“Now, due to the rise of the greenback and the pensions individuals aren’t receiving, there are two courses of individuals,” says Saad Salman, the proprietor of a Baghdad candy store. “A poor class and a wealthy class.”
With the gold domes of the famed Kadhimiya shrine as a backdrop, close by streets full of outlets, markets and tea-sellers in Baghdad look bustling and vibrant, even at night time. Tempting home windows show sparkly garments and cascades of sweet in rainbow colours.
However shopkeepers say nobody has been shopping for a lot since Iraq devalued its dinar in opposition to the greenback final yr.
“Concerning the financial scenario and the rise of the greenback — it destroyed the individuals,” says Saad Salman, the proprietor of one of many candy outlets. “Buying energy has fallen. Somebody who used to purchase a kilogram, now they purchase half a kilogram, you understand?”