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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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    Urgent decisions against the lies of traders... after the "outrageous" price hike that struck Iraq!

    Rocky
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    • Post n°1

    Urgent decisions against the lies of traders... after the "outrageous" price hike that struck Iraq! Empty Urgent decisions against the lies of traders... after the "outrageous" price hike that struck Iraq!

    Post by Rocky Sat Mar 12, 2022 7:32 am

    [size=32]Urgent decisions against the lies of traders... after the "outrageous" price hike that struck Iraq![/size]
    [You must be registered and logged in to see this link.] Saturday 12 March 2022 at 12:29 pm (102 views)
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    On the impact of the Russian-Ukrainian invasion, the Iraqis woke up to a wave of exorbitant prices that hit the food markets, while the government intervened in an "urgent" manner to confront the greed of traders and speculators in the prices of those materials.

    And quickly, the price of vegetable oil rose from 2,750 dinars to 4,000 ($2.71), while a bag of flour rose to about 50,000 dinars ($33), as well as other commodities, such as rice and legumes.

    And the former member of the Parliamentary Committee on Economy and Investment, Mazen Al-Faili, believes that "traders' fears of increasing the volume of imports due to fluctuations in dollar prices in the local market and fear of surprises, caused this rise."

    He added that "there were measures after the decision to increase the exchange rate of the dollar, including subsidizing the local product, and stopping imports of some food commodities, such as eggs and chicken, which led to an increase in their prices due to the insufficiency of local production because its production is volatile and does not cover the local market, at a time when the demand for it is strong."

    He explained that "the merchants did not import large goods for fear of fluctuation in the exchange rate of the dollar, and that the majority of the goods in the stores of the merchants, which led to the scarcity of these materials and the increase in their prices."

    On the impact of that crisis, the Iraqi government issued a number of new decisions to confront this crisis, and to punish those involved in monopolizing goods and foodstuffs.

    The Prime Minister's Media Office said, "It was decided to disburse a government grant of 100,000 dinars (about $70) for one time in the name of (a high cost of living grant), which included retirees, low-income employees, and those who are included in the social welfare program, and those with no income."

    He added, "It was decided to zero the customs duty on basic goods from foodstuffs, building materials and necessary consumables for a period of two months and to reconsider the decision after examining the crisis, in addition to canceling the materials prohibited from importing for the purposes of protecting the product from foodstuffs, consumables, and medicines for a period of two months, and reconsidering after A review of the developments of the crisis.

    Social networking sites were buzzing with this rise, especially as it affected foodstuffs. Although the Iraqi government funds the "ration card" program, which is food items that are given to all citizens every 40 days, such as rice, oil, sugar and flour, it is not sufficient to meet their needs. food.

    For his part, the economic expert, Abdul-Hassan Al-Shammari, said that "there must be monitoring of the markets and the accountability of manipulators in the prices of foodstuffs or construction and others."

    Abdul Hassan added in a press statement that "the dollar's exchange rate has nothing to do with the rise in prices, and it is a lie that traders use to raise prices in the markets, as some of them took advantage of the lack of accountability from the government to manipulate people's livelihoods," noting that "foodstuffs rose in the exporting countries. them, and that Iraqi merchants imported these cheap materials before their rise globally, while the Ministry of Commerce purchased the ration card materials from local merchants, which led to its rise at home."

    Earlier, the Ministry of Commerce announced the flow of flour processing and confirmed that there was no crisis or shortage of grain stocks.

    General Director of the General Company for Grain Manufacturing Atheer Daoud Salman said in a statement that "the company is committed to distributing flour to all its beneficiaries covered by the ration card system according to the timetables specified in the plans of the Ministry of Commerce."

     He pointed out that "the Ministry of Commerce supplies families with flour at symbolic prices, and it has nothing to do with commercial flour, which is subject to commercial speculation, and is affected by global market prices."

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