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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    HOW DID IRAQIS BENEFIT FROM US SANCTIONS AGAINST IRAN?

    Rocky
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    HOW DID IRAQIS BENEFIT FROM US SANCTIONS AGAINST IRAN? Empty HOW DID IRAQIS BENEFIT FROM US SANCTIONS AGAINST IRAN?

    Post by Rocky Sat 01 Sep 2018, 8:32 am

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    The first package of US sanctions on Iran entered into force on August 7, 2018. With the implementation of these sanctions, the report raises the question: "How do Iraqis benefit from US sanctions on Iran?"

    US sanctions and the collapse of the Iranian currency

    With the start of the first package of sanctions, the Iranian currency witnessed a sharp decline in its market value. The Iranian riyal continued its decline against the dollar and lost 20% of its value within days. Since the beginning of the year, the riyal has lost about two thirds of its value. Thousand riyals, while the exchange rate of the dollar on 1 January (2018) to 42.900 Iranian riyals.
    This decline in the value of the Iranian riyal has made the prices of goods in the Iranian market very cheap compared to the neighboring countries, including Iraq. In this regard, the Iraqi markets in the central and southern governorates of Iraq are slowing down and economic stagnation due to the US sanctions on Tehran and the devaluation of the Iranian currency The value of 10 riyals has been adopted by the Iranian government official currency substitute for the riyal recently, canceling zero one of the currency value). Many residents of central and southern provinces go to Iran's border shopping cities, benefiting from exchange rate differences between the dollar and the Iranian riyal, thereby benefiting from the low prices of Iranian goods.
    The story of the economic recession in the provinces bordering Iran because of the low value of the Iranian Toman, and indicates that many citizens of the provinces of Basra and Wasit and Maysan are shopping from the Iranian border cities instead of local markets benefiting from the price difference, According to him.

    At half price, Iraqis are being sucked from inside Iran

    The Iraqis' approach to shopping from the inside of Iran had repercussions on the economic movement inside Iraq, but at the same time saved many Iraqis the expenses they spent on home and food shopping.
    Sadiq al-Moussawi, a citizen of Maysan province, talks about how to shop inside Iran. "Every week we travel to the Iranian border cities. The travel and travel arrangements between the two countries are smooth, go shopping and shop for food and household items. Food in Iraq for a month, while in Iraq, the $ 100 is not enough for two weeks. "
    Although shopping for Iraqis from Iran has had a negative effect on local Iraqi products, especially dairy products and locally manufactured foodstuffs, consumers are thinking of their interests first, said Abdul-Karim al-Shuwaili, owner of Basra-based Al-Barq Trading Co., based in Basra. He said that unless the customs authorities in Iraq take strict customs procedures towards the shopping of Iraqi families from the inside of Iran, many commercial agencies will be forced to close its doors after months, indicating that this will lose a lot of workers for their jobs, which will negatively affect the rates of Unemployment in the country's already high, Conceived.

    Iraq stops importing Iranian cars

    US sanctions on Iran include the Iranian auto industry as well. After the sanctions, the Iraqi government stopped importing Iranian cars. "Iraq will comply with US sanctions against Iran and take a decision to stop importing Iranian cars," a local official was quoted as saying.
    In this regard, says Mohammed Najib, who works in the field of importing cars, that the suspension of the import of Iranian cars will directly affect the General Directorate of the automotive industry in Iraq, one of which is the collection of Iranian cars, which will lead to the loss of some workers for their jobs, Najib, the ban on the import of Iranian cars will positively affect the safety of drivers, noting that Iranian cars lack the simplest safety factors in place globally, causing injury to dozens of Iraqis.
    Najib also pointed out that most of the Iranian cars sold in Iraq are of the type "Saipa" and "Tiba", which is expensive compared to the quality, the price is close to the price of Chinese cars of higher quality and some small Korean cars, indicating that the price of a car Saiba is about 10 Thousands of dollars, which is very high compared to the quality and safety factors, according to him.

    Iraq's tourism boom in Iran after the collapse of the Toman

    The past few weeks have witnessed the recovery of tourism in Iran. Iranian cities are the preferred destination for a large number of Iraqi tourists, benefiting from the low exchange rate of the Toman, which has encouraged the growing demand for tourists.
    The local council of the city of Badra in the province of Wasit, adjacent to Iran, has announced the departure of about 10 thousand Iraqis a day to Iran through the port of Zurbatip for the month of Ramadan in Iran, and the Council stressed that the management of the border port operates around the clock to facilitate the travel procedures of Iraqis, noting that the majority Of families and young people. Many travelers had previously been called upon to cancel the visa to facilitate travel between the two countries. Finished / Kh.
    Source: Post politicians

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