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The appearance of favor: the country is witnessing a gap} {stasis is inflationary
At a time when the government is seeking to cover the costs and expenses during the current year from oil revenues, without the approval of the budget in 2014 and rising unemployment rates, and despite sounding the alarm of the "economic downturn", the annual inflation indicators recorded figures are considered within normal limits.
With diminishing oil revenues after the recent decline in world prices, but the Iraqi economy did not hurt the status of "inflation," which was estimated at 2 percent through September, according to the Ministry of Planning, considered by observers as a natural indicators.
As The crisis experienced by the country recently as a result of delay in approving the 2014 budget year, and the repercussions of the terrorist attacks by "Daash" gangs, and displacement that left large numbers of unemployed, which increased unemployment rates, formed additional financial burden to strain the state budget.
He spoke in this regard economist Dr. appearance of Mohammed Saleh "morning", he said: "In general, does not happen inflation if monetary policy remains intact and maintain the stability of the dinar and the dollar through existing reserves (that creates the dinar and the dollar is the government's resources of oil) so in the event of falling scarcity in the dinar and the dollar will happen with imports continuing to provide the goods. "
Saleh promised time that the country is experiencing a "transitional" because of the economic downturn coupled with the lack of job opportunities and increasing unemployment and declining resources (if the few, the liquidity will be a few because they are translated into dinars returns), despite the offer of commodity sufficient.
He noted that the supply of commodity and consumer available at the moment because the central bank needs in terms of switching the dinar to the dollar for the import process, so the economy did not suffer inflation, especially given that the annual indicators recorded figures within "normal limits". Saleh and saw what is happening is "stasis gap" is not inflationary, unlike the years before 2003, which allowed the emergence of inflationary monetary gap causes a lack of liquidity, which led to a cash deficit and inflation structural causes within the economy as the currency bloc do not cover financial transactions, to Besides the weak purchasing power.
Study monetary gap in inflation conditions have shown before 2003 cash deficit, which means that the demand for money (actual and desired) is broader than the growth rates in view the actual cash according to the institutional conditions (fiscal and monetary).
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At a time when the government is seeking to cover the costs and expenses during the current year from oil revenues, without the approval of the budget in 2014 and rising unemployment rates, and despite sounding the alarm of the "economic downturn", the annual inflation indicators recorded figures are considered within normal limits.
With diminishing oil revenues after the recent decline in world prices, but the Iraqi economy did not hurt the status of "inflation," which was estimated at 2 percent through September, according to the Ministry of Planning, considered by observers as a natural indicators.
As The crisis experienced by the country recently as a result of delay in approving the 2014 budget year, and the repercussions of the terrorist attacks by "Daash" gangs, and displacement that left large numbers of unemployed, which increased unemployment rates, formed additional financial burden to strain the state budget.
He spoke in this regard economist Dr. appearance of Mohammed Saleh "morning", he said: "In general, does not happen inflation if monetary policy remains intact and maintain the stability of the dinar and the dollar through existing reserves (that creates the dinar and the dollar is the government's resources of oil) so in the event of falling scarcity in the dinar and the dollar will happen with imports continuing to provide the goods. "
Saleh promised time that the country is experiencing a "transitional" because of the economic downturn coupled with the lack of job opportunities and increasing unemployment and declining resources (if the few, the liquidity will be a few because they are translated into dinars returns), despite the offer of commodity sufficient.
He noted that the supply of commodity and consumer available at the moment because the central bank needs in terms of switching the dinar to the dollar for the import process, so the economy did not suffer inflation, especially given that the annual indicators recorded figures within "normal limits". Saleh and saw what is happening is "stasis gap" is not inflationary, unlike the years before 2003, which allowed the emergence of inflationary monetary gap causes a lack of liquidity, which led to a cash deficit and inflation structural causes within the economy as the currency bloc do not cover financial transactions, to Besides the weak purchasing power.
Study monetary gap in inflation conditions have shown before 2003 cash deficit, which means that the demand for money (actual and desired) is broader than the growth rates in view the actual cash according to the institutional conditions (fiscal and monetary).
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