Baghdad (news) ..
Member of Finance Committee attributed the parliamentary deputy /
National Alliance / Secretary Hadi Abbas reasons for the high inflation
index for the month of March to increase public holidays, what led to
the increase in prices in the domestic market.
Abbas said (to the Agency news): The increase public holidays during the month of last March led to the suspension of work and the closure of some roads, making the prices of materials and goods in the domestic markets are growing and inflation index rises until it reached to (1.7%), according to official statistics of the Ministry of Planning, He continued: in addition to the fluctuation of the exchange rate of U.S. dollar against the Iraqi dinar as a result of internal and external factors which affected the prices in the domestic market and made it unstable.
He called for Abbas to: the need to control the local markets and work to reduce the value of the dollar against the dinar and the reduction of public holidays in order to reduce inflation and reduce the threat to the Iraqi economy.
This has seen a month last March occasions several Iraqi, and holidays of many, the most important holiday holding the Arab summit in Baghdad, which lasted a full week in addition to the holiday Nowruz, which has made the most of the roads closed caused through an increase in the prices of materials and goods in local markets.
The Ministry of Planning has announced a rise in inflation during the month of last March, to the proportion (1.7%), while annual inflation for the year (2011) was increased (8.3%). / Finished / 8. N. R /
Abbas said (to the Agency news): The increase public holidays during the month of last March led to the suspension of work and the closure of some roads, making the prices of materials and goods in the domestic markets are growing and inflation index rises until it reached to (1.7%), according to official statistics of the Ministry of Planning, He continued: in addition to the fluctuation of the exchange rate of U.S. dollar against the Iraqi dinar as a result of internal and external factors which affected the prices in the domestic market and made it unstable.
He called for Abbas to: the need to control the local markets and work to reduce the value of the dollar against the dinar and the reduction of public holidays in order to reduce inflation and reduce the threat to the Iraqi economy.
This has seen a month last March occasions several Iraqi, and holidays of many, the most important holiday holding the Arab summit in Baghdad, which lasted a full week in addition to the holiday Nowruz, which has made the most of the roads closed caused through an increase in the prices of materials and goods in local markets.
The Ministry of Planning has announced a rise in inflation during the month of last March, to the proportion (1.7%), while annual inflation for the year (2011) was increased (8.3%). / Finished / 8. N. R /