inflation is unlikely because the control of the central bank currency
Posted: October 10, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics
He specializes in economic affairs Dargham Muhammad Ali, that the volume of currency in circulation in the local market is (4) trillion dinars is controlled by a central bank and this prevents the inflation for next year, noting that most of the ministries of the State does not need to the degree of functional and she is suffering from sagging career, which would negatively affect the investment budget and fully reflected in the Iraqi economy.
The Muhammad Ali in a statement to the Contact Agency (news) on Monday: “The issue of inflation is unlikely in the coming months due to the control of the central bank currency in the local market, which amounted to (4) trillion dinars and through his control also on the exchange rate which is the scale determines the price of goods imported from abroad and mass of cash in the marketplace. “
He pointed out: The Central Bank is working to absorb the Iraqi dinar by offering more than the dollar Through the use of tools the interest rate that can control this issue, which will make the Iraqi citizen saves his money instead of spending and this works to withdraw currency from the market.
and saw Muhammad Ali said that most government ministries do not need to degrees of functional and she is suffering from sagging career and thus will increase in the operational expenditure at the expense of development and investment, which reflected negatively on the economy of the country.
is noteworthy that the Iraqi economy has seen serious inflation is unprecedented on the basis of all press reports and a summary of seminars and economic studies on this aspect as well as the concrete facts on the ground has decreased the real value of money in the Iraqi market is strikingly, no longer in large quantities sufficient for the purchase of a commodity or service is simple, so are the follow-up to increase prices of goods and services in Iraq to assess the rates process fraught with difficulties, due to the continuous increase in prices
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