The country's trade exchange is down by about $7 billion

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[size=52]The country's trade exchange is down by about $7 billion[/size]

[size=45]Baghdad / Osama Al-Bayati[/size]
[size=45]Trade exchange in Iraq is witnessing a decline of about $7 billion compared to previous years, at a time when markets are suffering from continued high prices, with parliament acknowledging a large and clear deficit in food security.[/size]
[size=45]The government tried to take a number of measures to confront food security threats, including opening the borders to some crops and products, but experts argued that these measures were not enough, in light of what is described as chaotic dealing with the import file.[/size]
[size=45]In an interview with Al-Mada, MP Adnan Al-Jabri said that "the instability of the situation globally and locally will inevitably lead to an increase in prices."[/size]
[size=45]Al-Jabri added, “The purchasing power of the family has greatly decreased; Because there is no self-sufficiency in agricultural and industrial products.”[/size]
[size=45]He pointed out that "economic growth is not at the required level, at a time when citizens are paying the bill for high prices and turmoil, without solutions to the crisis provided by the concerned authorities."[/size]
[size=45]Al-Jabri called, "the government to support societal segments and people with limited income so that they can confront the phenomenon of high prices and the scarcity of materials in the markets." For his part, economic expert Saleh Al-Hamashi said, in an interview with Al-Mada, that "approving the current year's budget has become almost impossible, and the government has begun preparing for the next year's budget."[/size]
[size=45]Al-Hamashi continued, "The situation in the House of Representatives is also still complicated, and there is difficulty in approving the first budgets for the current year and the second for the next year in a tight time," suggesting that "important projects will be postponed to 2023."[/size]
[size=45]He explained, "The living situation of the Iraqi individual has led to a decline in trade exchange in the country by about $7 billion, after it had reached $45 billion in previous years, it has now fallen to $38 billion annually."[/size]
[size=45]In addition, the expert in economic crises, Ali Jabr, told Al-Mada that "the instability of the markets indicates that Iraq is devoid of clear economic and financial strategies to deal with the turmoil at the internal and external levels."[/size]
[size=45]Gabr said, "Local markets operate in a chaotic manner without supervision, in the absence of a clear strategy for food security that can be dealt with in such crises."[/size]
[size=45]And he added, "The global food crisis is still worsening," stressing that "prices in all countries of the world have jumped by about 28%," and he promised "these rates are the highest in a decade," noting that "experts of international organizations ruled out price stability during the year." Present".[/size]
[size=45]Jabr noted that "these global indicators and others are worrying, and they will not end with opening the borders for some foodstuffs and allowing them to enter the markets."[/size]
[size=45]And he demanded, "to gradually reduce the absurdity of importing with the formation of an empowered economic team that monitors global changes and draws wise strategies in the face of these crises and investing them in the interest of Iraq."[/size]
[size=45]It is noteworthy that the crisis in Ukraine led to a clear rise in prices, a new burden added to the Iraqis who suffered a year and a half ago from the decision to raise the exchange rate of the dollar and the decline in their purchasing power.[/size]
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