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Iraq: raced to withdraw funds from banks and Trade Minister feared food shortages

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therealbubbie

therealbubbie
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Food prices rose in the Iraqi market as a result of the deterioration of security conditions in a number of provinces which border ports of entry of goods from neighboring countries, especially neighboring Iran, Anbar, Diyala, adjacent to Jordan, Ninewa near Turkey. He accused a number of Iraqi Parliament members the Government neglect of food security projects, despite several warnings by the Ministry of Commerce. Iraqi forces lost control of cities and towns in the provinces of Salaheddin and Kirkuk following the rapid intervention forces stormed the theatre sit-in hawijah last week, killing and injuring dozens of protestors.
And saw the branches of Government and private banks over the past week the racetrack by customers who rushed to withdraw their assets for fear of worsening security conditions in their cities and shortages in food supplies. These fears began to come true after the failure of Iraq to find dealers quick alternatives to secure many of the foods that were imported from Jordan and Syria, especially after the decisions by which the closed crossings with Jordan wehasibh post with Syria because of their proximity to the deterioration of the security situation.
Iraqis expressed concern about other instructions to close the Rabia crossing between Nineveh and Syria and crossing with Turkey, the markets may lose this most important food source i.e. Turkey, especially if events escalated in Kirkuk province, which will close with the only route between Baghdad and Kurdistan and Turkey, and it's the same with Iranian goods supplies would have seen similar events in Diyala province.
Member of the Board of deputies of iraqiya Suhad Obeidi confirmed for «life» should such notification not included in government programmes, it had always believed that Iraq possessed the economic power of oil and food security. Al-Obeidi said that Trade Minister Hassan Khairallah Babiker had clear warnings launched by attending meetings of the parliamentary Economic Committee.
The Ministry of Commerce
Babiker said that after assuming office and some facts related to food security, the threat of famine is threatening Iraq, noting that Iraq's oil wealth would benefit the country in the event of a political variable or event--or even war engaged by neighboring countries. He continued: '' the food is not enough balance of only four months, and all now consume comes from outside the border and specifically Iran, Syria, Turkey, Jordan, Saudi Arabia and Kuwait, stressing the need to implement a plan to secure food security strategy as quickly as possible, but the results will be disastrous, especially if the experiment proved unable to establish homeostasis, or configure the good relations with neighboring countries, which often is tug-of-war scene clear».
Academic and economic expert Imad Al Aboud said "life" that absent Trade Minister talked today about the Iraqi legislature diagrams. He pointed out that international experts also warned of shortages in the imports of the Tigris and Euphrates rivers in the coming years as a result of low rainfall and the giant dams Turkey requires building filled huge quantities and many years, and here we must anticipate events and thinking about several alternatives including cessation of hydraulics system of generation and seawater desalination.
And still the Iraqi crisis food industries clearly defined planning due to the country's markets food products come from abroad. Kim noted the inadequacy of the individual nature of Iraq which is universally supreme, noting a study it is shown that the average household spends each monthly income on food and can adapt according to income, noting that Arab per capita spend 50 to 80 percent of its resources on food, while not dismissing the individual Western more than 20 percent on food. He pointed out that this great disparity was due to weak food conservation culture. And «that the Iraq of riches might help him to get out of difficult crises, but we use this wealth to shield their economic crisis, with the soft sign, will pass to the size of the disaster.
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