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[size=38]Economist: Poverty Reduction Measures Will Not Work In Light Of High Prices
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LAST UPDATE 03/26/2022 | 9:12 AM
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LAST UPDATE 03/26/2022 | 9:12 AM
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[You must be registered and logged in to see this link.]People shop at the Shorja market in central Baghdad ahead of the Muslim Eid al-Adha holiday amid the COVID-19 pandemic, on July 28, 2020. (Photo by SABAH ARAR / AFP)
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The Information/Baghdad...
The economic expert, Ihsan Al-Kinani, confirmed that the measures taken by the government under the pretext of relieving the people as a result of the high prices will not work, as the poverty rate will continue to rise.
Al-Kinani told "Al-Information", that "the government's measures to reduce prices are just a media aura that did not change anything from reality, as prices are still high and there has been no significant decrease on the part of the citizen."
He added, "The world is adapting to changes, especially with regard to food security, but the main problem in Iraq lies in the lack of a real will for industry and to cover local needs, which makes everyone depend on imports, at a time when markets are witnessing a rise in the dollar exchange rate due to a government decision that came to benefit them." But it hurt the people a lot.”
Al-Kinani indicated that “restoring the cash reserve of the Central Bank and overcoming the economic crisis of the government cannot be through increasing the poverty rate, and achieving financial abundance through the people, as the optimal solution to reduce the poverty rate depends on reducing the dollar exchange rate, and compensating this decrease with the financial surplus from oil prices.” which exceeded 120 dollars a barrel. finished/ 25 n
The economic expert, Ihsan Al-Kinani, confirmed that the measures taken by the government under the pretext of relieving the people as a result of the high prices will not work, as the poverty rate will continue to rise.
Al-Kinani told "Al-Information", that "the government's measures to reduce prices are just a media aura that did not change anything from reality, as prices are still high and there has been no significant decrease on the part of the citizen."
He added, "The world is adapting to changes, especially with regard to food security, but the main problem in Iraq lies in the lack of a real will for industry and to cover local needs, which makes everyone depend on imports, at a time when markets are witnessing a rise in the dollar exchange rate due to a government decision that came to benefit them." But it hurt the people a lot.”
Al-Kinani indicated that “restoring the cash reserve of the Central Bank and overcoming the economic crisis of the government cannot be through increasing the poverty rate, and achieving financial abundance through the people, as the optimal solution to reduce the poverty rate depends on reducing the dollar exchange rate, and compensating this decrease with the financial surplus from oil prices.” which exceeded 120 dollars a barrel. finished/ 25 n
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