Iraq – Iranian carpets are left in stocks due to the financial crisis

Erbil – Iraq 07/12/2020

The financial crises in Kurdistan, Iraq, have resulted in stagnation in the Iranian carpet business. According to the merchant of Erbil, at this time of the year, especially when temperature decreases and winter arrives, people tend to buy charming and stylish Iranian carpets, however; due to the negative impact of Covid and financial crises this year, Carpets’ markets have incurred losses because of the decline in the demand despite its low price as the Iranian toman has declined to create huge losses