Anger is rising across Iraq as merchants protest new taxes ⁠link to My FX Buddies Blog⁠ and higher customs tariffs, warning that the measures are crippling businesses and squeezing purchasing power. In this video, we break down what’s happening on the Iraqi ground, why traders are cancelling orders, and why prices are starting to feel heavier for everyday Iraqis. We also explain why the government chose this moment to tighten fiscal policy — amid falling oil prices, rising public spending, and pressure to reduce the budget deficit.

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