Thursday, March 8, 2012

Deputy Governor of Central Bank: the housing crisis a serious indicator of rising inflation and must be faced

Thursday, 08.03.2012

Baghdad (news) .. commended the deputy governor of the Central Bank of the appearance of Mohammed Saleh the need to develop plans to solve the housing crisis in Iraq, they give an indication of serious inflation in the coming period.
Saleh said (of the Agency news) on Thursday: The occurrence of inflation in the country comes through the high real estate prices to very high levels, leading to increased prices of food and industrial goods in the domestic market, and this is what makes inflation index rises gradually.
He added the federal government to set priorities in solving the housing crisis as it gives an indication of serious inflation in the coming period and may lead to economic problems in spite of control by the central bank.
He pointed to: that inflation is now happening in the local markets to the fears and ether-called "inflation in transition" because it comes from the outside when you import the materials and goods to the Iraqi market, warning of rising inflation from the current level.
Saleh said: that the central bank will take the necessary measures to maintain the value of Iraqi dinar in the case of high rates of inflation index to its highest level of control on the prices of materials in the local markets. / Finished / 8. D. Q /

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