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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    In Baghdad, the dollar ignites meat prices

    Rocky
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    • Post n°1

    In Baghdad, the dollar ignites meat prices Empty In Baghdad, the dollar ignites meat prices

    Post by Rocky Wed 25 Jan 2023, 8:06 am

    In Baghdad, the dollar ignites meat prices



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    2023-01-25 04:01
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    Shafaq News/ With the rise in the dollar prices in the local markets over the past weeks, in which the dollar exceeded 160,000 Iraqi dinars, this was reflected in the increase in the price of commodities and basic foodstuffs, including red and white meat.



    The price of meat from sheep and calves in some high-end areas in Baghdad, such as the Karrada neighborhood, reached 19 thousand dinars, and it decreased in popular areas to reach 16 thousand dinars, after the selling price previously ranged between 13 to 15 thousand dinars per kilo.
    Dollar rise
    The owner of a meat shop, Suleiman Hikmat, told Shafaq News agency, "The reasons for the increase in meat prices lie in the fact that meat merchants import sheep from Syria, Turkey and Iran, while calves are imported from Ukraine, and therefore the rise in the dollar led to an increase in the prices of Iraqi meat." To reach 18 thousand dinars per kilo, after it was at a price of 16 thousand dinars.
    Hikmat added, "The existing Iraqi sheep and calves are not sufficient to meet the need of the local market, which also rose after the increase in the prices of the importer," noting that "most of the meat retailers buy the imported one, given its cheap price compared to the Iraqi one, and therefore most citizens They do not distinguish between the Iraqi and the imported.
    For his part, the owner of the (Al-Karrar) shop for selling chicken meat saw, during his interview with the agency, that "the prices of imported slaughtered chicken increased with the rise of the dollar," pointing out that "the Turkish chicken called (Kaskinoglu) weighing one kilo and 100 grams, its total rose from 2700 to 3850 thousand dinars.
    The owner of the chicken shop pointed out that "Iraqi chicken of all kinds also increased, reaching between 4,500 to 6,500 thousand dinars per kilogram."
    "by-product" meat
    On the other hand, citizen Hassan Hadi indicated, during his interview with Shafaq News Agency, that he was surprised while buying half a kilo of veal that the price is 19 thousand dinars per kilo, pointing out that he "hesitant to take it, but he was embarrassed about that after the meat was cut ".
    He added, "The price is exaggerated, and merchants are taking advantage of this matter with the rise in imported goods and foodstuffs," pointing out that "these meats that are sold are mostly Iraqi and have nothing to do with the dollar."
    As for the citizen, Fadel Hassan, he confirmed to the Agency that he has dispensed with buying meat completely and now considers it a secondary commodity, noting that "the price of chicken, although it is also high, is considered appropriate compared to the meat of sheep and calves."
    Hassan stressed the need for "the intervention of the regulatory authorities and those responsible for that, and to hold accountable all those who try to raise food prices and take advantage of the crises to obtain profits at the expense of the poor citizen."
    The power of mafias
    Meanwhile, economic expert Muhammad al-Hassani saw that "most of the merchants are supported and affiliated with parties or officials. They have become mafias that control the people's power, and that the state is unable to respond or prevent them."
    Al-Hassani added, during his speech to the agency, that "any rise in the prices of imported goods is followed by a rise in locally produced goods, which reflects shortcomings and imbalances in the structure of the Iraqi economy," calling on the government to "subsidize products and open central markets as it was previously to prevent monopoly."
    On Wednesday morning, a demonstration was organized by hundreds of citizens who came from various Iraqi governorates in front of the Central Bank in central Baghdad to protest against the high exchange rates of the US dollar against the dinar, and the cause of an economic crisis.
    And the Iraqi currency lost about 10 percent of its value, says the Wall Street Journal in a report it published a few days ago, after procedures related to imposing compliance rules on the Central Bank of Iraq's dealings with currency dealers with regard to the US dollar.
    Under the new procedures, Iraqi banks are required to submit dollar transfers on a new online platform with the Central Bank of Iraq, which are then reviewed by the Federal Reserve Bank.
    US officials say the system aims to limit the use of the Iraqi banking system to smuggle dollars to Tehran, Damascus and money laundering havens across the Middle East.
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