太原最好的白癜风医院 https://m-mip.39.net/baidianfeng/mipso_4317331.htmlIraq,StrugglingtoPayDebtsandSalaries,PlungesIntoEconomicCrisis
Oil-richIraq,itseconomyhobbledbyneglectandcorruption,hasdevalueditscurrencyandhaditsimportedelectricitycutofffornonpayment.
ByJaneArraf
Jan.4,
BAGHDAD—InthewholesalemarketofJamila,nearBaghdad’ssprawlingSadrCityneighborhood,amerchant,Hassanal-Mozani,wassurroundedbytoweringpilesofunsold-poundsacksofflour.
“NormallyataminimumIwouldsellto1,tonsamonth,”hesaid.“Butsincethecrisisstartedwehaveonlysoldtotons.”
Histroublesareaground-levelindicatorofwhateconomistssayisthebiggestfinancialthreattoIraqsinceSaddamHussein’stime.Iraqisrunningoutofmoneytopayitsbills.Thathascreatedafinancialcrisiswiththepotentialtodestabilizethegovernment—whichwasoustedayearagoaftermassprotestsovercorruptionandunemployment—touchofffightingamongarmedgroups,andempowerIraq’sneighborandlongtimerival,Iran.
IraninthepasthastakentheopportunityposedbyaweakIraqicentralgovernmenttostrengthenitspoliticalpowerandtheroleofitsparamilitarieswithinIraq.
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Withitseconomyhammeredbythepandemicandplungingoilandgasprices,whichaccountfor90percentofgovernmentrevenue,Iraqwasunabletopaygovernmentworkersformonthsatatimelastyear.
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Lastmonth,Iraqdevalueditscurrency,thedinar,forthefirsttimeindecades,immediatelyraisingpricesonalmosteverythinginacountrythatreliesheavilyonimports.Andlastweek,IrancutIraq’ssupplyofelectricityandnaturalgas,citingnonpayment,leavinglargepartsofthecountryinthedarkforhoursaday.
“Ithinkit’sdire,”saidAhmedTabaqchali,aninvestmentbankerandseniorfellowattheIraq-basedInstituteofRegionalandInternationalStudies.“ExpendituresarewayaboveIraq’sin
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