Thursday, March 22, 2012

The Deputy Governor of the Central Bank: inflation will raise alkmerket tariffs and prices

Thursday, 22-03-2012

Baghdad (newsletter) ...
Deputy Central Bank Governor Mohammad Saleh appearance of high rates of inflation in the country when applying alkmerket tariff law, because it would increase the price of goods and foodstuffs.

He said Saleh (News Agency news) on Thursday: tariff code alkmerket is the internal factors that may lead to higher inflation rates in the country, through the increase in prices of materials and goods imposed by defining kmerkih in local markets, in addition to external factors play different and great in high inflation and the so-called "inflation" which comes through the import of goods at high prices from abroad.
He added: the poor and non-imported goods necessary for the society as a harmful toys deployed in local markets, impose tariffs kmerkih (30%), commercial warehouses filled with goods today, forcing the dealer to increase prices in local markets, and this will play much higher inflation rates in the country.
Called: the need to impose high tariffs on shoddy materials kmerkih and unnecessary goods when they are imported from abroad, while foodstuffs and medical and scientific definition must impose as few kmerkih useful to society and the Iraqi citizen.
The Ministry of Finance has announced its application alkmerket tariff law to materials, goods imported early next month, in support of local and national industry product./finished/8. d/s

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