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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Al-Kazemi’s financial advisor.. The Food Security Law supports prices and limits inflation

    Rocky
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    advisor - Al-Kazemi’s financial advisor.. The Food Security Law supports prices and limits inflation Empty Al-Kazemi’s financial advisor.. The Food Security Law supports prices and limits inflation

    Post by Rocky Sat 14 May 2022, 7:43 am

    [size=32]Al-Kazemi’s financial advisor.. The Food Security Law supports prices and limits inflation[/size]
    [You must be registered and logged in to see this link.] Saturday May 14, 2022 at 15:05 pm (49 views)
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    Sky Press 

    Today, Saturday, Mazhar Muhammad Salih, the financial advisor to the Prime Minister, explained the Central Bank’s measures to stabilize prices and reduce inflation.

    He stressed that the Food Security Law supports prices and combats poverty.

    Salih said, “The main source of inflation or the rise in the general level of prices in Iraq is mainly caused by what is called transitional or imported inflation,” noting that “the country is currently dependent in an unprecedented way on imported supply chains, all of which have been affected by different degrees of price growth as a result of the rise in prices.” Global energy prices and the world food shortage crisis and under the influence of the aggravation of the war in Russia.

    He added that "to confront the burdens of inflation on economic life in Iraq, the Iraqi financial policy, through the indicators stipulated in the emergency law for food security and development, has pledged to achieve broad support for food prices and limited cash incomes and to combat poverty in its various forms, as preceded by a package of measures taken by the fiscal policy." And supportive of prices, including (zero taxes and customs duties) on a wide range of food and essential imports, as well as the stability of selling prices of all government goods and services, including, for example, fuel and electricity, as well as the expansion of ration card materials at subsidized prices, indicating that “the support clause in spending The government's relative to GDP will remain high, which is directly estimated at 15% of Iraq's GDP.

     Salih added that "the monetary policy of the Central Bank of Iraq carefully monitors all price developments and that it is still interfering with the exchange market on a regular basis in providing foreign currency at a fixed exchange rate to ensure the stability of the external value of money and financing trade at the same time and with clear assessment methods for levels of public liquidity, in order to ensure the stability of the level." The monetary authority regularly reviews the movement of the current account of the Iraqi balance of payments and calculates the positive effects on the stability of the Iraqi dinar exchange rate and the stability of the purchasing power of cash income, explaining that “the monetary policy of the Central Bank realizes that there are red lines that price movements should not cross. and its general trends to allow the monetary policy of the Central Bank to act according to a strict program to confront the manifestations of hyperinflation if the annual growth in prices exceeds high alarming levels and enters the midst of the two decimal places.The precautionary measures of monetary policy to ensure general price stability and combat inflationary activities are definitely ready, and implemented when necessary, through a strict monetary policy in the interest of the strength and stability of the national currency and in coordination with fiscal policy and general economic policy.

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