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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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    The Finance Committee identifies a reason that prevents the government from interfering and controll

    Rocky
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    The Finance Committee identifies a reason that prevents the government from interfering and controll Empty The Finance Committee identifies a reason that prevents the government from interfering and controll

    Post by Rocky Thu 08 Jul 2021, 7:48 am


    [size=30]The Finance Committee identifies a reason that prevents the government from interfering and controlling prices in the markets

    2021-07-08
    [/size]
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    Yes Iraq: Baghdad

    Today, Thursday, the Parliamentary Finance Committee considered that the government cannot monitor prices and interfere in them because the economic system is not centralized.
    The committee, Ahmed Hama Rashid, said, “International products, during the period of changing the exchange rate inside Iraq, coincided with a very frightening increase in their prices on international exchanges, as we realistically see that the global oil price rose from 45 dollars to more than 70 dollars as a result of optimism about containing the epidemic.” Corona globally, which led to a rapid recovery of the global market.”
    He added, "The rise in prices in the markets is not related to the basic degree of raising the exchange rate to the dollar, but the matter is related to the international prices of all products, in addition to what has increased and exacerbated the crisis is the greed of investors and traders, as instead of raising the price by the value of the global price increase, they doubled the price double, and it was The victim is the simple citizen,” noting that “we discussed these observations with the Minister of Finance during his recent hosting within the committee, and we hope that there will be precautionary measures to address the matter by increasing the amounts of social welfare and disbursing loans to citizens, and there are attempts to make these loans without high interest.”
     
    Rashid pointed out that “monitoring market prices is the duty of the government, not the parliament, and there is an important observation that the economic system in Iraq is not central so that the government can monitor prices comprehensively for several considerations, including that the economic system in Iraq is a free system because there is no certificate The origin is also that traders are free to set the profit margin, which makes it variable from one trader to another.”
     
    The member of the Finance Committee stressed, “The immediate solutions to address the crisis are through finding job opportunities, redistributing income again to citizens, and eliminating class differences between the Iraqi people, especially among employees, as a result of a large discrepancy in salaries among Iraqi state employees, which must be addressed through Using fiscal policy tools to achieve a balance between the incomes of the Iraqi individual.
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