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Planning: the size of the monetary mass behind the high rates of inflation in Iraq
Economie- 02-23-2022 10:19 AM - Read: 2,933
The Ministry of Planning in the federal government revealed that inflation in Iraq has risen by six percent.
The official spokesman for the Ministry of Planning, Abdul-Zahra Al-Hindawi, said that several internal and external factors are behind the annual inflation of the currency in the country, in addition to the size of the monetary mass in circulation and the investment rate.
He also confirmed that the inflation index increased during this year by six percent, which is a natural and logical rise according to the economic reality of the country, especially after the indicators witnessed a remarkable rise worldwide, affected by the repercussions of the Corona pandemic, and the rise in prices globally.
Al-Hindawi added that the main factor for the rise and fall of inflation is related to the volume of currency available for circulation, investments and imports.
Planning: the size of the monetary mass behind the high rates of inflation in Iraq
Economie- 02-23-2022 10:19 AM - Read: 2,933
The Ministry of Planning in the federal government revealed that inflation in Iraq has risen by six percent.
The official spokesman for the Ministry of Planning, Abdul-Zahra Al-Hindawi, said that several internal and external factors are behind the annual inflation of the currency in the country, in addition to the size of the monetary mass in circulation and the investment rate.
He also confirmed that the inflation index increased during this year by six percent, which is a natural and logical rise according to the economic reality of the country, especially after the indicators witnessed a remarkable rise worldwide, affected by the repercussions of the Corona pandemic, and the rise in prices globally.
Al-Hindawi added that the main factor for the rise and fall of inflation is related to the volume of currency available for circulation, investments and imports.
