August 5, 2020

Not cashing in: virus hits Iraq’s Iran-US money trade

Sulaimaniyah (Iraq) (AFP) – In Iraq’s Kurdistan region and at the country’s Muslim Shiite holy sites, trading US dollars for rials from Iran was once big business.But the money exchange trade has been hard hit by lockdown restrictions to stop the spread of COVID-19, and by deep economic woes in both countries.Traders in Sulaimaniyah, the second city of Iraqi Kurdistan and close to the border with Iran, have seen dramatic changes.In March, before restrictions to stem the pandemic which has killed more than 5,000 Iraqis and infected more than 130,000 others, one dollar traded for 150,000 Iranian…


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