Despite the high prices .. Central asserts that inflation is under control
July 21 2011
BAGHDAD - morning
Needs no follower of the economic reality to the keen eye to be able to touch the high prices in local markets for materials and goods, as they kept real estate prices increasing almost daily across the country, and sees specialists in economic affairs that the high prices of materials and goods in local markets in the recent past return to start a corporate global scrutiny at border crossing points, which necessitated the importers bring goods meet international standards, which means that these goods will be much higher than those before the application of corporate scrutiny, while confirming economists that high real estate prices in Iraq caused by improved security situation, which led many Iraqis to build residential homes, or expansion of their role or buy pieces of land as well as the campaigns of construction and reconstruction wide by the State at the present time, which led to rising prices of construction materials and thus rising real estate prices are remarkable .. and whatever the reasons rising prices, the most prominent citizen will be affected by this rise, which called for many economists to call for improving the living conditions of public sector employees and retirees and to seek to reduce the rates of inflation in any form ..
The adviser said the central bank, said the annual inflation remains under control, stressing that the major reasons of high inflation for the month of June, according to the announcement by the Ministry of Planning and rising rents and taxes, electricity.
And the appearance of Mohammed Saleh said in an interview made by the Agency (Rn) that «the increase of the annual inflation remains under control and inflation 6.1 percent compared to last year's Bhuzeiran longer under the control of inflation the central bank is a natural result of the Iraqi market«.
He added that «the persistence of high inflation due to higher prices for its causes rent the homes as well as the activation of electricity tax in most areas of the country.
He added that «tackle inflation, economic reforms require broad, including activation of the customs tariff law to prevent flooding the market laws and legislation supportive of private sector«.
The Ministry of Planning and Development Cooperation announced that the annual headline inflation for the month of June by 6.1 percent and low monthly inflation compared with last May by 0.08 percent.
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.
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 foreign currency reserves, and the issuance of currency management, as well as to regulate the banking sector.
http://translate.googleusercontent.c...3BMUvXhI8BKBFA
July 21 2011
BAGHDAD - morning
Needs no follower of the economic reality to the keen eye to be able to touch the high prices in local markets for materials and goods, as they kept real estate prices increasing almost daily across the country, and sees specialists in economic affairs that the high prices of materials and goods in local markets in the recent past return to start a corporate global scrutiny at border crossing points, which necessitated the importers bring goods meet international standards, which means that these goods will be much higher than those before the application of corporate scrutiny, while confirming economists that high real estate prices in Iraq caused by improved security situation, which led many Iraqis to build residential homes, or expansion of their role or buy pieces of land as well as the campaigns of construction and reconstruction wide by the State at the present time, which led to rising prices of construction materials and thus rising real estate prices are remarkable .. and whatever the reasons rising prices, the most prominent citizen will be affected by this rise, which called for many economists to call for improving the living conditions of public sector employees and retirees and to seek to reduce the rates of inflation in any form ..
The adviser said the central bank, said the annual inflation remains under control, stressing that the major reasons of high inflation for the month of June, according to the announcement by the Ministry of Planning and rising rents and taxes, electricity.
And the appearance of Mohammed Saleh said in an interview made by the Agency (Rn) that «the increase of the annual inflation remains under control and inflation 6.1 percent compared to last year's Bhuzeiran longer under the control of inflation the central bank is a natural result of the Iraqi market«.
He added that «the persistence of high inflation due to higher prices for its causes rent the homes as well as the activation of electricity tax in most areas of the country.
He added that «tackle inflation, economic reforms require broad, including activation of the customs tariff law to prevent flooding the market laws and legislation supportive of private sector«.
The Ministry of Planning and Development Cooperation announced that the annual headline inflation for the month of June by 6.1 percent and low monthly inflation compared with last May by 0.08 percent.
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.
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 foreign currency reserves, and the issuance of currency management, as well as to regulate the banking sector.
http://translate.googleusercontent.c...3BMUvXhI8BKBFA
