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2021-04-10 08:23
Representative economy submits a proposal to contain the crisis of high prices
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2021-04-10 08:23
Shafaq News / Member of the Economic Committee, MP Nada Shaker Jawdat considered, on Wednesday, that merchants took advantage of the change in the dollar’s price to significantly raise prices in the local markets, calling on the government to return the cooperative markets.
Jawdat said in an interview with Shafaq News that “merchants took advantage of the high dollar prices to raise the prices of goods in a large and obscene manner,” indicating that “the merchants presently are from influential classes and personalities in the state who import these materials and control the markets.” Behind them are powerful personalities. "
"The government must return the cooperative markets supported by the state, which it controlled and supported the employee and the simple citizen, away from the greed of merchants," she added.
Jawdat indicated that "the Ministry of Trade failed to mitigate the impact of the high price of the dollar after the citizen fell prey to the greed of merchants, as the ration card items did not improve and also fell prey to corruption."
She pointed out that "the ration card is the same as the employee file, in which there are large and awesome numbers, and there are fake families and aliens, and there are families who have more than one card and families outside Iraq," stressing the need to "organize this card by making a correct database for Iraq.
The Central Bank of Iraq had decided to raise the price of selling the dollar to banks and exchange companies to 1460 dinars, from 1182 dinars to the dollar, with the aim of compensating for the decline in oil revenues resulting from the deterioration of oil prices, which led to a significant increase in prices in the local markets.
Iraq relies on 90% of its income on oil revenues, and the last time it devalued the dinar was in December 2015 when it raised the selling price of the dollar to 1182 dinars, compared to 1166 dinars in the past.
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Jawdat said in an interview with Shafaq News that “merchants took advantage of the high dollar prices to raise the prices of goods in a large and obscene manner,” indicating that “the merchants presently are from influential classes and personalities in the state who import these materials and control the markets.” Behind them are powerful personalities. "
"The government must return the cooperative markets supported by the state, which it controlled and supported the employee and the simple citizen, away from the greed of merchants," she added.
Jawdat indicated that "the Ministry of Trade failed to mitigate the impact of the high price of the dollar after the citizen fell prey to the greed of merchants, as the ration card items did not improve and also fell prey to corruption."
She pointed out that "the ration card is the same as the employee file, in which there are large and awesome numbers, and there are fake families and aliens, and there are families who have more than one card and families outside Iraq," stressing the need to "organize this card by making a correct database for Iraq.
The Central Bank of Iraq had decided to raise the price of selling the dollar to banks and exchange companies to 1460 dinars, from 1182 dinars to the dollar, with the aim of compensating for the decline in oil revenues resulting from the deterioration of oil prices, which led to a significant increase in prices in the local markets.
Iraq relies on 90% of its income on oil revenues, and the last time it devalued the dinar was in December 2015 when it raised the selling price of the dollar to 1182 dinars, compared to 1166 dinars in the past.
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