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Daily News Advisory

Iraq's new threat: Calamity from falling oil prices

Posted by Henry Peirse on February 1, 2016 at 4:55 AM

GRNlive correspondents are in Baghdad

NYT via Economic Times: Iraqis seeking to withdraw money from banks are told there is not enough cash. Hospitals in Baghdad are falling back to the deprivation of the 1990s sanctions era, resterilizing, over and over, needles and other medical products meant for one-time use. In the autonomous Kurdish region in the north, the economic crisis is even worse: government workers — and the peshmerga fighters who are battling the Islamic State — have not been paid in months. Already, there have been strikes and protests that have turned violent.

Categories: World News