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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Currency devaluation and market variables

    Rocky
    Rocky
    Rocky
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    Posts : 269651
    Join date : 2012-12-21
    • Post n°1

    Currency devaluation and market variables Empty Currency devaluation and market variables

    Post by Rocky Sun Feb 06, 2022 4:45 pm

    Currency devaluation and market variables
    Sunday 06 February 2022
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     Baghdad: Hussein Thaghb - Shukran Al-Fatlawi                    
     
    The rise in clothing prices is changing the citizen’s direction in choosing what he needs, and it has affected the citizen and the market - shop owners, and as a result the commercial reality in general, especially since this reality is caused by the repercussions of the devaluation of the national currency, and hence the demand for clothes in all markets has decreased according to Indicators of demand in the markets
     Sentence.  
    Muhammad Falih Hussain, owner of a clothing store in a market in Baghdad, said: “I have been working in this place for several years, and I offer clothes for children of various sizes and ages. There was a huge demand for these clothes that almost did not stop during the days of the year; This is due to the prices of these clothes, which range between (1500 - 4000) dinars per piece, and most of them are of Chinese origin, and because their modern models find many shoppers accepting to buy them continuously, but at the present time, due to the change in the exchange rate, the demand for goods has decreased Much more than it was due to the change in the local market.” 
     
    Currency value
    Haji Murtada al-Moussawi, a clothes trader in one of the main markets in Baghdad, said: “A long time ago, Iraqi families changed their purchasing trends after the state of confusion that the markets witnessed, especially after the devaluation of the national currency, and religious tourism played a major role in the high demand for the goods that we offer in Wholesale shops, and our goods are almost exhausted from shops and warehouses in many cases.”
     the goods.
     
    Head office
    Abbas Hatem Hassan, owner of a clothing store, told us: “Our work requires being inside the Al-Rusafi market in Baghdad, which is the main center for us to follow up on the new, but today the matter has changed, and the demand has declined and the citizen is no longer a priority.” He pointed out that “before and at the beginning of all Season to mid-season, when there is a great demand for buying clothes for modern and imported models and for different sizes, and there is a great demand for buying various exhibits of clothes for their prices that suit the income
     family.”
     And he indicated that "many low-income families go to our markets in search of clothes that fit the new season or the one we are living in, as well as the prices of clothes fit their financial capabilities, and we know that the price attracts poor families to buy goods that fit their material reality, but prices have risen and become Demand is limited 
    very". 
     
    new clothes
    Ahmed Mustafa Jawad from the second-hand clothing market “Al Balat” had stated that “our goods have special customers. Our goods are characterized by the cheapest price compared to new clothes, and there is no comparison between the two in terms of price, as there are families who can buy new clothes, but resort to buying clothes from This market, and there is no competition between new and used clothes, every shopper accepts to buy what he wants, but what is remarkable is that some of the owners of new clothes shops sometimes resort to selecting good clothes and displaying them in their stores after passing through the stages of good preparation of our goods and displaying them in their stores on It is new, and thus fraud enters this process after passing it to the 
    the customer


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