Home
Qurtas News / Baghdad significant concerns revealed by specialized companies in the management and development of the Iraqi economy from the consequences of the high rate of inflation in Iraq because of the fluctuation of prices and dependence on imports of specific development, as well as increased rates of import of various items such as clothing, fruits and vegetables, electrical materials and construction materials and others, warning of the danger of have for the Iraqi economy because of the high rate of inflation. Ministry of Planning and Development Cooperation has identified inflation in two types, the first which is external, according to Minister of Planning Ali Shukri, who explained the "Ply News" that "is troubling for Iraq, being dependent on imports from countries struggling inflation", as well as About that "most of Iraq's imports are in U.S. dollars, Casterad baskets of food, which fell until March 2014 compared to the month of March 2013 increased by 4% and the import of industrial goods, which dropped the other at the same time to 9% .. He said Shukri said that "The second type of inflation which Internal and is more dangerous than the first and the possible development of fears of increased inflation rate in Iraq, "adding that" the reasons for the rise in the rates of domestic inflation is usually due to the real estate and high rent houses and shops, "where" The proportions of the rise in real estate prices reached until the end the year 2013 to 11% compared to the year 2012 which was 8%, "expected to" be an increase until the month of March from the year 2014 to about 12% and a serious indicator if he continued. " He Shukri said that "quick fix to lower inflation rates depends on the solution the housing crisis in the country as well as the development of controls and mechanisms of the processes the hiring of homes and shops. " the CBI for his part, assured the Ministry of Planning, diminishing fears of rising inflation rates at home attributing this to the monetary and fiscal policy pursued by the administration's central bank, which can be controlled at any rise may occur in the future. Deputy Governor of the Central Bank of Iraq the previous appearance of Dr. Mohammed Saleh said the "Ply News", that "according to available daily bulletin issued by the Central Bank of the sales of the dollar against the Iraqi dinar, as well as bulletins monthly and semi-annual volume of cash for the country The size of the reserve of hard currency, it is possible to control any inflation, "describing the" descent launched by the Ministry of Planning between now and then about the high and low rates of inflation as "disturbing and does not constitute fear of the Central Bank of Iraq." Saleh continued that "inflation rates in Iraq are declining That's where the annual inflation rate in Iraq does not exceed 4.6% without adding rates of housing him, something can be controlled. " for the economic and investment commission in the House of Representatives carried the government responsible for the risks of a rise in inflation because of what he described as the "bad economic policy followed with administration State and dependence on specific resources only and neglecting the other. " says committee member MP Nahida Daini's "Ply News", that "what is followed by the government of the plans says it will develop the Iraqi economy is non-existent on the ground," indicating that "the plans are mostly old and passed them age and are not suitable to be implemented in a country that wants to open up the market, "pointing out that" this matter has caused high rates of inflation during the past years and probably will cause taller in the future and this is to be expected. " She Daini "The other reason for the expectations of the high rate of inflation is State continues relying on oil imports in its operating budget and investment, and neglected for imports other Kallowardat agricultural, industrial and tourism, which accounts for only 3% of the imports, "pointing out that" the survival of dependence on oil imports, which are in constant change - will make Iraq vulnerable to rising rates inflation. " financiers, economists Rhnoa control high inflation rates as will be presented by the government of the implementation of projects and development plans as well as political stability and security. economic expert Majid picture shows for "Ply News", that "what is seen in the country from political and security crises going on since the year 2003 so far, a significant impact on the high rates of inflation, despite the decline during the past three years, compared to the years that preceded it, but the risk of rising inflation rates again is out of the question. " said Suri that "there is lack of seriousness in the implementation of development plans as well as for not controlling the sources of the diversity of import, where the state is sometimes prevent the import of a particular commodity does not affect imported on the market and leave the other commodity possible that contention and compete with domestic goods. " and drew the picture that "controlling inflation should begin to provide rational financial management as well as the activation of final accounts and debt management, which has the effect of capping the rise and fall of real inflation, what is currently exported from the figures can not say for sure it permanently to the country for lack of the elements of a real evaluation of the inflation rates.
[You must be registered and logged in to see this link.]
