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    Food Prices in Iraq

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    Seck
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    Food Prices in Iraq

    Post  Seck on Tue 14 May 2013, 17:41

    Milk (regular), 1 liter 1,558.86 IQD 1,448.75
    2,028.25
    Loaf of Fresh White Bread (500g) 1,159.00 IQD 1,159.00
    1,738.50
    Rice (1kg) 1,990.28 IQD 1,738.50
    2,318.00
    Eggs (12) 2,318.00 IQD 1,854.40
    2,318.00
    Local Cheese (1kg) 6,954.00 IQD 5,795.00
    11,590.00
    Chicken Breasts (Boneless, Skinless), (1kg) 5,795.00 IQD 4,636.00
    5,795.00
    Apples (1kg) 2,318.00 IQD 1,495.11
    2,318.00
    Oranges (1kg) 1,738.50 IQD 1,159.00
    2,318.00
    Tomato (1kg) 1,159.00 IQD 995.14
    1,159.00
    Potato (1kg) 1,159.00 IQD 869.25
    1,159.00
    Lettuce (1 head) 1,159.00 IQD 1,159.00
    2,318.00


    Last update : May, 2013
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    Money needed for food (2000 calories, balanced)

    Post  Seck on Tue 14 May 2013, 17:42

    Milk (regular), 0.25 liter 389.71 IQD
    Loaf of Fresh White Bread (130.00 g) 301.34 IQD
    Rice (0.13 kg) 258.74 IQD
    Eggs (3.60) 695.40 IQD
    Local Cheese (0.15 kg) 1,043.10 IQD
    Chicken Breasts (Boneless, Skinless), (0.25 kg) 1,448.75 IQD
    Apples (0.34 kg) 788.12 IQD
    Oranges (0.34 kg) 591.09 IQD
    Tomato (0.21 kg) 243.39 IQD
    Potato (0.25 kg) 289.75 IQD
    Lettuce (0.15 head) 173.85 IQD
    Daily money neccessary for food per person 6,223.24 IQD
    Monthly money neccessary for food per person
    (assuming 31 day per month) 192,920.45 IQD
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    Iraq price in USD

    Post  Seck on Tue 14 May 2013, 17:44

    Milk (regular), 1 liter 1.25 $ 1.25
    1.80
    Loaf of Fresh White Bread (500g) 1.25 $ 1.00
    1.50
    Rice (1kg) 1.70 $ 1.00
    2.00
    Eggs (12) 2.25 $ 2.00
    3.00
    Local Cheese (1kg) 5.00 $ 5.00
    6.00
    Chicken Breasts (Boneless, Skinless), (1kg) 5.00 $ 4.00
    5.00
    Apples (1kg) 2.00 $ 1.50
    2.00
    Oranges (1kg) 2.00 $ 1.25
    2.00
    Tomato (1kg) 1.00 $ 0.80
    1.00
    Potato (1kg) 1.00 $ 0.90
    1.00
    Lettuce (1 head) 1.00 $ 1.00
    1.25


    Last update : May, 2013
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    Money needed for food (2000 calories, balanced)

    Post  Seck on Tue 14 May 2013, 17:45

    Milk (regular), 0.25 liter 0.31 $
    Loaf of Fresh White Bread (130.00 g) 0.32 $
    Rice (0.13 kg) 0.22 $
    Eggs (3.60) 0.67 $
    Local Cheese (0.15 kg) 0.75 $
    Chicken Breasts (Boneless, Skinless), (0.25 kg) 1.25 $
    Apples (0.34 kg) 0.68 $
    Oranges (0.34 kg) 0.68 $
    Tomato (0.21 kg) 0.21 $
    Potato (0.25 kg) 0.25 $
    Lettuce (0.15 head) 0.15 $
    Daily money neccessary for food per person 5.50 $
    Monthly money neccessary for food per person
    (assuming 31 day per month) 170.61 $
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    Balance of Payments/Exchange Rates

    Post  Seck on Tue 14 May 2013, 19:48

    The Balance of Payments (BoP) is an account of all transactions between one country and all other countries—transactions that are measured in terms of receipts and payments. From the US perspective, a receipt represents any dollars flowing into the country or any transaction that require the exchange of foreign currency into dollars. A payment represents dollars flowing out of the country or any transaction that requires the conversion of dollars into some other currency. The CBI Department of Research and Statistics provided statistics on Iraq’s Balance of Payments, which are summarized (Figures 14 and 15).

    Exchange rates are important during these transactions because they represent the linkage between one country and its partners in the global economy. Exchange rates affect the relative price of goods being traded (exports and imports), the valuation of assets, and the yield on those assets. The CBI pegged its official rate between $3 to 3.38 per dinar in the 1970s. The last official exchange rate of $3.11 per dinar was set in 1982. During the 1970s the official and market rates generally corresponded and by 1980 the country had $35 billion in foreign exchange reserves. Because of the war with Iran that figure had fallen to $2 billion by 1987. The currency depreciated rapidly in the unofficial market during the Iraq-Iran war and after the first Gulf War the pace of depreciation increased further. During 1997 to 2003, the exchange rate fluctuated between 1500 -2000ID per $1 and was fairly steady at about 1950 ID to $1 in recent years. Although the Regime did not alter the official exchange rate after 1983, it acknowledged the rate differential in 1999 by allowing state run banks to exchange hard currency at the rate of 2000 ID to $1.According to the statistical bulletin published by CBI (Figure 16) the numbers projected by sources in the US are consistent, with numbers reported internally. It is important to note that the validity and reliability of the data provided by CBI has not yet been evaluated.

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    Re: Food Prices in Iraq

    Post  sandyf on Wed 15 May 2013, 09:11

    As a comparison the prices are a bit less than here in Thailand.

    eg Milk is $1.50 for 600ml, Size 1 eggs are about $4 for 10 and most meat is $5 to $6 Kg.

    The government has just imposed a minimum wage of 300 baht/day($10) which has pushed hotel prices up as most were earning much less than that.

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    Re: Food Prices in Iraq

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      Current date/time is Sat 23 Sep 2017, 10:31