Iraq: Salaries Cutoff Causes Low Demand in Iraqi Markets Ahead of Ramadan

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Amid economic meltdown and stagnant markets, Iraqi citizens receive Ramadan holy month, not to mention that salary cutoff has been the norm for the last 4 months. Merchants complain about the economic disastrous status quo as markets are empty. Reber Mohammed, a grocery shop owner, pointed out that sales during Ramadan used to surge by 30 to 50% in comparison to other months. This year, Ramadan is marked with a poor purchasing power that dwindled by 50%. He added that citizens are no longer purchasing many food items such as dates, and juices as they only buy the most basic food necessities

 

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