Economist reveals reasons for rising prices of goods and products: lack of government support and ex

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[size=52]Economist reveals reasons for rising prices of goods and products: lack of government support and exchange rate[/size]

[size=45]Financial and economic researcher Diaa Al-Mohsen revealed the reasons for the rise in prices of goods and products in Iraq, indicating that among these reasons is the absence of government support and the rise in the dollar exchange rate in local markets.[/size]
[size=45]Al-Mohsen said, "The problem of rising prices of meat and other products is due to reasons that may include the exchange rate of the dollar against the Iraqi dinar, which is the last reason that caused this increase." He pointed out that "there are important reasons that the government has not been able to find realistic solutions for, including the weak support for animal breeders and farmers. When we talk about support, it does not necessarily have to be financial, as there is moral support for them that gives them a strong push that the government views them as an important segment in ensuring food security for the consumer." He noted that "there are several types of this support, including providing feed at subsidized prices, vaccines, seeds and fertilizers, all of which contribute to lowering the prices of the products that these people offer to local markets. Then, activating the law to protect the local product and activating taxes on imported goods contributes to the interest of animal breeders and farmers in what they offer to the markets and increasing the quantities offered because the local product has a flavor that differs from other imported products."[/size]
[size=45]Al-Mohsen added that “one of the reasons that led to the rise in the prices of meat and other products is the reason related to religious occasions, and it is known to everyone that Iraqis buy large quantities of meat or other agricultural products on such occasions, and this is due to the generosity of Iraqis and their dedication to the love of the Ahl al-Bayt, peace be upon them. As for the dollar exchange rates, the monetary authority must find a solution for this matter, by searching for means that result in reducing inflation rates. Then the executive authority must work to alleviate the impact of the rise in the prices of goods and products by activating the agricultural sector, the manufacturing sector, and the rest of the sectors related to them. Then we will find a noticeable decrease in the demand for the dollar, which means that the dollar exchange rate will respond to the mechanism of supply and demand, and not as is happening now, where we find a significant increase in the sales of the Central Bank of Iraq of the dollar, and in return the dollar exchange rate rises in the black market.”[/size]
[size=45]Among the most important crops that must be banned from import and approved locally are “wheat, barley, and corn grains, in addition to vegetables and fruits, in addition to livestock products such as meat, dairy, and table eggs, which in turn raise the prices of local products in the country.”[/size]
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