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An Economic Expert Explains Through "Earth News" The Phenomenon Of The Sudden Jump In Prices Inside Iraq
03/08/2022
125
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03/08/2022
125
[You must be registered and logged in to see this link.]
Earth News/ Economic expert Salam Sumaisem attributed, today, Tuesday, the rise in prices to several reasons, including poor economic policy.
Sumaisem said in a statement to "Earth News", "The rise in prices, despite its connection to global influences, but in Iraq, bad economic policy is added to this, due to the monopoly of import from a certain party."
She added that "the presence of some monopolists from the main suppliers of the main foodstuffs makes their will prevail in the market due to the high prices and the irregularity of the ration card in form and content, meaning that instead of being monthly and complete, it became every three months once and irregularly in terms of materials and time."
She stressed that "now that the state controls this issue, it will contribute a lot to reducing prices, as the supply will increase and a great need of demand will be filled, which will lead to a decrease in prices, amid the citizen's income, which decreased due to the exchange rate decision, at a rate of 25%, offset by the increase in price rates by more." than 25%.”
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Sumaisem said in a statement to "Earth News", "The rise in prices, despite its connection to global influences, but in Iraq, bad economic policy is added to this, due to the monopoly of import from a certain party."
She added that "the presence of some monopolists from the main suppliers of the main foodstuffs makes their will prevail in the market due to the high prices and the irregularity of the ration card in form and content, meaning that instead of being monthly and complete, it became every three months once and irregularly in terms of materials and time."
She stressed that "now that the state controls this issue, it will contribute a lot to reducing prices, as the supply will increase and a great need of demand will be filled, which will lead to a decrease in prices, amid the citizen's income, which decreased due to the exchange rate decision, at a rate of 25%, offset by the increase in price rates by more." than 25%.”
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