Denied the Iraqi Central Bank, Friday, reports by the media about the low reserves of gold, stressing that it saw stable over the past several months.
The bank said in a statement received by news agency public opinion … today that “no truth to the news reported by some media on the low bank reserves of gold,” he said, adding that this reserve “witnessed stable over the past months.” (more…)
The Ministry of Planning and Development Cooperation of Iraq, Sunday, low monthly inflation index for the month of October last in Iraq rose 1.2 percent due to lower food prices and non-alcoholic beverages across the country.
As indicated annual inflation rate rose to 4.8 percent rate. He said ministry Spokesman Abdul Zahra al-Hindawi told a journalist, “The Central Bureau of Statistics of the Ministry of Planning completed the inflation report for the month of October 2012,” noting that ” the report was completed on the basis of field data collection for prices of goods and services components of the consumer basket of selected sample of outlets in all Governorates of Iraq. ” (more…)
Formed the parliamentary Economic Committee in cooperation with the Central Bank of a joint committee to begin the process of deleting the zeros of the local currency. Said MP Abdul-Hussein Abtan “The Committee will oversee the process the process of removing zeros from the local currency, which is scheduled to begin next September.” (more…)
VietFinanceNews.com – The Government is determined to reduce interest rates and continue its strict monetary policy.
The decision was made at the Government’s regular monthly meeting on September 25-26.
During the two-day meeting, the cabinet members discussed measures to deal with inflation effectively.
Positive economic growth, inflation under control
Although the economic growth rate in September was estimated at only 5.76 percent, much lower than a year earlier, both Vietnamese and foreign economists described this as a positive sign.
