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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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    Planning announces the rate of inflation in Iraq and the government's measures to address it

    Rocky
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    Planning announces the rate of inflation in Iraq and the government's measures to address it Empty Planning announces the rate of inflation in Iraq and the government's measures to address it

    Post by Rocky Fri 20 Jan 2023, 6:56 am

    [size=45][size=41]Planning announces the rate of inflation in Iraq and the government's measures to address it[/size]
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    Today, Friday, the Ministry of Planning government revealed measures to address the effects of inflation in Iraq, while identifying the reasons for its high rates.
    “The whole world is witnessing a rise in inflation indicators as a result of the repercussions of the Russian-Ukrainian war and the climate conditions,” said a spokesman for the Ministry of Planning, Abdel Zahra Al-Hindawi, to the official channel, followed by (Al-Oula News): “The repercussions contributed to the rise in prices of industries and energy to the highest levels. Consequently, it was reflected in the inflation indicators, which rose significantly in the countries of the world. 
    Al-Hindawi added, “Inflation rates rose in Iraq during the past year 2022, affected by global repercussions and the exchange rate that changed during the recent period.” 
    He pointed out that “the rate of inflation in Iraq reaches (6 to 7%) compared to what it was previously, and this type is a natural cumulative increase over the past months,” attributing the reason to “the high prices of some services , the volume of cash circulation and the cash mass circulating in the markets.” And
    he indicated that “the more the monetary mass in circulation flatted, the higher the inflation rate would be affected by it,” noting that “the real measures to reduce inflation are to support the local product, preserve the value of the national currency, and ration imports.”
    He pointed out that "these measures would contribute to achieving a state of stability in inflation indicators." 
    He continued, "The government is taking a number of measures to reduce cases of inflation, and there are policies within the future directions to support industry and agriculture to reduce the volume of imports and legalize it in proportion to the actual need," explaining that "These measures will contribute to reducing the irrational increase in inflation in the country."
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