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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

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    An economist expects the increase in poverty in Iraq and lists the reasons

    Rocky
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    • Post n°1

    An economist expects the increase in poverty in Iraq and lists the reasons Empty An economist expects the increase in poverty in Iraq and lists the reasons

    Post by Rocky Tue 04 May 2021, 7:13 am

    An economist expects the increase in poverty in Iraq and lists the reasons

    •  Time: 05/04/2021 12:17:00
       
    •  Read: 2,093 times

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    {Economic: Al-Furat News} An economist expects the increase in poverty rates in Iraq
    Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.]
    Basem Jamil Antoine told Al-Furat News, "The state has worked on economic reform, but the citizen pays the price in all its categories."
    And he stated, "The Iraqi citizen and the businessman were forced to adapt to this situation," noting that "the ruling opponent is the one who determines and implements the price of the dollar, and there is no other solution as if the state has made economic reform and the citizen has paid for it in all its categories," pointing out that "this has become reality and stability." It cannot be changed. "
    Antoine emphasized, "Poverty rates will increase because what happened is a reduction in the purchasing power of the citizen, meaning that the same amount that he used to buy ten units with, now it is reduced to 8 eight units and the state took a quarter of what the Iraqi citizen owns."
    The economist added, "At the same time, greedy merchants took advantage of the situation and took 25% of the purchasing power, and the citizen now pays the difference of 50% of his income, so he has a large monetary inflation in exchange for reducing the purchasing power, and he is forced to adapt to it by any means."
    He continued, "The state brought it big differences from oil and by reducing the value of the dinar against the dollar, and it went into the government's pockets."
    Forgiveness Al-Khalidi
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