CBI reduced inflation rate ~ the rate of inflation in Iraq by using policies such as policy exchange rate or interest in order to reduce the rate ..

Sunday 10/09/2011

Advisor to the Central Bank: monetary policy able to reduce the rate of inflation in Iraq

Baghdad (news) .. said Advisor to the Governor the Central Bank of the appearance of Mohammed Saleh, said that monetary policy is able to reduce the rate of inflation in Iraq through to take the necessary measures to reduce it.

Continues ...read more ..

Saleh said in a statement to the Agency (news) on Sunday: The monetary policy of the Bank Central is able to take the necessary steps and actions necessary to curb inflation happening in Iraq ....

.. through the control of the proportion of cash as much as possible and to influence the external value of money, in addition to using some of the policies as a policy exchange rate or interest in order to reduce the rate.

Salih stressed that inflation is currently under control, unlike conversations exaggerated that it reached the extent of risk, indicating becomes more serious when a proportion of tied places and now is the rank of one decimal.

The Advisor to the Governor of Central Bank: In the past, the inflation rate not exceeding (3%) and now (4%) a result of the world's expectations of inflation, which led to increased wage real estate, food, etc., making the inflation build themselves and moving upward ..

.. calling for monetary policy to take the tools necessary and procedures necessary to halt the inflationary expectations and reduce the constant increase it.

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