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Most notably, gold and the dollar.. Proposals to preserve savings and avoid sudden price hikes
Investigations and Reports 25-04-2022, 12:05
Baghdad
The rise in prices and the weakness of the currency, as well as global inflation and its impact on the markets in general, constitute a source of great concern for Iraqi families, as
it threatens their savings, and turns them into part of their daily expenses, while
specialists in economic affairs have given advice to citizens to preserve their savings and avoid market fluctuations.
The economist in the Middle East affairs, Abdul Rahman Al-Mashhadani, told the Iraqi News Agency (INA), that "the classification of the middle class in society is divided between two types, the
first belongs to those with stable incomes, and these people have more monthly income than their monthly expenses, which allows them to save part of the money and invest it."
As for the other type, those whose monthly income is dedicated to meeting daily requirements, and there is no surplus.
He explained, "The first type of middle-class classifications is exposed to losing their savings with the large fluctuation of prices and the devaluation of the dinar,"
while he made proposals to maintain the minimum profits, including diversifying the investment portfolio, allocating part of the saved money to buy gold and converting the other part into dollars, to side of real estate purchase.
coin holding
Meanwhile, Duraid Al-Anazi, an economist, confirmed to the Iraqi News Agency (INA) that "the middle class usually has its savings in banks, which leads to its exposure to weak purchasing power in the market, because the issue of rising prices continues," noting that
"gold is not available." In large quantities, citizens can rely on it,
as well as keep currencies such as the dollar, the euro and the Kuwaiti dinar.
He added, "The issue of buying real estate requires effort and time in case the citizen needs money, as the stages of completing the sale and tax transaction when transferring ownership are losses of time and money,"
calling "owners of medium savings to invest in currencies as a guarantee to maintain their purchasing power."
buy shares
In turn, the economic expert Manar Al-Obaidi disclosed to the Iraqi News Agency (INA), that "after the conditions of increasing global inflation and high prices, it is better for citizens to resort to guaranteed investments, including buying gold, in addition to moving towards long-term and fixed investments, such as real estate or deposits in banks.
Although it can be dangerous as a result of declaring bankruptcy or changing prices and currency depreciation, which leads to a reduction in the financial mass of the amounts in banks.”
He pointed out that "one of the investment methods is to buy shares in some solid and stable companies over the years, which contributes to preserving money."
Most notably, gold and the dollar.. Proposals to preserve savings and avoid sudden price hikes
Investigations and Reports 25-04-2022, 12:05
Baghdad
The rise in prices and the weakness of the currency, as well as global inflation and its impact on the markets in general, constitute a source of great concern for Iraqi families, as
it threatens their savings, and turns them into part of their daily expenses, while
specialists in economic affairs have given advice to citizens to preserve their savings and avoid market fluctuations.
The economist in the Middle East affairs, Abdul Rahman Al-Mashhadani, told the Iraqi News Agency (INA), that "the classification of the middle class in society is divided between two types, the
first belongs to those with stable incomes, and these people have more monthly income than their monthly expenses, which allows them to save part of the money and invest it."
As for the other type, those whose monthly income is dedicated to meeting daily requirements, and there is no surplus.
He explained, "The first type of middle-class classifications is exposed to losing their savings with the large fluctuation of prices and the devaluation of the dinar,"
while he made proposals to maintain the minimum profits, including diversifying the investment portfolio, allocating part of the saved money to buy gold and converting the other part into dollars, to side of real estate purchase.
coin holding
Meanwhile, Duraid Al-Anazi, an economist, confirmed to the Iraqi News Agency (INA) that "the middle class usually has its savings in banks, which leads to its exposure to weak purchasing power in the market, because the issue of rising prices continues," noting that
"gold is not available." In large quantities, citizens can rely on it,
as well as keep currencies such as the dollar, the euro and the Kuwaiti dinar.
He added, "The issue of buying real estate requires effort and time in case the citizen needs money, as the stages of completing the sale and tax transaction when transferring ownership are losses of time and money,"
calling "owners of medium savings to invest in currencies as a guarantee to maintain their purchasing power."
buy shares
In turn, the economic expert Manar Al-Obaidi disclosed to the Iraqi News Agency (INA), that "after the conditions of increasing global inflation and high prices, it is better for citizens to resort to guaranteed investments, including buying gold, in addition to moving towards long-term and fixed investments, such as real estate or deposits in banks.
Although it can be dangerous as a result of declaring bankruptcy or changing prices and currency depreciation, which leads to a reduction in the financial mass of the amounts in banks.”
He pointed out that "one of the investment methods is to buy shares in some solid and stable companies over the years, which contributes to preserving money."
