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Thursday, 05/08/2008 11:09:20 AM

Thursday, May 08, 2008 11:09:20 AM

Post# of 1146
Central Bank favor of contiuantion of monetary policy

BAGHDAD - Al Sabah
The Central Bank of Iraq adviser Dr Mazhar favour the continuation of monetary policy aimed at reducing the size of inflation in the national economy, leading to a stable environment for growth


The reduced benefit in a press statement from the influences that can be shown economic recession which is expected to occur in the U.S. economy in the coming term, as economic reports pointed to this. Within the dollar, which linked the economic impacts in the United States, but clarified that the relationship between the decline in the dollar and high oil prices will contribute to modify the impact on Iraqi economy. He expected the emergence of economic power in favour of the third world within the next 20 years, to establish a state of economic balance in addition to the two American and European, which will be the emergence of a special currency to Asian countries growing economically, or as it was dubbed the benefit of "World Chinese currency." Saleh added that Iraq And its trading partners are working
http://www.alsabaah.com/paper.php?so...page&sid=61638

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