Dinar Reporter (IQDUSD)

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A PROGRAM Is DRAWN UP FOR CONTROL OF INFLATION
[Finance Div, AMGOT Hq, Rpt, May-Nov 43]

7. Upon instructions from the Economic and Financial Council on 13 September, the Intelligence Officer of the Financial Division prepared a comprehensive plan for inflation control.... The chief recommendations in this report were:

(a) Tax revenue should be increased and the existing system reviewed.
(b) Savings channels should be restored.
(c) Pressure for wage increases should be resisted.
(d) Appeals continued to troops to use discretion in local spending.
(e) Energetic enforcement of all price and rationing orders.
(f) Systematic supervision of distribution channels, notably wheat and olive oil.
(g) Importation of certain basic commodities.
(h) Construction of a price index to measure cost of living. ♦ ♦ ♦