More Iraqi News Wednesday PM 2-23-22
More Iraqi News Wednesday PM 2-23-22
TLM724 Administrator BondLady’s Corner
Planning: The Size Of The Monetary Mass Behind The High Rates Of Inflation In Iraq
Economie- 02-23-2022 10:19 AM - Read: 2,933 The Ministry of Planning in the federal government revealed that inflation in Iraq has risen by six percent.
The official spokesman for the Ministry of Planning, Abdul-Zahra Al-Hindawi, said that several internal and external factors are behind the annual inflation of the currency in the country, in addition to the size of the monetary mass in circulation and the investment rate.
He also confirmed that the inflation index increased during this year by six percent, which is a natural and logical rise according to the economic reality of the country, especially after the indicators witnessed a remarkable rise worldwide, affected by the repercussions of the Corona pandemic, and the rise in prices globally.
Al-Hindawi added that the main factor for the rise and fall of inflation is related to the volume of currency available for circulation, investments and imports. https://www.dijlah.tv/index.php?page=article&id=300395
Deputy Speaker Of Parliament: Iraq's Exit From Chapter VII Is A Step Towards An Influential Foreign Policy Regionally And Globally
Policy- 02-23-2022 02:24 PM - Number of readings: 1546 The Deputy Speaker of Parliament, Dr. Shakhwan Abdullah Ahmed, blessed the Iraqi people on the occasion of the announcement by the Minister of Foreign Affairs in the Federal Government that Iraq exited from the procedures of Chapter VII of the United Nations and fulfilled all its international obligations, and paid compensation due to the invasion of the former regime of the State of Kuwait in 1990.
His sovereignty praised the tireless efforts of Iraqi diplomacy and ending The compensation file, which constituted economic and financial burdens on the people, and continued for more than thirty years.
In a statement, the Deputy Speaker of Parliament expressed his great happiness for this important achievement of the Iraqi Foreign Ministry, adding,
“Iraq’s exit from Chapter VII is a great progress and a step towards an influential foreign policy regionally and globally, strengthening cooperation with the international community, and
we look forward to building the best relations and a policy of development and integration.” economic cooperation with neighboring countries, and support efforts aimed at establishing the pillars of security and peace in the region. https://www.dijlah.tv/index.php?page=article&id=300421
Psychological Prices Sweep The Iraqi Markets
Mahdi Hanoun Al-Alaq Most retailers (wholesalers sometimes) resort to the adoption of fractions in the pricing of their goods and services, whether in virtual reality or in real life, as one of the pricing methods affecting the hearts of customers, or the so-called (fractional pricing) because the specified price contains fractions because of its positive impact on Consumer buying decision, and accordingly psychological pricing depends on simple changes that deceive the brain, so this process is called magic pricing as well.
The strategy is followed by most of the global company, such as “Apple.” If you open the App Store, you will find that the application is based on the price of $ 9.99 instead of writing $10 explicitly.
Also, for example, if there are two products of a particular merchandise and one of them is priced at $19.99 and the other at $20.00, then customers often tend to prefer the first good or service over the second, believing that they pay one dollar less than the second one.
This method of setting the price gives an indication to the customer that the price is right for him and that it is inexpensive or also suggests that the seller is doing his best to keep the price as low as possible.
Also, the way the price appears can psychologically affect buyers.
Giving up a few cents makes customers feel like they are spending less money.
It seems like $20 is cheaper than $20.00 because the first number is not long in appearance.
Another form of psychological pricing is single pricing, as studies have shown that 70% of customers buy online items from Amazon that end in an odd number more than they buy items that end in doubles because the prices are different for the buyer, for example (189 dollars, 149,000, 199,000)
It is a psychological method to attract customers towards the product and arouse its interest.
The fractional and odd methods may be combined at one price, for example (189.99) (19.99).
In fact, most customers are ashamed of taking the remaining cents!!.
There is also a recent psychological pricing method that some retailers or wholesalers resort to, which is "fake time constraints" such as (one-day offer only!) or discounts that end within a few hours, which encourage customers to make purchases quickly - before the expiration date offers.
One of the disadvantages of psychological pricing is that its strategy may fail in the future, as messing with people's minds sometimes can backfire, because the usual person refuses to get something for $4.99 at $5.00 next time, no matter how cheap the item is.
Also, having a lot of discounted merchandise can damage a brand's reputation, if that reputation is based on prestige, luxury or quality, because some people think that discounts show poor product quality or that customers are being manipulated.
In conclusion, traders should beware of the thin line between continuing to compete in the market and the appearance of identical prices to competitors.
If the price of all sellers for the same commodity is $2.99, what distinguishes you from others?!.
Views 610 Date Added 02/22/2022 https://economy-news.net/content.php?id=27226
The Appearance Of Muhammad Salih To / Nina /: Establishing A Fund For Budget Stability Is Important To Face International Fluctuations In The Oil Market
Tuesday 22 February 2022 09:16 | economic Number of readings: 154 Baghdad / NINA / - The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the establishment of a budget stabilization fund is important to face the international fluctuations in the oil market.
He told the National Iraqi News Agency ( NINA ) that establishing a budget stabilization fund that addresses external shocks that are exposed to fluctuations and surprises in the oil markets is important in order to sustain spending on investment projects approved in the state's investment budget without interruption.
He explained that this matter, if done, would enhance the efficiency index of foreign currency reserves, which are the supportive cover for economic stability and confronting inflationary activities
https://ninanews.com/Website/News/Details?Key=958307
Al Rasheed Bank Directs Its Branches By Promoting Loan Transactions Of All Kinds
151 Economics 2022/02/23 11:51 Baghdad today – Baghdad Al-Rasheed Bank, on Wednesday, branches by promoting loan transactions for all citizens.
"All branches of the bank were directed to promote loan transactions for all citizens," the bank said in a statement received by Baghdad.
"The citizens wishing to take advantage of loans given by the bank to review its branches in Baghdad and the provinces to see the instructions and according to the type of loan. https://baghdadtoday.news/ar/news/182005/A
Parliament Sets Next Monday As The Date For Hosting The Minister Of Finance
Political | 04:12 - 22/02/2022 Baghdad - Mawazine News On Tuesday, the Speaker of the House of Representatives and his first and second deputies held a meeting with the heads of parliamentary blocs, to discuss a number of issues related to the work of the Council during the coming period.
According to a statement by Al-Halbousi’s office, Mawazine News received a copy of it, “During the meeting, the mechanism for distributing members to the parliamentary committees was discussed, as the presidency of the Council called on the heads of the parliamentary blocs to expedite the presentation of the names of their candidates, taking into account the competence, experience and efficiency in that, and to confirm The necessity of proceeding to resolve the formation of committees, the regularity of the council’s agenda, and the activation of the legislative and oversight role, regardless of the issue of electing the president of the republic or forming the next government.
The Presidency of the Council, during the expanded meeting with the heads of the parliamentary blocs, instructed the Parliamentary Department to distribute the unfinished bills in the previous session (due to the end of the Council’s work before the end of its regular session and the holding of early elections) to members of the House of Representatives in the various committees, with the aim of maturing them and completing their legislation in the current session. .
He continued, "The presidency of the Council has set Monday next week as a date for holding a session of the House of Representatives, for the purpose of voting on the formation of parliamentary committees and the distribution of Representatives to the committees.
He pointed out, "The agenda of the next session, on Monday, February 28, will include hosting the Minister of Finance, in accordance with Parliament Law and its formations No. 13 of 2018 and the Parliament's internal system, at the request of Representative Burhan Al-Maamouri with the support of 100 deputies." https://www.mawazin.net/Details.aspx?jimare=185414
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