Iraqi Inflation to Drop

Iraqi Central Bank Adviser said that the drop in inflation to 2.7% in Iraq encouraged to release liquidity to the banks by 5% its existing legal reserves, in order to expand lending operations and advancing the development wheel. Mozher of Mohammed Saleh, added that the primary mission of the Iraqi Central Bank is concentrated in "stabilizing the inflation rate, which amounted to 2.7% currently, a figure not seen by the Iraqi economy for many years." The Ministry of Planning announced that the rate of inflation fell to 2.7% in June after it was an average of 3%. - Radio nawa