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Neno's Place Established in 2006 as a Community of Reality


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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


    Trade sells foodstuffs at a competitive price to combat monopoly

    Rocky
    Rocky
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    Trade sells foodstuffs at a competitive price to combat monopoly Empty Trade sells foodstuffs at a competitive price to combat monopoly

    Post by Rocky Wed 18 Oct 2023, 4:06 am

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    [size=52]Trade sells foodstuffs at a competitive price to combat monopoly[/size]

    [size=45]The Ministry of Commerce stated that it seeks to confront the monopoly of foodstuffs in the markets by selling materials at lower prices, noting that the price difference for foodstuffs in the Kurdistan region is almost negligible compared to the rest of the Iraqi governorates, especially Baghdad and the south.[/size]
    [size=45]Ministry of Commerce spokesman Muthanna Jabbar said, “The minister chaired a higher committee that includes experts and academics, aiming to control monopoly and any type of inflation in the prices of consumer and food items in the local market.” Muthanna Jabbar explained, “Within 10 days, we witnessed a campaign to sell table eggs, chicken, and cut meat at prices close to the cost price, as the difference between them and what is sold in the local market was about 25%,” indicating that “a layer of table eggs was sold for five thousand Iraqi dinars.” While its price in the markets is eight thousand dinars.”[/size]
    [size=45]The spokesman for the Iraqi Ministry of Commerce noted that “two trucks of these materials are sold daily in the capital, Baghdad, for 10 days, that is, 20 trucks of eggs and the same number of chickens,” pointing out that “the weight of a carton of table eggs is 24 kilograms.”[/size]
    [size=45]As for the Kurdistan region, Muthana Jabbar explained, “Food prices in the Kurdistan region are calm, because it is close to the border crossings with Turkey and Iran. Therefore, most merchants in Baghdad and the southern governorates source their food supplies from the Kurdistan region, because successful fields are located in the Kurdistan region.” “.[/size]
    [size=45]The spokesman for the Ministry of Commerce considered the Kurdistan region “a source that contributes to reducing the prices of foodstuffs,” noting that “the transport of table eggs and chickens from the Kurdistan region to the rest of the governorates is very easy and smooth.”[/size]
    [size=45]Muthanna Jabbar stressed that “Iraq is one of the countries that was not affected by the global food crisis that the world went through during the past eight months,” indicating that “Iraq was not affected by the insane rise in food prices, due to the continued distribution of food basket materials according to their normal schedules, which contributed By curbing prices.” For weeks, Iraq has been witnessing an increase in the prices of commodities, especially basic foodstuffs, due to the impact of these items on the rise in the exchange rate of the US dollar, which these days ranges at about 1,600 Iraqi dinars.[/size]
    [size=45]Earlier, the government was directed to monitor price increases, hold manipulators and negligent persons accountable within local markets, and monitor the prices of important and essential goods and commodities.[/size]
    [size=45]The Ukrainian crisis has deepened the suffering of a wide segment of Iraqis, as food prices, especially flour, cooking oil, and sugar, have risen dramatically in a country facing high rates of poverty and unemployment. The competent authorities are carrying out intensive campaigns on wholesale markets and public markets in Baghdad and various cities, and have arrested a number of merchants involved in price manipulation and food monopoly. Competition and Monopoly Prevention Law No. 14 of 2010 Anyone who violates the provisions of this law shall be punished by imprisonment for a period of no less than one year and no more than 3 years, or a fine of no less than one million dinars and no more than 3 million dinars. He shall also be punished by imprisonment for a period not exceeding one year. Anyone who causes an increase or decrease in the prices of commodities or securities prepared for trading shall be subject to a fine not exceeding 100 dinars, or one of these two penalties.[/size]
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