An economist reveals the reasons for the increase in inflation in Iraq
economic 02/02/2022 | 7:12 PM
information / special
The economic expert, Ali Al-Fariji, revealed, on Tuesday, the reasons for the increase in the rate of inflation in Iraq and linking it to the bad financial and economic policy of the Iraqi government.
Al-Fraiji told the "Information" agency, "The increase in inflation in Iraq, especially the capital, Baghdad, to more than 25 percent over the year 2012, especially in the health and food aspects, is due to several economic factors under the title "poor financial policy and management of the Iraqi economy," noting that
"there are Very big confusions are taking place in the financial and economic policies in Iraq.”
He added, "The bumps in the inflation rate, the rise in food and health prices, the dangerous and unjustified rise rates in the real estate market and the rise in the value of the dollar lead to negative rebounds on the economic side," noting that
"the lack of proper control by the state on many economic sectors, work and movement."
The commercial real estate market and the commercial exchange with the outside has become uncontrolled and its doors are open to the greed of traders and beneficiaries, and thus the occurrence of these economic turmoil.”
The expert explained that “when there is a major economic crisis in all countries that prepare themselves economically, there is a kind of economic discipline imposed by the state to try to absorb these economic shocks,” noting that
“what is happening in Iraq is far from all sound economic approaches and without a fiscal policy. A clear and reliable economic.” Done/25 SR