Central Bank: the housing crisis and a serious indicator must be faced
On: Friday 3/9/2012 7:38
Baghdad / range
noted the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh the need to develop plans to solve the housing crisis in Iraq, they give an indication of serious inflation in the coming period.
Saleh said (of the Agency news) on Thursday: The occurrence of inflation in the country comes through the high Real estate prices are 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 the federal government to put in priority to resolve the housing crisis they give an indication of serious inflation in the coming period and may lead to economic problems in spite of the control of the central bank on it.
He pointed to: that inflation is happening now in the local markets to ether fears and so-called " inflation in transition "because it comes from the outside when you import the materials and goods to the Iraqi market, warning of rising inflation from the current level. Saleh said: that the central bank will take the necessary measures to maintain the value of Iraqi dinar in the case of high rates of inflation index to its highest level of control on the prices of materials in the local markets.
[CENTER][COLOR=#b22222][B][SIZE=3]"Truth is everlasting, but our ideas about truth are changeable. Only a little of the first fruits of wisdom, only a few fragments of the boundless heights and depths of truth, have I been able to gather"[/SIZE] [/B][/COLOR][/CENTER]