Economic specialist for / NINA /: The rise in the dollar has eaten a third of the salaries of employees, people with limited income, workers and workers

Wednesday 14, April 2021 09:14
 
Baghdad / NINA / The specialist in economic affairs, Hussein Shaker Tahilo, confirmed that the high exchange rate of the dollar against the dinar is about eating about a third of the salaries of employees or those with limited income, workers and workers.

In a statement to the Iraqi National News Agency ( NINA ) , Tahilo said : Iraq sits on enormous natural resources, oil resources, water resources and all the elements of the economy, but it suffers from many crises and imbalances, the most recent of which is the rise of basic foodstuffs in the markets in the absence of some items of the ration card, attributing that To three axes, the first is the high exchange rate by the Iraqi government under the pretext of helping the local industry, the second is that the government does not control the markets, which prompted some traders to manipulate prices, and the third is the failure to provide the ration card items.

He added: All these reasons have led to an increase in the prices of foodstuffs, and the main reason is the high exchange rates, because most of the necessary materials are imported from abroad and the lack of alternatives to them in the local markets, as well as the government's lack of control over the markets has led to some merchants' greed to raise prices with the increase Demand for it with the approach of the blessed month of Ramadan. ”And also the failure to provide some of the basic ration card items for the Iraqi citizen, although the Council of Ministers had instructed the Ministry of Trade to provide the items of the ration card and also promised to monitor prices in the markets, but it did not result in any effect on that .. This increase has led to the erosion of nearly a third of the salaries of employees or those with limited income, workers and workers.

He stressed: "The way out of this crisis is through studying and planning the rise in exchange rates and their impact on the rise of basic materials and support for the local industry, as well as providing the ration card items for the Iraqi citizen so that the demand in the markets decreases and thus prices decrease and also control the local markets by the government and be There is severe accountability for those who manipulate prices at the expense of the citizen

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