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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The lowest in 4 years.. The annual inflation rate in Iraq decreases

    Rocky
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    The lowest in 4 years.. The annual inflation rate in Iraq decreases Empty The lowest in 4 years.. The annual inflation rate in Iraq decreases

    Post by Rocky Thu Oct 31, 2024 5:18 am

    The lowest in 4 years.. The annual inflation rate in Iraq decreases

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    Baghdad Today - Baghdad
    Economic expert, Munar Al-Abidi, revealed today, Wednesday (October 30, 2024), that the annual inflation rate in Iraq has decreased, indicating that this will lead to a decrease in the value of the dollar against the dinar in the coming months.
    Al-Obaidi said in an interview with Baghdad Today, "The annual inflation rate for September 2024 reached 3.1%, which is the lowest inflation rate recorded during the past four years from 2021 until this year, and the inflation rate for food commodities reached about 4.4%."
    He added, "Many believe that these inflation rates may be inaccurate, but by analyzing the data, this rate is very close to reality, as it must be taken into account that measuring the level of inflation depends on all Iraqi governorates, and that the weights of goods differ according to their importance, and therefore the inflation rate of 3.1% is considered close to reality."
    Al-Obaidi explained that "this decline in inflation rates reflects the decline in the impact of the parallel exchange rate on the prices of goods and services, and that the provision of imported goods has become more dependent on the official dollar, and this may lead to a decline in demand for the dollar in the parallel market and consequently a decrease in its value against the dinar in the coming months."
    He explained that "regardless of the exchange rate in the parallel market, maintaining inflation rates below 4% means a significant decline in the influence of the parallel market and that the transfer and trade process has become more organized and more acceptable to traders."
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