Baghdad, 12 September / Spettmar (Rn) – The number of experts and all stakeholders economic affairs of Iraq on Monday that the continued importation of vehicles without the specific mechanisms that contribute to raising the level of inflation in the country.
The Executive Director of the local trade support Baha Shakurji of Kurdistan News Agency (Rn) that “the continuation of the government not to develop mechanisms to regulate the import of cars into the country contribute to raising the level of inflation at 3.9% of the value of annual inflation.”
He added that “the Ministry of Commerce are importing vehicles with origins are in the world of the third degree at exorbitant prices paid by Iraq in dollars.”
He pointed out that “Iraq should develop a mechanism for the manufacture of vehicles through the use of companies are training Iraqi cadres in order to reduce the high level of inflation on the economic system in the country.”
In turn, said Younis al-Baghdadi, teaching at the University of Mustansiriya College of Management and Economics (Rn) that “do some business to sell cars in installments affect the value of the Iraqi dinar and increase the problems of market stability and the exchange rates of the dinar.”
He explained that “the Iraqi dinar must be taking into account the value of the trade exchanges, and not through the purchase of hard currency more than required as it is supposed to be a balance between Matoffer of the local currency and hard currency existing in the Iraqi market.”
“By the traffic circle to the entry of more than 6 million car since 2003 and so far, and this causes confusion in the management of the Iraqi market.”
For his part, adviser in the Iraqi government peace Quraishi (Rn) that “the Iraqi government is considering a number of proposals on Maitalq in the import of new cars to the country and focused on addressing Mazbbh from high inflation because it is consumer goods to Atsem in raising the level of economic development.”
He pointed out that “the Ministry of Commerce will take important decisions in coordination with the Traffic Department and the Central Bank to control the import projects Mazbbh modern cars to raise the level of inflation in the country.”
He added that “among the proposals to determine mechanisms and controls for the entry of firms that focus on the need to deal with companies producing cars and consumer non-durable with large, non-harmful to the environment.”
And spread in the provinces shows a sale of modern cars is remarkable.
Iraq has seen a rise in inflation for the month of July in 2011 compared to the same month of 2010 by 7.1% after it was last year’s 2.4% due to higher prices, housing rent allowances.