Iraq Aims to Limit Inflation

The Iraq Central Bank Governor said that the policy of the Bank is based on encouraging funds to Iraqi banks and not the other way round in order to limit inflation in Iraq.

The Iraq Central Bank is keen to raise interest rates to make it equivalent to the rate of inflation in the country in order to encourage citizens to save. The money flow would be directed towards the Central Bank instead of the market which limits inflation, he added.

Iraq Central Bank closely observes the movement of the market and the rate of inflation in Iraq.

(Al SumariaTV)

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