist policy, whereby countries devalue their currencies to ensure export competitiveness. Secondly, current account deficit are reduced by promoting investor friendly environment, i.e., foreign direct investment (FDI), foreign institutional investors (FII), the income from these foreign investments positively contributes to current account. Thirdly, adjusting government spending to favor domestic suppliers is also effective.

Less obvious methods to reduce a current account deficit include measures that increase domestic savings (or reduced domestic borrowing), including a reduction in borrowing by the national government.

Thanks for the information - nice.

[MovieMaker]

Thanks for the time you spend on this, and posting time for us.

[JenniMo]

things that make u go hmmmmm.

[TBB]

Interesting

[kittycat]

CBI link

I copy/paste the economic data figures when there are changes, and keep a copy until it changes again (because I just do stuff like that). I have been anxiously awaiting the posting of the most recent inflation numbers.

The first set of numbers is from November 1st. Look at the Current account deficit/GDP number. Below is the currently posted numbers. Maybe it's a mistake by their webmaster (I use that term verrrry loosely).

ECONOMIC DATA

Interest rates

CBI policy rate (valid from 1 Apr 2010) 6%

IQD 7 day deposit 4%

Primary credit facility 8%

Economic indicators

Core inflation (YoY): Aug 2011 7.25%

Inflation (YoY): Aug 2011 5.11%

M2 growth (YoY): Aug 2011 14.5%

For 2011F:

GDP - real growth rate 9.6%

Budget deficit/GDP 13.7%

Current account deficit/GDP 10.9%

Net foreign reserves $58B

Then this from today:

ECONOMIC DATA

Interest rates

CBI policy rate (valid from 1 Apr 2010) 6%

IQD 7 day deposit 4%

Primary credit facility 8%

Economic indicators

Core inflation (YoY): Sep 2011 7.25%

Inflation (YoY): Sep 2011 5.11%

M2 growth (YoY): Aug 2011 14.5%

For 2011F:

GDP - real growth rate 9.6%

Budget deficit/GDP 13.7%

Current account deficit/GDP 0.9%

Net foreign reserves $58B

BIG difference, eh? Anyone know what that could be, if it ISN'T a mistake?

Given the numbers in both sets are virtually the same........I think it is a typo!!

Edited November 21, 2011 by kittycat