Economist: Iraqi save their money in anticipation of any «fiscal austerity»

Economist: Iraqi save their money in anticipation of any «fiscal austerity»



07/28/20140 



Baghdad, Ahmed Mohammed ... expressed their reluctance to citizens for shopping equipped to celebrate the occasion of Eid, Khonhm in past years, because of their fear of the occurrence of an emergency crisis in the country, considering occasion of Eid secondary.
While complained a number of shopkeepers of their inability to sell their goods as a whole, stating several reasons for not turn out to shopping, including the high price record their income material, and the lack of goods, and their desire to provide for their money in anticipation of any fiscal austerity has forced him. Salam Hussein, a citizen working in the works of a free "No better exchange my money to buy supplies for the family holiday, the best treasure 'in anticipation of any contingency." Hussain added "the world", that "the confusion and put the material because of the decline of our free, and the deterioration of the security situation in the country, and we have developed in anticipation of any future crisis." He said, "What we care about now is security, and the requirements of living, the holidays and special occasions and then became a secondary things in our lives." Khalid Karrar, said he "preferred shopping for his family before the crowds of citizens to the shops," but "I was surprised the market was free of shoppers compared with previous
years." "The reason that prevent people from going to the market this year, especially in these days before the feast, is that they preferred to provide what they have money in anticipation of any event that threatens the security of their lives in the coming days." Full Haider, the owner of a clothing store in New Baghdad, said that "financial and social reasons why the turnout of citizens to shopping Mahna, including security events, and the weakness of the economic level of the citizens." Haider added that "our markets are used to congestion of shoppers Mahna, especially before the festive occasions," However, "But this year has seen a high turnout compared to previous years." He explained, "We signed and shop owners in the slider annoying, it is not our ability to sell our goods, while we pay high monthly rents for the owners of the buildings." He said "most people prefer not to buy clothes because of a lack of money, and fear of the occurrence of financial crises and other circumstances to come to the country." MP for the coalition of state law Xiaa Abdul-Abbas, said that "the political and economic situation of the country is reflected in the conditions of the citizens and take them to the feast." He added Xiaa for "world" that "the Iraqi citizen living today and an emergency situation forced him to keep his money and made available for other basic things." He added that "the citizen stuck with his money under the circumstances taking place in the country is normal, it is needed in case of any emergency is." He Xiaa to the existence of a "state of utmost warned citizens live in the security conditions and the current political, prompted citizens to work on saving their money in anticipation of unknown events." He explained that "the closure of most of the ports and border control Daash to other ports, were other reasons for the limited goods in the markets, what the reason for low turnout of citizens." Xiaa said that "the Iraqi market depends mainly on Turkish goods, but imports fell to 35%," expected "return of citizens to shopping and strongly." He said that "it is natural that the citizens live under these conditions a state of anticipation and apprehension, is in anticipation of any emergency." Economic expert on behalf of Anton said that "citizens shop comes after an increase in income for the family of the material." Antoine added "the world" that "the Iraqi family are thinking of saving their money in anticipation of any fiscal austerity may have him, especially in light of the exceptional circumstances experienced by the country." He said the "Iraqi citizens live concern and preparation for the occurrence of security incidents, or any other terrorist attacks caused the high prices of commodities." "The political circumstances and the delay in forming the government contributed to the events of concern to citizens and motivate them to be careful and to provide their money." He pointed out that "the closure of roads and border crossings cause of higher wages for the transport of goods entering the country, especially in local markets that sell their products directly to the citizens." He stressed that "the arrival of such goods by other regions requires rugged costs by 3-fold transferred from previous methods." "The western and northern areas they constitute an important outlet for the importation of goods, but they are almost isolated because of the deteriorating security situation and the control of the militants on its borders with neighboring countries." He pointed out that "the delay adoption of the budget and the negative impact on the slides working in the private sector, which depends on income exchange the federal budget," stressing that "these segments make up half the workforce in the whole country." 

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