This may be more smoke too???

CBI denies the existence of a threat to Iraq’s continuing situation of inflation

Posted: January 20, 2012 in Iraqi Dinar/Politics, Top Headlines

A number of economists, that the five-year plan did not prove successful in the implementation of investment and reduce unemployment and poverty in Iraq, arguing that the impact of political differences on this plan and to block their implementation. The economist said Bassem Jamil Antoine “The five-year plan launched in In 2010 Not achieved the desired effect after two years to begin implementation as the poverty rate by 23% did not fall to 19% as planned at the end of 2011. “

He added that “the unemployment rate was in 2010 amounted to 15% predicted by the Central Statistics to arrive at the end of 2011 to 13% at least.” He pointed out that “the government’s investment was supposed to be the last two years has reached seven billion dollars, but that has not been achieved despite the fact that the budgets of the past two years amounted to $ 180 billion.”

For his part, the Iraqi Central Bank denied the existence of a threat to Iraq by the high inflation rate in the country. The World Bank called Bank of Iraq and the Ministry of Finance, to take action to prevent the increasing persistence of high monthly inflation.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that “concerns of the international financial institutions of higher Rates of inflation, monthly and annual amounts which it is under the control of the Central Bank of Iraq and does not have any threat to cause deterioration of the value of Iraqi dinar.

“And stated that” the central bank adopts a policy successful in reducing the rate of inflation and reduction in line with the price of supply and demand for the dinar, Iraq and raises the value of cash ” .