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View Full Version : Central: Iraq is stable in terms of prices for the first time



guardian
05-11-2010, 11:44 PM
BAGHDAD - Ahmed Saleh Khyoun
2010/05/10

Advisor of the Central Bank Mudhir Mohammed Salih said that Iraq for the first time in 30 years achieved a price stability as inflation reached 3.4 percent after the foundation that was 34 percent by end of 2007.

The (time) yesterday (this stability has not been seen in Iraq before, which means the success of monetary policy as a result of the continuing efforts of the bank, which led to the stability of the exchange rate of Iraqi dinar against foreign currencies and this is what touched everyone now).
And the impact of this stability on development in general in favor of that (first thing that stands out in this regard is that investors can plan them properly because of availability of a high state of certainty and stability to take decisions).
Saying that (the development has to take the initiative and have a role now about the availability of such a stable atmosphere).

http://www.azzaman.com/index.asp?fname=2010%5C05%5C05-10%5C856.htm&storytitle

Med
05-12-2010, 01:09 AM
Good find Guardian......3.4% inflation is unheard of.....there would be no way to justify an lop of the large denoms...