Sun 07/15/2012
Baghdad (news) / report / Faleh Hussein / ..
Preoccupation with market traders and how to turn a profit in the near
month of Ramadan, it is likely experts and Vice-low purchasing power of
the citizen by the expected increase in food prices is not equivalent to
the daily income.
They warned of the low exchange rate of the dinar significantly in Ramadan, because of confusion happening in the local market and the potential for high rates of inflation, but the face of these possibilities put the central bank plan to preserve the value of the dinar, which was sent to the Economic Committee in the Council of Ministers for approval to be effective.
In this regard, said a member of the Finance Committee MP / National Alliance / Faleh force (of the Agency news): The Central Bank may take into consideration the low exchange rate of the dinar against the dollar during the month of Ramadan, he put a financial plan will reduce the gravity of that in the event of approval.
He stressed: that the promises of the Ministry of Commerce to distribute a share with a full additional materials in Ramadan did not affect the prices that Ststar, adding that the ministry had not died on its promises so far.
For his part, most likely, an economist reconcile inhibitor for weakness in the purchasing power of the citizen during the month of Ramadan due to increased prices in the domestic market, which is disproportionate to his monthly income.
The inhibitor (agency news): The Iraq did not possess a system (quota), which cause upheaval in the economic process and trade in the country.
And (quota) in the trading system means that there is a specific price ceiling imposed by the government to merchants and shop owners and requiring them to sell goods and materials at the price specified under any circumstances.
He added that price increases will also affect the local currency by increasing the demand for the dollar and make the exchange rate volatile, especially since the dinar is currently experiencing a decline against the dollar.
The expert proposed solution and the Ministry of Commerce and the delivery of business processes, especially the ration card file for the private sector in order that his functions, creating a competitive atmosphere in the local markets, by providing materials needed by the citizen to it and at competitive prices.
For his part, member of the Economic Commission for MP / coalition in Iraq / Qusay Friday: that an increase in prices in the month of Ramadan is normal in light of the growing demand for the purchase of this without the rest of the months.
Juma said (of the Agency news): It is assumed that the Ministry of Commerce to provide all the ration card items in order to make stable prices in the domestic market, because the price increase will affect directly on the citizen, especially those with limited income.
He predicted the survival of the dinar exchange rate steady against the dollar during the month of Ramadan.
For Member of the economy and investment MP / National Alliance / Resan Abdul-Hussein, he criticized the absence of plans and preparations for the Ministry of Commerce to receive the holy month of Ramadan.
Husseini said in a statement earlier received the Agency (news) copy of it: that food prices in the market began to rise with the approach of the holy month, since there is a growing demand from citizens before, criticizing the lack of plans of the Ministry of Commerce in this regard.
Resan and wondered: Do you think the ministry of Iraqi citizens as possible to be content to distribute five kilograms flour zero for each family and a half kilo basmati rice first degree and a quarter kilo lentils every citizen during the month of Ramadan in the country of its budget $ 100 billion?.
The new member of the Economic Committee: confirmation that there is no mechanism to control the rising food prices before the holy month of Ramadan.
It is noted that the provision of the ration card items are full of Iraqi consumers become problematic after 2003, and reduced vocabulary
Despite the high incidence of poverty and unemployment, and refers to official statistics, there are seven million Iraqis under the poverty line, failed efforts to the implementation of decision to reduce the ration materials, and only the concerned authorities, particularly the Ministry of Commerce certainly that the decision of the reduction came for reasons of policy approved by the House of Representatives and entered the Department of Commerce a. / Finished / 8. d. Q /
They warned of the low exchange rate of the dinar significantly in Ramadan, because of confusion happening in the local market and the potential for high rates of inflation, but the face of these possibilities put the central bank plan to preserve the value of the dinar, which was sent to the Economic Committee in the Council of Ministers for approval to be effective.
In this regard, said a member of the Finance Committee MP / National Alliance / Faleh force (of the Agency news): The Central Bank may take into consideration the low exchange rate of the dinar against the dollar during the month of Ramadan, he put a financial plan will reduce the gravity of that in the event of approval.
He stressed: that the promises of the Ministry of Commerce to distribute a share with a full additional materials in Ramadan did not affect the prices that Ststar, adding that the ministry had not died on its promises so far.
For his part, most likely, an economist reconcile inhibitor for weakness in the purchasing power of the citizen during the month of Ramadan due to increased prices in the domestic market, which is disproportionate to his monthly income.
The inhibitor (agency news): The Iraq did not possess a system (quota), which cause upheaval in the economic process and trade in the country.
And (quota) in the trading system means that there is a specific price ceiling imposed by the government to merchants and shop owners and requiring them to sell goods and materials at the price specified under any circumstances.
He added that price increases will also affect the local currency by increasing the demand for the dollar and make the exchange rate volatile, especially since the dinar is currently experiencing a decline against the dollar.
The expert proposed solution and the Ministry of Commerce and the delivery of business processes, especially the ration card file for the private sector in order that his functions, creating a competitive atmosphere in the local markets, by providing materials needed by the citizen to it and at competitive prices.
For his part, member of the Economic Commission for MP / coalition in Iraq / Qusay Friday: that an increase in prices in the month of Ramadan is normal in light of the growing demand for the purchase of this without the rest of the months.
Juma said (of the Agency news): It is assumed that the Ministry of Commerce to provide all the ration card items in order to make stable prices in the domestic market, because the price increase will affect directly on the citizen, especially those with limited income.
He predicted the survival of the dinar exchange rate steady against the dollar during the month of Ramadan.
For Member of the economy and investment MP / National Alliance / Resan Abdul-Hussein, he criticized the absence of plans and preparations for the Ministry of Commerce to receive the holy month of Ramadan.
Husseini said in a statement earlier received the Agency (news) copy of it: that food prices in the market began to rise with the approach of the holy month, since there is a growing demand from citizens before, criticizing the lack of plans of the Ministry of Commerce in this regard.
Resan and wondered: Do you think the ministry of Iraqi citizens as possible to be content to distribute five kilograms flour zero for each family and a half kilo basmati rice first degree and a quarter kilo lentils every citizen during the month of Ramadan in the country of its budget $ 100 billion?.
The new member of the Economic Committee: confirmation that there is no mechanism to control the rising food prices before the holy month of Ramadan.
It is noted that the provision of the ration card items are full of Iraqi consumers become problematic after 2003, and reduced vocabulary
Despite the high incidence of poverty and unemployment, and refers to official statistics, there are seven million Iraqis under the poverty line, failed efforts to the implementation of decision to reduce the ration materials, and only the concerned authorities, particularly the Ministry of Commerce certainly that the decision of the reduction came for reasons of policy approved by the House of Representatives and entered the Department of Commerce a. / Finished / 8. d. Q /