[You must be registered and logged in to see this link.][You must be registered and logged in to see this image.]
High prices hit the poor ... and a deputy talks about merchants' entitlement to "execution"
March 17, 2021
[You must be registered and logged in to see this link.]
High prices hit the poor ... and a deputy talks about merchants' entitlement to "execution"
March 17, 2021
[You must be registered and logged in to see this link.]
Eggs to 73 thousand dinars and oil to 54 thousand (Facebook)
The prices of commodities and foodstuffs in the Iraqi markets continue to rise towards numbers that citizens are not accustomed to, but the curfew measures due to the pandemic and the increase in the exchange rates of the dollar led to an increase in the prices of materials with a known relationship to the purchasing power represented by demand and offers by suppliers in the market.
share
A number of citizens complain about high prices, as the price of oil was 1500 Iraqi dinars or 2000 dinars, but today it is 3000 thousand and more per pack.
At this time, the ration card items continue to disappear more than two months after the last time they were distributed in early 2021, which is a major reason for the high cost of materials in the stores, and the Cabinet also recently called on the Ministry of Trade to accelerate the distribution of the card items with the best quality to the poor to overcome the economic and bureaucratic challenges. All in light of the Corona pandemic and with the approaching month of Ramadan.
Also read: [You must be registered and logged in to see this link.]
A number of citizens complain about the high prices, as the price of oil was 1500 Iraqi dinars or 2000 dinars, but according to them, it has become today at 3000 thousand and more per pack, which constitutes a heavy burden on them, especially for the owners of daily income and the poor classes in society. Their calls to the concerned authorities to find urgent solutions to stop the rise in prices in the market.
Jassim al-Muhammadawi, a foodstuff dealer in the capital, Baghdad, says, “Merchants today are suffering as a result of the increase in the dollar’s exchange rate, and their profits for the year 2020 were zero or below zero for some of them, as a result of the closure in Iraq due to the Corona pandemic, as well as the collapse of large companies as a result of anticipating their activities. And actually began to restructure its business for its major losses, pointing out that "the government in Iraq does not care about merchants and businessmen who focus their efforts on the commercial and industrial sectors, while neighboring countries such as Jordan and the Gulf states, in addition to China and the United States support traders in crises to strengthen the market and activate important economic plans to ensure that there is no Notifying the citizen with any crisis.
Al-Muhammadawi added to "Ultra Iraq", that "there are no justifications for the calls directed to hold merchants accountable and to impose penalties on them because they are not party to raising prices. Blame them away from the first cause, which is the governmental measures and the concerned authorities in this regard. "
He points out that "the market movement depends on supply and demand. When the government pressures the merchant to impose a price on goods such as eggs, chicken and oil, it must know that the supply must match the strength of demand, not that the relationship is disturbed by the presence of high demand and little supply, because that will be illogical Pointing out that there is a bad management of the economic file in the country and cannot solve the existing problems, and it has a severe impact on citizens and merchants together, while pointing out “the necessity to open imports of some materials that are in high demand to prevent some traders from raising prices, and so that the supply increases. And some merchants are deprived of greed that the goods will be available in the entire market. "
The price of food, rice, eggs, chicken meat and other items, especially basic materials, witnessed a rise in prices, while the reasons varied according to merchants. 73 thousand egg cartons in a strange boom in retail wholesale markets.
share
A deputy sent a letter to the prime minister asking him to hold greedy merchants accountable for not winning them ethically
The economic analyst Abdul Hassan Al-Shammari justifies the step of raising the dollar’s exchange rate by saying that it came to compensate the state treasury with an amount of 12 trillion Iraqi dinars for what Iraq lost as a result of low oil prices, but he added, “There must be quick treatments by the government because the exchange rate created problems in the relationship. Buyer and seller in the market, especially with regard to materials imported from abroad, which generated great pressure on the vulnerable strata of society, ”indicating to“ Ultra Iraq, ”that“ the simplest step that the government can take is to raise low salaries to amounts through which the shopkeeper can cope with rising prices. ".
Read also: [You must be registered and logged in to see this link.]
On the other hand, the MP from Nineveh Governorate, Ahmed Al-Jarba, spoke of sending a letter to the Prime Minister asking him to hold accountable “greedy merchants for not winning in an ethical manner, as they raised food prices in a clear exploitation of economic conditions, indicating to Ultra Iraq that“ the rise of the dollar from 1200 Dollars to $ 1460 has greatly affected the condition of the citizen, and then the employee. Unfortunately, the government has no real vision and cannot control prices and adjust the rhythm of the markets properly, so it must not be involved in manipulating the dollar exchange rates.
Al-Jarba added, "The cheerful merchants in the Iraqi market deserve execution or imprisonment for manipulating prices, even though the dollar rose only by 200 dinars, but the high cost of materials was not justified by raising them to double."
The Ministry of Planning confirms the effect of the dollar on the markets, according to a statement by its spokesperson, Abdul Zahra Al-Hindawi, in which he says that "one of the effects of the exchange rate is the rise of materials in general on food, consumer and construction materials in varying proportions, which led to an increase in inflation levels in the country by 2/4 during the three." The past months, pointing out that "during the past period, the rise did not exceed 1.5%, and as a result, when such a percentage occurs, which is 2/4, certainly there are some prices that may have risen to 20% or less or more, and that this rise in prices has cast a shadow over Vulnerable groups, the poor who live below the poverty line.
A member of the Parliamentary Finance Committee, Ahmed Al-Saffar, believes that “the issue of the dollar’s exchange rate by lowering or raising is a legal authority entrusted exclusively to the Central Bank of Iraq, in addition to determining the size of the monetary mass in the country, indicating in an interview with“ Ultra Iraq ”, that“ the financial committee does not It determines the exchange rate, and it is not in its power to change it no matter what happens, unlike the possibility of its intervention in determining the price of a barrel of oil in the financial budget. "
Al-Saffar stressed that "it is clear to everyone the impact of the dollar on the prices of goods and commodities on the market," but this remains only the government's decision, and the authority to direct to change it in cooperation with the Central Bank.
[You must be registered and logged in to see this link.]
Today at 7:05 am by Rocky
» utube 12/5/24 MM&C Iraq Dinar News-Executive & Legislative Authority Integration-Full Support-
Today at 7:05 am by Rocky
» Launching a new batch of housing loans at the beginning of 2025
Today at 7:02 am by Rocky
» After the completion of the five berths, Al-Faw Port prepares to receive the first commercial ship
Today at 6:59 am by Rocky
» Mazhar Mohammed Saleh: Iraq's economy, financial flows and trade relations will not be affected by e
Today at 6:54 am by Rocky
» A new crisis is on the line.. Al-Sudani throws the ball of the ministerial reshuffle into the court
Today at 6:49 am by Rocky
» Politician: Halbousi's visit to Washington is suspicious and mysterious
Today at 6:47 am by Rocky
» US official: Washington informed Iraq not to get involved in the conflict in Syria
Today at 6:44 am by Rocky
» After the Tripartite .. Iraq plans to host an international meeting to discuss the repercussions of
Today at 6:43 am by Rocky
» Central Bank sells more than $1 billion in 5 days
Today at 6:40 am by Rocky
» Iraq participates in a ministerial meeting of the Gas Exporting Countries Forum (GECF)
Today at 6:34 am by Rocky
» “Delayed accountability” makes efforts to combat corruption falter
Today at 4:45 am by Rocky
» Economist: The parallel market sells the dollar at a price not controlled by the government
Today at 4:41 am by Rocky
» 12 railway lines returned to service in Iraq
Today at 4:40 am by Rocky
» MP: Political consensus hindered ministerial reshuffle, field reform is the most appropriate solutio
Today at 4:38 am by Rocky
» Parliamentary Security: Türkiye's camps inside Iraq reveal its occupation intentions
Today at 4:36 am by Rocky
» Al-Khanjar leads internal political movement to prevent Iraq from supporting the Assad regime
Today at 4:34 am by Rocky
» According to Mercer, the Iraqi capital is the second worst Arab city for expatriates
Today at 4:33 am by Rocky
» Samarra Pharmaceutical Company's contracts with the Ministry of Health to increase in 2024
Today at 4:31 am by Rocky
» Bitcoin retreats as traders hedge against possible correction
Today at 4:30 am by Rocky
» Is Iraq affected economically by the current events in Syria? Al-Sudani’s advisor explains
Today at 4:27 am by Rocky
» Baghdad.. Exchange rates record 152 thousand dinars per hundred dollars
Today at 4:26 am by Rocky
» Rafidain Bank Restructuring Program.. Justifications and Requirements
Today at 4:22 am by Rocky
» MP accuses region of "evading" paying salaries to employees
Today at 4:21 am by Rocky
» Parliamentary confirmation: There are no intentions to send official forces to Syria
Today at 4:16 am by Rocky
» The beginning of resolving many issues.. MP: The general amnesty will proceed "consensually"
Today at 4:15 am by Rocky
» Al-Sudani's advisor: Iraq's economy will not be affected by current events in Syria
Today at 4:13 am by Rocky
» American question: Will Iraq resort to Russia to help it in the coming ISIS threat?
Today at 4:11 am by Rocky
» “Controversial laws” are of unknown fate.. No signs of holding a “decisive session”
Today at 4:10 am by Rocky
» Al-Abadi: Keeping Iraq away from the disasters of the conflict of the axes is a brave and wise decis
Today at 4:09 am by Rocky
» “Controversial laws” are of unknown fate.. No signs of holding a “decisive session”
Today at 4:08 am by Rocky
» Escalating events in Syria “confuse” Iraqi markets
Today at 4:07 am by Rocky
» Parliamentarian: A large number of MPs objected to passing laws in a “single basket”
Today at 4:06 am by Rocky
» Morgan Stanley Raises Oil Price Forecast for H2 2025
Today at 4:03 am by Rocky
» An international initiative sponsored by Iraq.. "Al-Akhbar" reveals the secrets of the tripartite me
Today at 4:01 am by Rocky
» Iraqi Parliament in Trouble: Will the “One Basket” Turn Against Important Laws?
Today at 3:59 am by Rocky
» Dollar exchange rates in Iraq today
Today at 3:57 am by Rocky
» The file of missing Kuwaitis returns again.. Washington extends an invitation to Iraq
Today at 3:56 am by Rocky
» utube 1/3/24 MM&C-Iraq Dinar News-CBI Gov Monetary Position Excellent-Stop Gov Loans-Private Secto
Yesterday at 9:36 am by Rocky
» Parliamentary Finance: Service projects will not be affected by the delay in the arrival of the 2025
Yesterday at 5:12 am by Rocky
» Tripartite meeting of foreign ministers of Iraq, Syria and Iran begins in Baghdad
Yesterday at 5:07 am by Rocky
» Parliamentary Finance Committee reveals reasons for removing the budget from the agenda
Yesterday at 5:05 am by Rocky
» Al-Alaq receives representatives of the Innovation Center at the Dubai International Financial Cente
Yesterday at 4:57 am by Rocky
» Standard Chartered: Bitcoin could reach $200,000 by the end of 2025
Yesterday at 4:56 am by Rocky
» Including the children of social protection beneficiaries with a 50% discount on evening private stu
Yesterday at 4:54 am by Rocky
» The retirement law returns to the forefront.. preserving experienced people and expectations of “dif
Yesterday at 4:53 am by Rocky
» Al-Maliki: The events in Syria are the beginning of a new project and we must protect Iraq
Yesterday at 4:50 am by Rocky
» Investment Authority and Hanwha Company sign an addendum to the contract for the completion of 70,00
Yesterday at 4:49 am by Rocky
» Through Baghdad.. Washington addresses Tehran about its bases in Syria - Urgent
Yesterday at 4:46 am by Rocky
» Position struggles, foreign interventions 'complicate' formation of Kurdistan government
Yesterday at 4:44 am by Rocky
» Gateway to an expected Israeli attack on Iraq.. Al-Fatah: We will not back down from demanding an en
Yesterday at 4:43 am by Rocky
» Syrian Foreign Minister to Iraqi Counterpart: Current Developments May Pose Serious Threat to Securi
Yesterday at 4:42 am by Rocky
» Parliamentary Finance Committee reveals the most important amendments made to the budget
Yesterday at 4:39 am by Rocky
» Governmental orientation to achieve economic integration and raise market efficiency to attract inve
Yesterday at 4:37 am by Rocky
» Ministry of Finance: Financing of government sectors is done in accordance with the applicable laws
Yesterday at 4:36 am by Rocky
» The Finance Committee submits a proposal to amend the retirement age from 60 to 63 years
Yesterday at 4:35 am by Rocky
» Al-Maliki: The fall of Syria means the violation of the entire region... The state administration ca
Yesterday at 4:33 am by Rocky
» Foreign Ministers of Iraq, Iran and Syria to hold meeting tomorrow in Baghdad
Yesterday at 4:32 am by Rocky
» Al-Sudani explains the reasons for amending the budget and changing the cabinet
Yesterday at 4:32 am by Rocky
» Tomorrow.. The UN Security Council holds a special session on the situation in Iraq
Yesterday at 4:30 am by Rocky
» Al-Julani to Al-Sudani: We do not pose a threat to Iraq and we desire political and economic relatio
Yesterday at 4:29 am by Rocky
» Parliamentary Oil Committee reveals details of hosting SOMO managers and distributing oil products
Yesterday at 4:28 am by Rocky
» Sudan's Foreign Relations Advisor: US Remains Indispensable Partner
Yesterday at 4:27 am by Rocky
» Agriculture announces the imminent launch of subsidized loans for farmers
Yesterday at 4:26 am by Rocky
» Al-Sudani: A dangerous plan aims to spread drugs among students
Yesterday at 4:25 am by Rocky
» About 9 billion dinars.. Transparency website announces Sulaymaniyah and Halabja imports during a we
Yesterday at 4:21 am by Rocky
» After a request from Assad.. Political division in Iraq over military intervention in Syria
Yesterday at 4:19 am by Rocky
» Solving the “Bismaya Stop” Problem with a New Contract... Construction Financing “from the Citizen”
Yesterday at 4:18 am by Rocky
» Iranian Foreign Minister arrives in Baghdad
Yesterday at 4:16 am by Rocky
» Why did Iraq not demand to raise its production quota in OPEC Plus?
Yesterday at 4:15 am by Rocky
» Iraqi and Syrian foreign ministers agree to "avoid repeating previous experiences"
Yesterday at 4:14 am by Rocky
» Tripartite meeting of foreign ministers of Iraq, Syria and Iran begins in Baghdad
Yesterday at 4:12 am by Rocky
» With documents.. Text of the draft amendment to the budget law
Thu 05 Dec 2024, 6:50 am by Rocky
» Iraq operates 'atomic cell', nears deal to build nuclear reactor
Thu 05 Dec 2024, 6:49 am by Rocky
» Strategic Planning: Ministerial Change Depends on Al-Sudani’s Vision
Thu 05 Dec 2024, 6:44 am by Rocky
» Amending the Election Law... a hot issue facing the next legislative session
Thu 05 Dec 2024, 6:43 am by Rocky
» Parliamentary Finance Committee considers reconsidering the price of a barrel of oil in the 2025 bud
Thu 05 Dec 2024, 6:41 am by Rocky
» In the picture.. The Central Bank records sales of more than $ 295 million in the currency auction
Thu 05 Dec 2024, 6:40 am by Rocky
» Rule of Law: Most political forces support the proposal to amend the electoral law
Thu 05 Dec 2024, 6:39 am by Rocky
» Prime Minister: Integration between the executive and legislative authorities is the essence of our
Thu 05 Dec 2024, 6:37 am by Rocky
» Central Bank Governor: Prime Minister's support accelerated progress of Rafidain Bank restructuring
Thu 05 Dec 2024, 6:33 am by Rocky
» Subsidized loans for Iraqi farmers to be launched soon
Thu 05 Dec 2024, 6:32 am by Rocky
» Concerning Kurdistan.. Al-Iqtisad News publishes the text of the amendment to an “important paragrap
Thu 05 Dec 2024, 6:31 am by Rocky
» (59) thousand tons of various materials were transported by the land fleet during the past month.
Thu 05 Dec 2024, 6:30 am by Rocky
» OPEC+ group begins meeting online
Thu 05 Dec 2024, 6:29 am by Rocky
» Protecting the digital space.. Challenges of balancing individual security and freedoms
Thu 05 Dec 2024, 5:10 am by Rocky
» Parliament declares its full support for Al-Sudani's government
Thu 05 Dec 2024, 5:09 am by Rocky
» Work indicates the spread of the phenomenon of child labor
Thu 05 Dec 2024, 5:07 am by Rocky
» Investment contracts to develop the agricultural sector
Thu 05 Dec 2024, 5:06 am by Rocky
» Infrastructure and Services
Thu 05 Dec 2024, 5:05 am by Rocky
» Experts: Iraq has become an attractive environment for investment
Thu 05 Dec 2024, 5:04 am by Rocky
» Al-Sudani speaks "angrily" in parliament about "espionage" and describes it as the "lie of the centu
Thu 05 Dec 2024, 5:02 am by Rocky
» New parliamentary meeting to study draft amendment to the budget law
Thu 05 Dec 2024, 5:00 am by Rocky
» An expanded meeting at the Central Bank to discuss the restructuring of Rafidain Bank
Thu 05 Dec 2024, 4:57 am by Rocky
» Al-Sudani: Iraq is one of the first countries in the world in volunteer work
Thu 05 Dec 2024, 4:49 am by Rocky
» The crisis continues... no signs of a resolution on the controversial laws
Thu 05 Dec 2024, 4:44 am by Rocky
» Parliamentary Finance: Satisfaction and optimism about the government program’s achievement rate
Thu 05 Dec 2024, 4:43 am by Rocky
» Apart from Halbousi, Al-Siyada reveals the imminent announcement of the formation of a new political
Thu 05 Dec 2024, 4:42 am by Rocky
» Parliamentary comment after hosting Al-Sudani in Parliament
Thu 05 Dec 2024, 4:41 am by Rocky