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Economist: 2011 saw a decline in the fiscal and monetary policy
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Author: the future of Iraq
01/03/2012 0:00
The future of Iraq / special
said an economist, "The past year witnessed a weakness in the performance of fiscal and monetary policy, is it not to take any step towards the implementation of the Iraqi government's decision taken since 2004, and included amortization of debt owed by Iraq from several countries." He noted that in his speech "Future of Iraq" that "Iraq condemns the nearly $ 800 million to Poland and like him to Jordan, while the debt is Saudi Arabia and Kuwait nearly $ 23 million, and Egypt up to $ 500 million, and total debt of Turkey $ 800 million, in addition to a number of other States owes Iraq small amounts. "On the other hand pointed out that" the Iraqi dinar began to fluctuate in three months for several reasons is the weak monetary policy instruments to protect the Iraqi dinar, and a slowdown in the central bank to sell the dollar, and exit of U.S. troops from Iraq, "adding that" the Americans have begun to sell all the assets of the furniture, generators and other supplies and converted to the dollar, leading to flood the market with the Iraqi dinar and the withdrawal of the dollar of it, which is not entitled to do under Iraqi law without the approval of the government, because their goods entered Iraq on a temporary basis and without any taxes conductor; ticket man. "It is worth mentioning The inflation rate reached three months ago to 3.4%, and exceeded the time being 8%. and confirms observers and economists that inflation will exceed the 10% in the coming period, which would speed up to sound the alarm inside the homes of the poor and low-income employees, workers and retirees.
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