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Central bank: the high price of real estate index is dangerous and lead to higher inflation
History of edits :: 1331274820 • 2 time readable
Central Bank of Iraq announced that "the housing crisis in the country a serious indicator and should give an indication as to face even more dangerous to the high rates of inflation during the coming period.
The deputy governor of the Bank Mazhar Mohammad Saleh said that "an inflation comes in higher prices for real estate to very high levels, leading to increased prices of food and industrial goods in the domestic market, and this is what makes inflation index rises gradually."
He added that "the government should put its priorities in solving the housing crisis as it gives an indication of serious inflation in the coming period and may lead to economic problems, despite the central bank's control of it." Ended 2
Updating: 09/03/2012 9:33
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History of edits :: 1331274820 • 2 time readable
Central Bank of Iraq announced that "the housing crisis in the country a serious indicator and should give an indication as to face even more dangerous to the high rates of inflation during the coming period.
The deputy governor of the Bank Mazhar Mohammad Saleh said that "an inflation comes in higher prices for real estate to very high levels, leading to increased prices of food and industrial goods in the domestic market, and this is what makes inflation index rises gradually."
He added that "the government should put its priorities in solving the housing crisis as it gives an indication of serious inflation in the coming period and may lead to economic problems, despite the central bank's control of it." Ended 2
Updating: 09/03/2012 9:33
[You must be registered and logged in to see this link.]
