Iraqi Markets a Haven for Pedlars Escaping Iran's Economic Woes

An Iranian woman sells okra at the old market in Iraq's southern city of Basra. Hussein FALEH / AFP
An Iranian woman sells okra at the old market in Iraq's southern city of Basra. Hussein FALEH / AFP
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Iraqi Markets a Haven for Pedlars Escaping Iran's Economic Woes

An Iranian woman sells okra at the old market in Iraq's southern city of Basra. Hussein FALEH / AFP
An Iranian woman sells okra at the old market in Iraq's southern city of Basra. Hussein FALEH / AFP

Every Friday, Alawi crosses the border from Iran into Iraq to sell his produce in the markets of Basra, which serve as a haven for Iranians grappling with economic sanctions.
He is just one of many Iranian pedlars who endure the arduous journey into southern Iraq through the Chalamja border crossing, AFP said.
They bring essential goods such as chicken, eggs, cooking oil and household items to sell at low prices, hoping for a profit that would be unimaginable back home due to sharp currency depreciation and soaring inflation.
"The situation is difficult due to the embargo," Alawi said, referring to Western sanctions against Iran.
Asking to withhold his surname for fear of repercussions back home, the 36-year-old said he had not given up easily on his country, and had tried to sell his produce in a market there.
"There were no customers, and the products would spoil, so we had to throw them away and end up losing" money, he told AFP.
Instead, for the past seven years, he has been travelling to Iraq where he sells okra in summer and dates in winter, earning between $30 and $50 a day –- much more than he could make at home.
"When we exchange Iraqi money" for Iranian rials, "it's a lot," the father of two said.
"We can spend it in five days or even a week," he added.
'A lifeline'
After a brief period of relief from sanctions in exchange for curbs on Iran's nuclear program, US President Donald Trump reimposed the biting measures during his first term in 2018.
Ever since, the value of the Iranian rial has plunged, fueling high inflation and unemployment.
Prices soared last month by more than 32 percent compared to March the previous year, according to official figures.
Trump announced this week that his administration would restart negotiations with Iran over its nuclear program, with talks to take place in Oman on Saturday.
Iranian Foreign Minister Abbas Araghchi has said his country's chief aim is for US sanctions to be lifted.
In the meantime, Basra's markets continue to bustle with Iranian vendors.
At the Friday market, bags of rice were stacked on plastic crates next to bottles of detergent.
While some vendors chatted with customers, others dozed off beside their shopping bags, rubbing off the weariness of a long journey.
Hayder al-Shakeri of the London-based Chatham House think-tank's Middle East and North Africa program said informal cross-border trade "has expanded significantly over the past decade as sanctions on Iran have increasingly impacted everyday life."
Basra's proximity to Iran's Khuzestan province, where many residents speak Arabic and share cultural values with Iraq, makes it a primary target for mostly working-class Iranian vendors, Shakeri said.
Among them are women and elderly men whose livelihoods have been severely impacted by inflation, he said, calling the cross-border trade "a vital lifeline".
"Earning in more stable currencies like the Iraqi dinar or even US dollars provides a financial buffer" against the devaluated rial, he added.
Better and cheaper
Iran wields considerable political influence in Iraq and is a major trade partner for the country, the second-largest importer of non-oil Iranian goods.
Trade between the two countries amounts to tens of billions of dollars.
Milad, 17, and his mother have been selling household essentials in Basra for the past two years. Fearing a worsening situation back home, they recently rented a small shop.
In Iran, "finding work is hard, and the currency is weak," said curly-haired Milad, who declined to give his last name, adding that his cousin has been looking for a job since he graduated.
Iraqi math professor Abu Ahmad, 55, strolls to the market every Friday, looking for fresh Iranian goods.
"Their geymar is better than ours," he said, referring to the cream Iraqis have with honey for breakfast.

It is also cheaper.

"They sell it for 12,000 dinars ($8)" compared to an Iraqi price of 16,000, he added.

Shakeri from Chatham House warned that local vendors "resent the competition", and Iraqi security forces sometimes remove Iranians, though they know they will eventually return.

Umm Mansur, a 47-year-old Iranian mother of five, has had a bitter experience since she joined other pedlars six months ago.

At the border, "they insult and mistreat us," she said.

Other pedlars have described similar experiences, saying they were held up for hours at the crossing.

Umm Mansur said she is willing to overlook the mistreatment to earn four times what she would at home.

"In Iran, there is no way to make a living," she said.



Syria to Start Currency Swap on January 1st, Central Bank Governor Says

Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo
Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo
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Syria to Start Currency Swap on January 1st, Central Bank Governor Says

Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo
Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo

Syria will start swapping old banknotes for new ones under a ​plan to replace Assad-era notes starting from January 1, 2026, Central Bank Governor Abdelkader Husrieh said on Thursday.

Husrieh announced the introduction of the new Syrian currency, saying the decree "sets January ‌1, 2026, ‌as the start date ‌for ⁠the ​exchange ‌process". Sources familiar with the matter told Reuters in August that the country will issue new banknotes, removing two zeros from its currency in an attempt to restore ⁠public confidence in the severely devalued pound.

The ‌step is intended ‍to strengthen ‍the Syrian pound after its purchasing ‍power collapsed to record lows following a 14-year conflict that ended with President Bashar al-Assad's ouster in December.

Husrieh ​said the operation will take place through a smooth and orderly ⁠swap - a move bankers hope will ease fears that the new currency could fuel inflation and further erode the purchasing power of Syrians already reeling from high prices.

He added that a press conference will soon outline the exact regulations and mechanisms.


Türkiye Begins Black Box Analysis of Jet Crash That Killed Libyan Military Chief and 7 Others

Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)
Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)
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Türkiye Begins Black Box Analysis of Jet Crash That Killed Libyan Military Chief and 7 Others

Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)
Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)

The technical analysis of the recovered black boxes from a jet crash that killed eight people, including western Libya’s military chief, began as the investigation proceeded in cooperation with Libyan authorities, the Turkish Ministry of Defense said Thursday.

The private jet with Gen. Muhammad Ali Ahmad al-Haddad, four other military officials and three crew members crashed on Tuesday after taking off from Türkiye’s capital, Ankara, killing everyone on board. Libyan officials said the cause of the crash was a technical malfunction on the plane.

The high-level Libyan delegation was on its way back to Tripoli after holding defense talks in Ankara aimed at boosting military cooperation between the two countries.

The wreckage was scattered across an area covering 3 square kilometers (more than a square mile), complicating recovery efforts, according to the Turkish Interior Minister Ali Yerlikaya.

A 22-person delegation, including five family members, arrived from Libya early on Wednesday to assist in the investigation.


Lebanese President: We are Determined to Hold Parliamentary Elections on Time

President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)
President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)
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Lebanese President: We are Determined to Hold Parliamentary Elections on Time

President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)
President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)

Lebanese President Joseph Aoun reiterated on Thursday that the country’s parliamentary elections are a constitutional obligation that must be carried out on time.

Lebanon’s state-run National News Agency quoted Aoun as saying that he, alongside Prime Minister Nawaf Salam and Parliament Speaker Nabih Berri, is determined to hold the elections on schedule.

Aoun also emphasized that diplomatic efforts have continued unabated to keep the specter of war at bay, noting that "things are heading in a positive direction".

The agency also cited Berri reaffirming that the elections will take place as planned, with "no delays, no extensions".

The Lebanese parliamentary elections are scheduled for May next year.