Warns of growing levels of annual inflation in the Iraqi economy...

[Nance]

http://translate.googleusercontent.c..._lyVOtyQJkxDzA

The rise in public expenditure means that the growing level of annual inflation in the Iraqi economy

بغداد ( إيبا ).. BAGHDAD (Iba) ..

Adviser said the investment bank's credit Mahdi Adnan there inflation in the Iraqi economy is growing each year due to delays in development of the industrial sector, agriculture and high rates of public expenditure.

The Adnan in contact with the agency, the independent press (Iba) "through our follow-up to the level of inflation in the Iraqi economy is found in the increase of the average of the previous year or earlier, we find a shift in the purchasing power of the Iraqi dinar and a significant decrease in it."

He said the purchasing value of the dinar today is different from a year ago or two years, which reflects the level of inflation growing, adding "if the situation remained as what is it I can not imagine that he could reduce the rate of inflation in the absence of economic and agricultural development and a rise in public expenditure, which could enter the country in an economic crisis in the long run. "

He pointed out that the crisis that has seen the Iraqi economy may not reach the level of the global financial crisis that we have seen previously, but inevitably will lead to bottlenecks for economic impact significantly.

Adnan pointed out that "the rates of the huge loans that were given to staff and general managers and those with special grades even though they contributed to solving personal economic crises, but simultaneously contributed to the high level of inflation and devaluation of the Iraqi dinar."

The Iraqi economy has witnessed inflation experience in all its forms frequently after 1990, under international sanctions imposed on the country, which led to the collapse of the national currency no longer have any value.

[lil red]

Nance thank you this shows a lot of thought for the economy of Iraq at least they are worried . Thank you! Lil Red

[kaperoni]

One way to fix it...lol Lets getter done. Thanks Nance for the post