Iraq has taken firm steps to stop unfair price hikes, focusing on vital sectors like food and medicine. Prime Minister Mohammed Shia Al-Sudani has demanded action from all government agencies. He asked officials to closely monitor traders and companies who raise prices unfairly. This crackdown comes despite a stable dollar-to-dinar exchange rate.
The Iraqi leader pointed to a clear issue. He said some companies and traders continue raising prices, even though the dollar rate has stabilized. These practices hurt ordinary people who rely on basic goods such as bread, flour, and medicine.
To stop this problem, Al-Sudani ordered stronger cooperation. He called on regulators to work with the ministries of Commerce, Agriculture, and Health. By working together, these bodies can apply consistent rules and check market activity more effectively. This move aims to ensure fair prices across Iraq.
Stable dollar-to-dinar exchange rate has become central to this policy shift. With less currency fluctuation, the government sees no reason for rising costs. Al-Sudani said the current dollar value shows no signs of instability. Therefore, he believes price hikes are unjustified and harmful to citizens.
As a result, bakeries, flour mills, and pharmacies face stricter inspections. Officials will check whether these businesses charge more than necessary. Traders who break rules may face penalties, especially if they exploit shortages or spread fear of inflation.
Meanwhile, Iraq’s citizens continue to feel the pressure of market changes. Many families struggle to buy daily essentials, even when currency markets stay steady. So, the government aims to bring relief by making sure prices match real costs.
Furthermore, the prime minister warned that authorities will not tolerate price manipulation. He emphasized the importance of a fair market. He also said officials must protect citizens from artificial inflation. The goal is to maintain trust between the government and the people.
The stable dollar-to-dinar exchange rate supports this mission. As the dollar weakens slightly, prices should remain the same or even drop. Any trader who ignores this trend will face legal consequences.
With continued oversight and ministry cooperation, Iraq hopes to rebuild confidence in its markets. The new policy targets price abuse while keeping essential goods affordable. For Iraqi citizens, these measures bring hope of stability and fairness.