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The financial crisis and its impact on markets and the purchasing power of citizens
I have seen markets Sulaymaniyah cool and the movement of cash volatile as a result of lack of adoption of the general budget and its causes are well known among the citizens and the dollar market was also witnessed volatile noticeable also in the rate of rise and fall of the dollar and its negative effects on the processes of buying and selling and trading and commercial banking also threw the ongoing political crisis overshadowed harmful on the market real estate, automotive and commercial markets, goldsmiths and entrepreneurship and import and become stagnant in sales and purchases for the market is yet clear that this market has seen a boom in recent years.
We tried to call the meeting, a number of bank managers and banks in Sulaimaniya Alaanam refused any press statement on this topic and others request a formal letter from the competent authority in the financial province arguing Buncgalhm to matters of work, where we met Taha Hamad Rashid, president of the Association of Commercial Development in Sulaymaniyah to say the site PUKmedia: : Frankly, there are clear economic recession in the region and the reasons are well known and regional conditions and current events surrounding it, as well as the budget has not been approved so far? The interruption of paying salaries to staff and security events in the Iraqi provinces of hot and their direct impact on the movement of transport and trade between those provinces as well as the lack of formation of the government so far and their financial well-known and not put financial plans are correct and well thought out projects and government programs is incomplete without a strategy and a clear-cut, and that all of this has the effect of directly and indirectly on the overall economic activity and trade in Sulaymaniyah and its repercussions negative on the street, too, and that the processing be open government investments and new projects and invite the mixed companies to contribute to the planning and commercial activities because the private sector has a vital role in commercial traffic and the market ..
Abu Mustafa sales manager at a car showroom modern said the site PUKmedia: I have also affected the market buying and selling of modern cars and old directly in Sulaymaniyah because of the economic crisis and has been in recent months more muted in the market for buying and selling cars, both modern and old and there are many reasons, the most important weakness purchasing power of the citizens as a result of lack of adoption of the budget, as well as security events in a number of Iraqi provinces and control of terrorism on some cities to create a psychological condition prompted many people to refrain from buying cars waiting for the results, whether positive or negative, and the extent of its impacts on the overall markets Sulaymaniyah, including the real estate market and cars and other markets, views and beliefs expressed by the same number of owners of imported cars shows and other conviction that led to the recession in most of the joints of the commercial traffic in Sulaymaniyah.
Mustafa Ahmed, owner of office properties in central Sulaimaniya, said site PUKmedia: This recession may force us to close our offices if it continued the case so we do pay office rents and Intelqy any financial returns Vmketbna, for example, was unable to sell a property or two properties during the 8 months after that The market was by this time a large turnout of citizens, pointing to the suffering began 8 months ago, and the real estate market continues to deteriorate in Sulaymaniyah, both in the lack of demand for the purchase or lower prices in the market is seemingly paralyzed, and the main reason leading to the decline in real estate prices and the decline in value and demand it is the fear of citizens of poor political situation in the country and people prefer cash in their pockets rather than placed in banks that Ejreboha in the past in terms of the deposit, withdrawal, and how difficult it is to get their money when needed!
Goldsmiths in Sulaimaniyah, not what they are better than the real estate market where the confirmed number of shop owners gold in Sulaimaniyah site PUKmedia: The outstanding problems between the central government and the region caused a decline in the gold trade, although there are economic crisis due to the delayed payment of staff salaries and gold traders today they large debts Because of the import of large quantities of it, and they stressed the citizens prefer to buy their needs on the main gold.
Jeweler Gold said in an interview with site PUKmedia: There are few in the sales and purchases in the recent period and the day after the last witness gold markets recession in Sulaimaniya, although the weight of 21 carat gold, can fetch up to 245 thousand dinars, while the price of 18 carat gold is 275 thousand dinars Methqal Although per-carat gold 24 does not exist in the markets of Sulaymaniyah Alma rarely due to lack of demand for it by the citizens because of the high price and most people agree to buy 18 carat gold to lower the price! And that one of the reasons that Hoadm paying salaries to the staff, the people facing economic crisis and a real citizen prefers to buy its needs major living necessary task .. buy gold.
Jnor Namik betrothed recently said the site PUKmedia: I have agreed with my fiance on the sufficiency buying rings engagement and the simple thing of gold despite Mehri, a 20 weight of gold, but I decided to buy it later and take advantage of the amount of gold to buy home accessories are in my opinion is a basic need and with great regret the conflicts and political endeavors for partisan gains and government have made us the people we are paying the price so much of our daily lives that have become intolerable and paid a lot of young people to migrate in search of a stable life in the countries of the world and in the worlds of alienation ..
Market discharge and sale of foreign currencies was also affected by this situation, where he says Omar Benjwyne site PUKmedia: always be a problem we have in the high price of the dollar as the movement of the market have come to rely completely on the dollar more than any other of the other currencies, but today has become a problem of salaries and expenses more important of the dollar and the adoption of the citizens is also on the exchange rate, remittances and vulnerability to rising dollar, as well as we also convert the cash in dollars, both from residents and traders for their dealings different, and Nsthsal commission simple not to exceed forty thousand dinars for each (book ten thousand Dolaramirka) and deposited the amounts we have against the receipts of receipt, and we convert the Iraqi currency to the dollar for the beneficiary can handle them abroad, mostly the deposit amount in dollars to avoid a difference of exchange, especially in large amounts, and with great regret, the market trading in foreign currencies has seen muted significant and significantly affected the markets Sulaymaniyah trade and the movement of the purchase when citizens The traders also ..
Awat Messenger seller electrical appliances, says the site PUKmedia: I have become a problem of political differences between the central government and the province and the problems of security and terrorism and other events rapidly escalating in the region and caused the strike movement of the commercial market among all Iraqi provinces and affected with traffic and goods and other activities, which led to the move the market and activate in various fields and the market was very refreshed and today has been severely damaged with deep regret? I personally edit a gain of low profits simple through the sale of electrical appliances because sometimes affected by these devices will be a little in front of rising or falling dollar citizen need to deal with agencies to spend the needs of household or office from TV and refrigerator and other household appliances and the lack of young married couples in this day, Whatever happened, it is ultimately the high yield market and prices as well as we also do not have a solution and that the loss will be less if it dealt with the movement and activity of Sulaymaniyah markets ..
Cowen Messenger accountant banker said the site PUKmedia: that everyone is influenced by variables economic, security and political case with far-conflict was and is still the reason for the deterioration of the market and the movement of the banks so that became the clouds more than a deposit and savings and there is also closing the accounts of many of the customers of the bank and the departure of dealing with the banks and the reasons are many, not be considered and countless And you journalists, you know, as defined by bankers and citizens, as well as affected by the market will reflect ultimately on the possibility of the citizen and the purchasing power and weaken while and piety while another through markets or real estate sale and trade of all kinds, and this Miather negatively on every member of the community and so traders may Teixd their trade because of that, and must find alternatives and to develop plans to address the real financial situation and the economic recession and the tiger trade him?
PUKmedia Khalid Al-Najjar / Sulaymaniyah
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I have seen markets Sulaymaniyah cool and the movement of cash volatile as a result of lack of adoption of the general budget and its causes are well known among the citizens and the dollar market was also witnessed volatile noticeable also in the rate of rise and fall of the dollar and its negative effects on the processes of buying and selling and trading and commercial banking also threw the ongoing political crisis overshadowed harmful on the market real estate, automotive and commercial markets, goldsmiths and entrepreneurship and import and become stagnant in sales and purchases for the market is yet clear that this market has seen a boom in recent years.
We tried to call the meeting, a number of bank managers and banks in Sulaimaniya Alaanam refused any press statement on this topic and others request a formal letter from the competent authority in the financial province arguing Buncgalhm to matters of work, where we met Taha Hamad Rashid, president of the Association of Commercial Development in Sulaymaniyah to say the site PUKmedia: : Frankly, there are clear economic recession in the region and the reasons are well known and regional conditions and current events surrounding it, as well as the budget has not been approved so far? The interruption of paying salaries to staff and security events in the Iraqi provinces of hot and their direct impact on the movement of transport and trade between those provinces as well as the lack of formation of the government so far and their financial well-known and not put financial plans are correct and well thought out projects and government programs is incomplete without a strategy and a clear-cut, and that all of this has the effect of directly and indirectly on the overall economic activity and trade in Sulaymaniyah and its repercussions negative on the street, too, and that the processing be open government investments and new projects and invite the mixed companies to contribute to the planning and commercial activities because the private sector has a vital role in commercial traffic and the market ..
Abu Mustafa sales manager at a car showroom modern said the site PUKmedia: I have also affected the market buying and selling of modern cars and old directly in Sulaymaniyah because of the economic crisis and has been in recent months more muted in the market for buying and selling cars, both modern and old and there are many reasons, the most important weakness purchasing power of the citizens as a result of lack of adoption of the budget, as well as security events in a number of Iraqi provinces and control of terrorism on some cities to create a psychological condition prompted many people to refrain from buying cars waiting for the results, whether positive or negative, and the extent of its impacts on the overall markets Sulaymaniyah, including the real estate market and cars and other markets, views and beliefs expressed by the same number of owners of imported cars shows and other conviction that led to the recession in most of the joints of the commercial traffic in Sulaymaniyah.
Mustafa Ahmed, owner of office properties in central Sulaimaniya, said site PUKmedia: This recession may force us to close our offices if it continued the case so we do pay office rents and Intelqy any financial returns Vmketbna, for example, was unable to sell a property or two properties during the 8 months after that The market was by this time a large turnout of citizens, pointing to the suffering began 8 months ago, and the real estate market continues to deteriorate in Sulaymaniyah, both in the lack of demand for the purchase or lower prices in the market is seemingly paralyzed, and the main reason leading to the decline in real estate prices and the decline in value and demand it is the fear of citizens of poor political situation in the country and people prefer cash in their pockets rather than placed in banks that Ejreboha in the past in terms of the deposit, withdrawal, and how difficult it is to get their money when needed!
Goldsmiths in Sulaimaniyah, not what they are better than the real estate market where the confirmed number of shop owners gold in Sulaimaniyah site PUKmedia: The outstanding problems between the central government and the region caused a decline in the gold trade, although there are economic crisis due to the delayed payment of staff salaries and gold traders today they large debts Because of the import of large quantities of it, and they stressed the citizens prefer to buy their needs on the main gold.
Jeweler Gold said in an interview with site PUKmedia: There are few in the sales and purchases in the recent period and the day after the last witness gold markets recession in Sulaimaniya, although the weight of 21 carat gold, can fetch up to 245 thousand dinars, while the price of 18 carat gold is 275 thousand dinars Methqal Although per-carat gold 24 does not exist in the markets of Sulaymaniyah Alma rarely due to lack of demand for it by the citizens because of the high price and most people agree to buy 18 carat gold to lower the price! And that one of the reasons that Hoadm paying salaries to the staff, the people facing economic crisis and a real citizen prefers to buy its needs major living necessary task .. buy gold.
Jnor Namik betrothed recently said the site PUKmedia: I have agreed with my fiance on the sufficiency buying rings engagement and the simple thing of gold despite Mehri, a 20 weight of gold, but I decided to buy it later and take advantage of the amount of gold to buy home accessories are in my opinion is a basic need and with great regret the conflicts and political endeavors for partisan gains and government have made us the people we are paying the price so much of our daily lives that have become intolerable and paid a lot of young people to migrate in search of a stable life in the countries of the world and in the worlds of alienation ..
Market discharge and sale of foreign currencies was also affected by this situation, where he says Omar Benjwyne site PUKmedia: always be a problem we have in the high price of the dollar as the movement of the market have come to rely completely on the dollar more than any other of the other currencies, but today has become a problem of salaries and expenses more important of the dollar and the adoption of the citizens is also on the exchange rate, remittances and vulnerability to rising dollar, as well as we also convert the cash in dollars, both from residents and traders for their dealings different, and Nsthsal commission simple not to exceed forty thousand dinars for each (book ten thousand Dolaramirka) and deposited the amounts we have against the receipts of receipt, and we convert the Iraqi currency to the dollar for the beneficiary can handle them abroad, mostly the deposit amount in dollars to avoid a difference of exchange, especially in large amounts, and with great regret, the market trading in foreign currencies has seen muted significant and significantly affected the markets Sulaymaniyah trade and the movement of the purchase when citizens The traders also ..
Awat Messenger seller electrical appliances, says the site PUKmedia: I have become a problem of political differences between the central government and the province and the problems of security and terrorism and other events rapidly escalating in the region and caused the strike movement of the commercial market among all Iraqi provinces and affected with traffic and goods and other activities, which led to the move the market and activate in various fields and the market was very refreshed and today has been severely damaged with deep regret? I personally edit a gain of low profits simple through the sale of electrical appliances because sometimes affected by these devices will be a little in front of rising or falling dollar citizen need to deal with agencies to spend the needs of household or office from TV and refrigerator and other household appliances and the lack of young married couples in this day, Whatever happened, it is ultimately the high yield market and prices as well as we also do not have a solution and that the loss will be less if it dealt with the movement and activity of Sulaymaniyah markets ..
Cowen Messenger accountant banker said the site PUKmedia: that everyone is influenced by variables economic, security and political case with far-conflict was and is still the reason for the deterioration of the market and the movement of the banks so that became the clouds more than a deposit and savings and there is also closing the accounts of many of the customers of the bank and the departure of dealing with the banks and the reasons are many, not be considered and countless And you journalists, you know, as defined by bankers and citizens, as well as affected by the market will reflect ultimately on the possibility of the citizen and the purchasing power and weaken while and piety while another through markets or real estate sale and trade of all kinds, and this Miather negatively on every member of the community and so traders may Teixd their trade because of that, and must find alternatives and to develop plans to address the real financial situation and the economic recession and the tiger trade him?
PUKmedia Khalid Al-Najjar / Sulaymaniyah
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