Economist predicts lower inflation rates; Says large amounts of cash pumping into economy

[Docneose]

Economist predicts lower inflation rates; Says large amounts of cash pumping into economy

Posted: December 24, 2011 in Iraqi Dinar/Politics

Tags: Baghdad, Central Bank Iraq, Currency, Economy of Iraq, exchange rate, Iraq, iraqi, Iraqi dinar

Expert expects lower inflation rates .. Attributes the rise to pump large amounts of money into the market

On: Sat 12/24/2011 8:25

Baghdad (news) .. Suggested an economic expert peace Sumaisem lower rates of inflation in the Iraqi economy in the coming period, explaining the reasons for rise in the current period to pump large amounts of cash to the Iraqi market.

The Sumaisem in a statement to the Agency (news) on Saturday: that the reasons for increased rates of inflation in Iraq during the current period due to pump large amounts of cash into local markets through the distribution of loans and advances and salary increases, and continued: in addition to a deficiency in the production local, ie, there is great demand for the goods against the limited offer in the market, this leads to increased rates of inflation in the Iraqi market.

She: The citizens appeared to them new modes of consumption as a result of trade liberalization around the world, so it becomes the amount of goods and services sold in the domestic market is less income available to the individual that is what also lead to inflation in the Iraqi market.

She economic expert: that inflation will fall during the coming period as a result of the Iraqi dinar exchange rate, which fell long ago, and now returned almost to its price, they followed the differences between the exchange rate of Iraq will be low rates of inflation in the Iraqi economy.

Earlier, the Ministry of Planning and Development Cooperation for registered a slight increase indexed to inflation in Iraq for the month of October last rose 0.3% compared with September the previous year.

The earlier statement of the ministry received the Agency (news) a copy of the inflation indices for the period from October 2010 until October 2011 saw were higher by 5%.

The statement added that the Central Bureau of Statistics completed the inflation report for the month of October 2011 which was prepared on the basis of collected field data on the prices of goods and services components of the consumer basket of selected sample of outlets in all provinces of the country.

http://bit.ly/tifWDD

[Papster]

She economic expert: that inflation will fall during the coming period as a result of the Iraqi dinar exchange rate, which fell long ago, and now returned almost to its price, they followed the differences between the exchange rate of Iraq will be low rates of inflation in the Iraqi economy.

i like this statement........GO DINAR

[yota691]

i like this statement........GO DINAR

If we could be political correct that would mean a RI

[truf]

The value fell then came back to 1170.