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Neno's Place Established in 2006 as a Community of Reality


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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


    The drop in the Iraqi income to less than 5 million dinars hits the markets with “paralysis.” Statio

    Rocky
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    The drop in the Iraqi income to less than 5 million dinars hits the markets with “paralysis.” Statio Empty The drop in the Iraqi income to less than 5 million dinars hits the markets with “paralysis.” Statio

    Post by Rocky Tue 09 Nov 2021, 7:38 am


    [size=30]The drop in the Iraqi income to less than 5 million dinars hits the markets with “paralysis.” Stationery is crowded despite the attendance

    2021-11-09
    [/size]
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    Yes Iraq: Baghdad

    The decision to attend work did not heal the wounds of the owners of clothing, bags and stationery stores that have been going on for two years after the emergence of the Corona pandemic, despite the start of work more than a week ago, the sales of these shops, which were optimistic, did not reach 50% of their sales in the past years during the beginning of the previous school years. .
    Shop owners in the capital, Baghdad, complained of stagnation in the market, especially in the automotive sector, home furniture, construction materials, luxury and clothing, as many markets seemed to be in their lowest form despite the entry of the winter season and the start of a new school season in which Iraqis used to shop and buy what they need for their children and homes.
     
    Hisham al-Hasani, one of the most prominent merchants selling clothes in Al-Shorja market in central Baghdad, said, “The Iraqi market, on these days every year, witnesses a very large buying and selling movement, especially with regard to the start of the new school year and the entry of the winter season, but unfortunately the markets seem almost It is free from shoppers, although this year education will be in attendance in schools and universities.”
    He pointed out that "the percentage of sales this year is very weak compared to previous years," noting that the percentage of sales does not exceed 50%, pointing out that the toiling class of daily wage earners and workers in the private sector are the most affected by the deteriorating situation in Iraq.
     
    For his part, Zaid Al-Awsi, who works in a bookstore that sells stationery, said, “The owners of stationery bookstores were very optimistic about the return of attendance education in schools and universities to dispose of their goods that they had accumulated two years ago, which are estimated at tens of millions, but the market movement until now is not at the required level and as expected. she has".
    Al-Awsi added, "Everyone expected that the Ministry of Education's decision would contribute to the return of the market movement and the revival of the stationery market, which depends by 60% on primary and middle school students, but this did not appear clear despite the start of the new school year."
    And he continued, "Everything in the Iraqi markets has risen in price under the pretext of the high exchange rate of the dollar, which touched 1500 dinars per dollar, offset by a weakness in the purchasing power of citizens, stressing that shop owners are the most affected by the accumulation of goods they have, as well as the deteriorating security situation in Iraq, all of which led to the deterioration of the economic situation in Iraq and the decline in the movement of buying and selling in all economic fields.
     
    The decline in the Iraqi per capita income to less than 5 million this year
    Data revealed that the average Iraqi per capita income decreased during the current year and last year to less than 5 million dinars at constant prices, after it had achieved rates of more than 5 million dinars since 2013.
    According to the economic expert, Manar Al-Obaidi, "This decline is due to the decline in oil prices during the past two years and the lack of growth in the domestic product at high rates, in addition to the population increase, which has a population growth rate of 2.5 percent annually."
    He pointed out that "the decline in per capita income is a measure of the strength of the economy depending on the productive sectors in addition to the population, which represents the biggest challenge for Iraq in the coming years if the government does not work to control the growth rates and the continuation of growth rates in the domestic product at the current levels, which depend primarily The oil sector, which represents 57% of Iraq’s GDP.
    He stressed that "in the event of a decrease in oil revenues, it could lead to a significant decline in the domestic product."
    He explained that "controlling population growth and promoting the contribution of other sectors in order to contribute to increasing the domestic product is one of the priorities of successive governments, but we will be facing a big problem represented in the decline in per capita income rates to less than 4 million dinars, which is a very low number."
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