News report
أكدالنقديةHe said within the framework of monetary reforms
بغداد ـ عالغالبيBaghdad Abbas Algalbi
نفى د.Denied. .
Sinan Shabibi governor of the Iraqi Central Bank here recently in the media and that the economic tightening monetary policy pursued by the Central Bank currently lest international pressure by the International Monetary Fund, saying that it had come within the framework of monetary reforms in the country.
وقال.He said in an interview to "Assabah" that the policy of the Central Bank of Iraq adopted as a result of the hard conditions experienced by Alaghtassadaraghi for inflation, which causes uncontrolled Madara significant monetary impact of the economy in the value of money as well as the lack of purchasing power to predict what withdraw negatively on the estimates relating to the budget. خلال.He added : The Central Bank aims of this policy is to achieve stabilization in prices using monetary tools
(the dinar rate of exchange against foreign currencies and higher interest rates) to reach the reasonable indicators of inflation, which has become a threat to the Iraqi economy and development. linking Shabibi success of this policy stability extent to which the consumer prices through the management of liquidity designed to influence through control of inflation.
.Shabibi and praised the State's general budget for 2007 in terms of allocations and expenditure and the dimensions of development and investment at the same time warned of the economic imbalances that accompany a spending budget. (تحذير).(Shabibi this warning is based on the fact that any developmental activity crescendo resulting in higher inflation indices, it negatively affects ultimately conducive to economic development). .He called in the same context to the need for a mechanism to monitor the implementation details of the budget, particularly investment, confirming the importance of the commitment that the ceiling ministries financial allocation in the light of budget limitations. In the area of economic reforms called for the activation of other productive sectors and increase their growth rates to become more efficient to meet the demand of the public provided that do not lead to economic imbalance affirming support and encourage the Central Bank of Iraq in the sustainable economic development provided that do not lead to inflationary pressures and adversely affect development. الاي.The Shabibi the need for continued coordination in the implementation of fiscal and monetary policies to achieve economic stability and growth.
Translated version of http://www.alsabaah.com/
