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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


    Food prices increased more than expected

    Rocky
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    • Post n°1

    Food prices increased more than expected Empty Food prices increased more than expected

    Post by Rocky Sun 21 Mar 2021, 9:29 am

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    Sunday 21st March 2021 64
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     Baghdad: Hussein Thahab 

     
    The local markets have indicated a rise in food prices, which raises the concern of the Iraqi family and the economic community, due to the shock devaluation of the currency, away from the balanced gradient of such trends in order to protect the local market from confusion. Economic expert Salah al-Shami confirmed that “devaluation of the currency in this way is like a shock to the local market,”

    pointing out that “economic circles are not against the decision, but against its issuance in this way, which had an impact on all joints of the local market, as such a decision requires that it be gradual and subject To be evaluated every three or six months, after which the appropriate decision is taken to devalue the currency or not. Al-Shami pointed out that «the devaluation of the currency is supposed to be in successive stages and to start from 1,300 dinars per dollar, and in this way we reduce the market’s vulnerability to the reduction’s decision.

     
    Local markets
    Business Union member Dr. Ali Al-Masoudi said: “The rise in foodstuff prices in the local markets is natural, especially since most of the market’s supplies are imported from foreign markets, and transactions are carried out in US dollars, and it is natural for prices to rise after the decision to devalue the national currency.”
    He pointed out that «the rise in the prices of local products came because the raw materials are imported from foreign markets, which in turn witnessed a rise in prices, and this was reflected in the reality of the prices of the final product inside the factory, which led the factory owners to raise the price of the product,» indicating that “The decision to devalue the currency in this way needs to be reviewed by the authorities
     Concerned »
     
    Integration
    In turn, a member of the Iraqi Economists Association, Ikram Abdul Aziz, confirmed that «the increase in food prices more than expected, especially for products that are manufactured locally, comes due to the import of raw materials for most of them from outside the country, which requires that we go towards achieving integration in the national industry through hard work. On interest in manufacturing industries and investing in local wealth to [You must be registered and logged in to see this link.] national industries » 
    She indicated, “The importance of the decision to devalue the currency in successive stages to balance the processes of promoting the local market, and to reduce the negative effects that are affecting the economy.
     Family »
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