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An economic expert warns against raising the value of goods by selling them at “shadow market” prices.
January 8 10:25
Information / Baghdad...
The economic expert, Safwan Qusay, warned on Monday that
some merchants are raising the value of goods and selling them at shadow market prices instead of selling at the official price approved by the Central Bank of Iraq. Qusay told Al-Ma’louma,
“There is a need for the Central Bank and the Ministry of Commerce to identify Iraqi merchants who import goods at official prices and assign the Economic Security Service to monitor the prices of these goods, so that they are not sold at shadow market prices.” He added,
"There is a possibility of adding an acceptable percentage in favor of merchants for the goods they import,
but if they are sold at shadow market prices, the prices of the goods will rise greatly and the merchant will achieve very large profits at the expense of the final consumer." He stated,
"Although the Ministry of Commerce provides the food and construction basket to help vulnerable classes and ensure that they are not affected by rising prices,
there is a need to increase transparency through knowledge of official merchants, imported goods, and marketing centers in order to ensure that local prices do not rise above international prices." Ended 25 n
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January 8 10:25
Information / Baghdad...
The economic expert, Safwan Qusay, warned on Monday that
some merchants are raising the value of goods and selling them at shadow market prices instead of selling at the official price approved by the Central Bank of Iraq. Qusay told Al-Ma’louma,
“There is a need for the Central Bank and the Ministry of Commerce to identify Iraqi merchants who import goods at official prices and assign the Economic Security Service to monitor the prices of these goods, so that they are not sold at shadow market prices.” He added,
"There is a possibility of adding an acceptable percentage in favor of merchants for the goods they import,
but if they are sold at shadow market prices, the prices of the goods will rise greatly and the merchant will achieve very large profits at the expense of the final consumer." He stated,
"Although the Ministry of Commerce provides the food and construction basket to help vulnerable classes and ensure that they are not affected by rising prices,
there is a need to increase transparency through knowledge of official merchants, imported goods, and marketing centers in order to ensure that local prices do not rise above international prices." Ended 25 n
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