Salih: three factors to control price increases

Baghdad - INA

Advisor to the Prime Minister for Financial Affairs, Mudhar Muhammad Salih, today, Sunday, identified three basic factors to control the rise in prices, indicating that these factors are capable of imposing discipline and stability on the prices of basic materials.
Salih told the Iraqi News Agency (INA): "There are three main factors in controlling inflationary expectations and rising prices in the market." 
He added that "the first factor is the ability to provide adequate financing for foreign trade requirements in foreign currency, which is a monetary policy action, which is facilitated now," noting that "the other factor is customs treatments and reducing them to the least possible within the customs policy, especially for food and essential items." 
He added that "the third factor is the summer agricultural season that provides a high and prosperous food supply," explaining that "these factors are bound to impose discipline and stability on the prices of basic materials, especially if this is supported by the prosperity of the ration card in terms of prepared quantities and regular supply of citizens."