Iran sanctions: Iraqi merchants fear unknown future

New sanctions on Iran are complicating across the border in Iraq.

by

    The Central Bank of Iraq has prohibited all Iraqi banks from conducting business with Iran in US dollars.

    Iraq shares a 1,500km border with Iran; goods and people cross daily.

    Iran is Iraq’s second-largest trading partner, exporting everything from fruits and vegetables to fuel and home furnishings.

    For a decade, Iran has also provided electricity Iraqi border towns.

    Merchants are unsure how to conduct business in the unpredictable climate caused by the new US sanctions and with no guidance coming from their government, they no idea what will happen next.

    Al Jazeera's Natasha Ghoneim reports from the border district of Penjwen in Iraq.


    YOU MIGHT ALSO LIKE

    How different voting systems work around the world

    How different voting systems work around the world

    Nearly two billion voters in 52 countries around the world will head to the polls this year to elect their leaders.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    The great plunder: Nepal's stolen treasures

    The great plunder: Nepal's stolen treasures

    How the art world's hunger for ancient artefacts is destroying a centuries-old culture. A journey across the Himalayas.