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CBI: high annual inflation for the month in 2010 compared Tmosalmadi
Baghdad, August 19 / August (Rn) – Deputy Governor of Central Bank of Iraq, Friday, that the rise in inflation for the month of July in 2011 compared Balchehrnevsh of 2010 by 7.1% after it was last year’s 2.4% due to higher prices of allowances for rental residential buildings .
The Ministry of Planning and Development Cooperation for the annual general inflation for the month of July by 6.2% ..
The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the rise in inflation for the month of July in 2011 compared Balchehrnevsh of 2010, which amounted to 7.1%, up from last year’s 2.4% return causes the high prices of allowances Astijaralldor housing in the country.”
He added that “the central bank will reduce the high inflation to decimal again after that new plans are developed to monitor the demand for the Iraqi dinar.”
He said the “low inflation requires the activation of development projects and reduce the demand for the dinar Alaariqa for the purpose of projects to be overlooked by the consumer to reduce the rate of inflation foundation of the Iraqi dinar”
Known that excessive inflation 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.
Fear and a number of economists from the continuing high rates of inflation in the country in the absence of mechanisms to limit the height of the governmental institutions on the management of the economy in the country
Baghdad, August 19 / August (Rn) – Deputy Governor of Central Bank of Iraq, Friday, that the rise in inflation for the month of July in 2011 compared Balchehrnevsh of 2010 by 7.1% after it was last year’s 2.4% due to higher prices of allowances for rental residential buildings .
The Ministry of Planning and Development Cooperation for the annual general inflation for the month of July by 6.2% ..
The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the rise in inflation for the month of July in 2011 compared Balchehrnevsh of 2010, which amounted to 7.1%, up from last year’s 2.4% return causes the high prices of allowances Astijaralldor housing in the country.”
He added that “the central bank will reduce the high inflation to decimal again after that new plans are developed to monitor the demand for the Iraqi dinar.”
He said the “low inflation requires the activation of development projects and reduce the demand for the dinar Alaariqa for the purpose of projects to be overlooked by the consumer to reduce the rate of inflation foundation of the Iraqi dinar”
Known that excessive inflation 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.
Fear and a number of economists from the continuing high rates of inflation in the country in the absence of mechanisms to limit the height of the governmental institutions on the management of the economy in the country
