Iraqi traders: Our losses are huge.. What does the toman have to do with it?
- Author
- Tish Washington
- Published
- Mon 03 Feb 2025
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/Iraqi-traders-Our-losses-are-huge---What-does-the-toman-have-to-do-with-it-e2ub3nd
Iraqi traders: Our losses are huge.. What does the toman have to do with it?
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The Iranian Toman currency witnessed a new deterioration after it collapsed under the weight of American sanctions and political and economic crises in Tehran, which burdens traders and those dealing with it, turning profits into concerns, and warnings into a bitter reality.A toman dealer named Dalir Hussein said, “The continuous decline in the value of the currency…IranianIt has greatly harmed traders and speculators in this currency,” he said, noting that “some people’s losses have exceeded $40,000 in a matter of weeks.” Hussein added, "The exchange market in Sulaymaniyah is one of the largest outlets for buying and selling Iranian tomans in Iraq." And imposeUSFor decades, economic, trade and military sanctions have been imposed againstIranBecause of its nuclear program, support for terrorist groups, and human rights violations.
