The performance of the Central Bank in controlling inflation. .

The performance of the Central Bank in controlling inflation. .

13/09/30 (00: 30 pm)
Dr. Fadhil Abbas Mehdi

The term "publication" in the range "on 28 September 2013, Dr. Mehdi, Mohsen Ismail Al-allaq, Undersecretary of the Ministry of planning and development cooperation an important statement (despite delaying time obviously) about the performance of the Central Bank in controlling inflation, saying:
"Inflation in Iraq has seen in the last nine months of the year 2013 the current stable with a slight increase. He said that "inflation rates in Iraq over the past three years had increased to 2.5% percent" returned to the "reasonable rates for Iraq especially as there has been no breakthrough in 2013.
As she said, "the range", "Undersecretary of the Ministry of planning attributed the stability in inflation rates to major institutions including the Central Bank and monetary policy which support them."
Dr. certificate relationship comes as the head of the Central Bureau of statistics far behind the media campaign led by the Office of the Prime Minister's Office, headed by his brother, Mr. Ali Mohsen Ismail Al-allaq, a Nile paid campaigns of the former Department of the Bank that toppled by Maliki's staff in close cooperation with Parliament Speaker Osama Al-nujaifi. The Department was ousted technocrats in the Central Bank during the honeymoon was short last year when the sacrifice of twenty employees and staff in prisons and detention centres, as well as the ouster of economists who designed and implemented monetary policy which praised Dr. Mahdi relationship in his statement after the length frequency for any.
Unfortunately, the crew who designed this Alaq said monetary policy had succeeded in reducing inflation during the past three years, still chased and there are a number of professional staff including two respected Central Bank still languishing in jail without the right to bail.
What we didn't say in his testimony, Dr. relationship last and together are the following:
If the President of the Court of Auditors of financial ambition Abdel Basset Turki has implemented premature opinions made on the Iraqi TV interview with Abdel Karim Hamadi on March 1 that need private saving $ 500 million a week, ya see what was to become the Iraqi dinar exchange rate collapse?
And what did our esteemed relationship also is a doctor that the deflationary policy changes for displaying the dollar currency auction, carried Turkish briefly had been led, as we all know, the collapse of the exchange rate to approximately 1,300 Iraqi dinars to the dollar in mid-May, the last forcing him to retreat and large additional amounts of USD (for six days a week instead of the usual five in most parts of the world) in the auction currency. The amounts ranged from Turkish currency auction pumped between one billion and 1.43 billion dollars per week instead of the $ 500 million that he claimed on March 1 as a real market need. This was contradicted previous statements to Mr. Turki with his actions and policies, he returned back to give priority to the stability of the exchange rate and the basic policy adopted by the Central Bank within the Department and Vice-President of Shabibi.
We hope that our esteemed Dr. Mahdi says the relationship is:
Is it fair to continue to chase Iraqi economic efficiencies and the crew of the Central Bank and who had praised her achievements in curbing inflation to around 2.5% per annum as recognized finally?
Please also ask us the same question above by Mr. Ali Mohsen Ismail and Osama Al-nujaifi, the forthcoming parliamentary elections and the Government (with the various factions have United against the cessation of economic ءات away from sectarianism) has little of the economic achievements of the people outside the oil sector, which has made strenuous efforts to overthrow the economic team that designed the policy of monetary stability, curb rising prices in acceptable limits.
We say to those who don't know of our politicians ignorant in economics that runaway inflation which the Central Bank policies have succeeded in, etc. is synonymous with poverty and unemployment in the dismantling of the social and political stability

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