He explained how traders in the country can avoid losses...an economist determines...

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[size=52]He explained how traders in the country can avoid losses...an economist determines...[/size]

[size=45]Al-Zawraa has the necessary mechanism to control commodity prices and subject them to the official price
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01/11/2024
Mustafa Falih:
An economic expert identified the mechanism that the government must follow to control commodity prices and subject them to the official price, while indicating how to spare merchants loss.
The economic expert, Safwan Qusay, said in an interview with “Al-Zawraa”: “Implementing the unified treasury account, as well as the process of creating an administrative financial account for integrated purposes, and forcing all merchants who use the electronic platform in the import process to provide the regulatory authorities with a statement explaining where this commodity comes from and what are the stores.” This merchant, where these goods are marketed, who purchased these goods, and the value of the revenues obtained from the sale of these goods, needs an electronic system to track the movement of goods from the supplier to the customer who makes the purchase.” He added, "If this mechanism is implemented accurately, we will obtain financial stability in the markets. There is no solution for small traders or others who do not enter the platform except by entering the platform. However, the non-compliance of the real traders who benefit from the official price with the official prices will lead to turmoil in the markets and enable non-compliant traders." “We need a clear system for real traders to comply with the prices at which they are imported and not to sell at shadow market prices, and to hold accountable those who raise prices on the consumer and lead to harming the movement of markets. We also need to expand the circle of Community control through the Central Bank displaying the merchants who benefit from the electronic platform, what types of imported goods, what are the marketing centers in which they are sold in order to increase the ability of supervision not only by the Ministry of Interior but also by society,” noting, “the more we raise From the level of the relationship with customers at the prices of imported goods and the possibility of tracking the prices of these goods, we had a large and broad compliance system, without harming importers. There is nothing wrong with raising the prices of goods at a reasonable profit commensurate with the turnover rate of these goods and the need for them in the local environment.” He pointed out, “The import process is supposed to be within long-term contracts. Merchants receive a quantity discount. Certainly, entering goods from official outlets, knowing the purchase price, and adding a reasonable profit to the merchants will not incur losses from the exclusivity operations.” He added, "It was noted last week that shipping prices rose as a result of the unrest in the Red Sea, and container transportation prices doubled, which may lead to a section of merchants incurring additional costs who are trying to inflate prices in order not to bear part of this loss," stressing "the need to have insurance on these prices." “With costs calculated in advance and contracts, the supplier cannot raise prices according to the market or the shipper,” indicating that “such hedges can ensure traders’ profits, ensure price stability, and ensure that the consumption price does not fluctuate, thus reducing loss or any price fluctuation for consumers, and certainly confidence.” Consumers are reduced, whether by the procedures of the Central Bank or the procedures of the Ministry of Interior in tracking price movement.”[/size]
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