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Mixed effects of Turkish lira losses in Iraqi lives
14/8/2018 5:33 am [rtl]ISTANBUL (Reuters) - The Turkish lira last week lost about 20 percent of its value against the US dollar due to tension and mutual sanctions between Ankara and Washington. Last Friday, the lira recorded a record low of 6 lira and 80 piasters per dollar (100 lira) $ 680) after the US president imposed a double fee on imports of steel and aluminum. The effects of large losses on the lives of Iraqis inside Turkey, estimated to amount to hundreds of thousands, vary according to their interests, living standards and salaries, and whether they receive their returns in pounds, dollars or any other currency. The labor market Haidar Emad recently had to leave his job at a Turkish-owned sewing factory in the district of Kortolos near the division of the most famous centers in Istanbul, after his monthly salary was equivalent to $ 200. Haidar earns 1,300 pounds a month, at a time when the minimum salaries for workers between 1200 pounds and 2,000 pounds. Iraqi workers are distributed to various sectors in the Turkish market, but many work in sewing workshops, clothing shops, restaurants, travel and travel companies, and real estate. Others prefer to work in professions that are good for personal accounts such as electricity, blacksmithing, dyeing and housekeeping. "The taxes, bills and shop prices are getting bigger," Haider told a reporter in Istanbul, adding that his bundle of bread had been bought by Blair. Haidar is currently working as a tourist guide with Kruppat from Iraq and the Gulf, takes his wages in dollars and receives remittances from his family and relatives to help him live in a city like Istanbul. Haidar points out that the offices of Western Union for remittances in Taksim and Sultan Ahmed refused to hand him the last dollar transfer days ago, indicating "cashiers hawala in pounds until they keep the dollar." The real estate market Iraqi investors are playing in the Turkish real estate market at present, at a time when this market is witnessing competition between Iraqis and Gulfs - Saudis and Kuwaitis in particular - at the top of the "most bought". "If you want to buy and rent (invest in small amounts), for example, you buy an apartment with five books ($ 50,000)," said Muhannad al-Ajili, a real estate marketer. "The rent is 1,200 pounds, which means less than $ 200. Apartment". Muhannad believes the reluctance also applies to big investors because they are not prepared to buy "strong" dollar assets and sell them later in " "The price of real estate has not changed much or it has risen slightly," Muhannad said, adding that "the time is right for an Iraqi who wants to buy until he owns and settles in Turkey." The tourism market The high dollar, along with the large rise in Iraq's temperature, Iraqi tourists to travel to Turkey. An influx of thousands of Iraqi tourists a week towards Turkey to difficulties in booking travel tickets in a day or two. Adel Oqaili next mentions recently from Baghdad to Istanbul , "Adatrit wait 10 days until I get booked to $ 450 go only." rose hotel reservations prices in Istanbul nearly 5 percent. the only employees At Istanbul's Istanbul-based office, he called himself "Abu Mustafa" by saying that "travel from Iraq to Turkey is very strong," declining to give any figures. Iraqi tourism is not limited to recreation, but also to treatment. "Turkey is the second destination for Iraqis seeking treatment," said Dr. Osman al-Rawi, a specialist in medical tourism. "In 4 days she worked on three operations in spinal surgery, joint replacement and abdominal repair for Iraqi patients ." The weakness of the lira is reflected in the Turkish medical sector, which is associated with Iraqis and foreigners in general. "The owner of the hospital is a borrower in euros and his income in lira is facing a catastrophe and he lost more than a third of his money," explained the narrator, who works at Madsen Hospital in Baghlar district, northwest of Istanbul. "But most hospitals will deal with the dollar." Prices of medical services based on Turkish materials and equipment range from stability to disembarkation. Trade market Traders in the trade between Turkey and Iraq expect Iraqi traders to benefit from the lira crisis, although their dealings are in dollars. "The decline in the lira cuts the payments of Iraqi merchants in Istanbul and their entitlements in lira, for example, some taxes on raw materials we import from China, we pay them in lira, as well as rent, and insurance," said Arkan Abdul Amir, owner of a bridal group in the Osman district of Istanbul's clothing trade center. "I have about 25 Turkish workers, I pay the insurance company (Sikorta) 450 pounds a month, and this amount, which was a month ago is equivalent to $ 100 now is equivalent to $ 70. " Arkan notes that the low lira has prompted large numbers of people to visit Turkey and shop for them and this serves traders. "Even the small Iraqi merchant now benefits," he says. "His trip to Turkey costs $ 2,500, for example, now that it does not exceed $ 1,000 . On the other hand, the Iraqi trader points out that the Turkish workers who work for him and other traders are demanding an increase in their wages. "We have raised workers' wages from 500 to 800 pounds, from 1000 to 1300, except for senior workers, where skilled workers earn 10,000 pounds "He said.[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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