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CBI: monetary policy will develop treatments to reduce the high annual inflation
20/06/2011 12:29
Baghdad, June 20 (Rn) - The Central Bank of Iraq, Monday, that monetary policy is able to reduce the persistence of high inflation in the country.
The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "monetary policy and through the Central Bank of Iraq has a legal and financial tools to meet the continuing high inflation in the country."
He n "current annual inflation still under control because it did not exceed one decimal place, which is something Tabaaa and there is a tendency to reduce it real."
He continued that "the persistence of high inflation in the country because of lack of diversification of imports of the Iraqi economy and the decline of the private sector in the ability to meet the capital goods imported."
Announced that the Ministry of Planning and Development Cooperation for the high inflation rate in May rose (0.1%) compared with the month of April.
The ministry revealed the high indicators of inflation for the month of April by 0.8% for the month of March and by 5.8% for the month of April 2010.
Defines inflation as excessive in the general level of prices and rising incomes in cash or a component of cash income such as wages or profits as well as high costs and over-the creation of cash balances. And worried about a number of economists from the continuing high rates of inflation in the country in the absence of mechanisms to reduce height of the governmental institutions on the management of the economy in the country
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
Wanan of Jafar, the Open: Peace Baghdadi
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20/06/2011 12:29
Baghdad, June 20 (Rn) - The Central Bank of Iraq, Monday, that monetary policy is able to reduce the persistence of high inflation in the country.
The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "monetary policy and through the Central Bank of Iraq has a legal and financial tools to meet the continuing high inflation in the country."
He n "current annual inflation still under control because it did not exceed one decimal place, which is something Tabaaa and there is a tendency to reduce it real."
He continued that "the persistence of high inflation in the country because of lack of diversification of imports of the Iraqi economy and the decline of the private sector in the ability to meet the capital goods imported."
Announced that the Ministry of Planning and Development Cooperation for the high inflation rate in May rose (0.1%) compared with the month of April.
The ministry revealed the high indicators of inflation for the month of April by 0.8% for the month of March and by 5.8% for the month of April 2010.
Defines inflation as excessive in the general level of prices and rising incomes in cash or a component of cash income such as wages or profits as well as high costs and over-the creation of cash balances. And worried about a number of economists from the continuing high rates of inflation in the country in the absence of mechanisms to reduce height of the governmental institutions on the management of the economy in the country
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
Wanan of Jafar, the Open: Peace Baghdadi
[You must be registered and logged in to see this link.]
