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You just have to wonder if the revalue will bridge this temporary gap in the oil revenues because of the lower price? That and tamped-up production I suppose. To date Iraq has not applied the value of it's vast oil resources in supporting the dinars value, they have only relied upon their cash reserves. I suspect things are soon to change.
The appearance of favor: the country is witnessing a gap} {stasis is inflationary
11/24/2014 0:00
BAGHDAD joy pumice
at a time when the government is seeking to cover the costs and expenses during the current year from oil revenues, without the approval of the budget in 2014 and rising unemployment rates, and despite sounding the alarm of the "economic downturn", recorded annual inflation indicators figures are considered within normal limits.
However declining oil revenues after the recent decline in world prices, but the Iraqi economy did not hurt the status of "inflation," which was estimated at 2 percent through September, according to the Ministry of Planning indicators, considered by observers as normal.
With The crisis experienced by the country's recent by the delay in approving the budget year 2014, and the repercussions of the terrorist attacks by "Daash" gangs, and displacement that left large numbers of unemployed, which increased unemployment rates, formed additional financial burden to strain the state budget.
He spoke in this regard economist Dr. appearance of Mohammed Saleh "morning "He said:" In general, does not happen inflation if monetary policy remains intact and maintain the stability of the dinar and the dollar through existing reserves (that creates the dinar and the dollar is the government's resources of oil), so in the event of falling happen scarcity in the dinar and the dollar with the continuation of imports to provide Goods. "
Saleh promised time that the country is experiencing a "transitional" because of the economic downturn coupled with the lack of job opportunities and increasing unemployment and declining resources (if few, the liquidity will be low because it is translated into dinars returns), despite the offer of commodity sufficient.
He to supply the commodity and consumer available at the moment because the central bank needs in terms of switching the dinar to dollars for the import process, so the economy did not suffer inflation, especially given that the annual indicators recorded figures within "normal limits". Saleh and saw what is happening is "stasis gap" is not inflationary, unlike the years before 2003, which allowed the emergence of inflationary monetary gap causes a lack of liquidity, which led to a cash deficit and inflation structural causes within the economy as the currency bloc do not cover financial transactions, to Besides the weak purchasing power.
The gap in the study of monetary inflation conditions before 2003 showed a cash deficit, which means that the demand for money (actual and desired) is broader than the growth rates in view the actual cash according to the institutional conditions
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The appearance of favor: the country is witnessing a gap} {stasis is inflationary
11/24/2014 0:00
BAGHDAD joy pumice
at a time when the government is seeking to cover the costs and expenses during the current year from oil revenues, without the approval of the budget in 2014 and rising unemployment rates, and despite sounding the alarm of the "economic downturn", recorded annual inflation indicators figures are considered within normal limits.
However declining oil revenues after the recent decline in world prices, but the Iraqi economy did not hurt the status of "inflation," which was estimated at 2 percent through September, according to the Ministry of Planning indicators, considered by observers as normal.
With The crisis experienced by the country's recent by the delay in approving the budget year 2014, and the repercussions of the terrorist attacks by "Daash" gangs, and displacement that left large numbers of unemployed, which increased unemployment rates, formed additional financial burden to strain the state budget.
He spoke in this regard economist Dr. appearance of Mohammed Saleh "morning "He said:" In general, does not happen inflation if monetary policy remains intact and maintain the stability of the dinar and the dollar through existing reserves (that creates the dinar and the dollar is the government's resources of oil), so in the event of falling happen scarcity in the dinar and the dollar with the continuation of imports to provide Goods. "
Saleh promised time that the country is experiencing a "transitional" because of the economic downturn coupled with the lack of job opportunities and increasing unemployment and declining resources (if few, the liquidity will be low because it is translated into dinars returns), despite the offer of commodity sufficient.
He to supply the commodity and consumer available at the moment because the central bank needs in terms of switching the dinar to dollars for the import process, so the economy did not suffer inflation, especially given that the annual indicators recorded figures within "normal limits". Saleh and saw what is happening is "stasis gap" is not inflationary, unlike the years before 2003, which allowed the emergence of inflationary monetary gap causes a lack of liquidity, which led to a cash deficit and inflation structural causes within the economy as the currency bloc do not cover financial transactions, to Besides the weak purchasing power.
The gap in the study of monetary inflation conditions before 2003 showed a cash deficit, which means that the demand for money (actual and desired) is broader than the growth rates in view the actual cash according to the institutional conditions
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