“If prices continue to increase and the inflation rate approaches two digits, monetary policy tools will be strongly activated to fight inflation,” he said.
Kasim said a plan to take off three zeroes from Iraq’s currency to simplify financial transactions was awaiting parliamentary approval and said the government should approve the project sooner rather than later.
LINK - http://www.iraq-businessnews.com/2011/09/06/iraq-58bn-in-currency-reserves-should-redenominate-soon/
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.