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Iraq - Sanctions Devastate The Economy

(14 Mar 1995) T/I: 10:14:49 UN sanctions imposed on Iraq after its 1990 invasion of Kuwait have already had a devastating effect on the country. The sanctions which prohibit Iraq from exporting oil, its economic mainstay, until it has complied with UN cease-fire resolutions have led to skyrocketing prices and the collapse of the Iraqi currency. Many Iraqis are selling basic possessions to buy food. SHOWS: BAGHDAD, IRAQ, 12/3 arabs at bus shelter in street cars in busy baghdad street street vendors bathroom parts and sink in market bicycle for sale truck drives off cabinet and blankets for sale street traders looking at goods voxpop man saying he needs to buy food for his family market trader with money on back of truck car arriving with wardrobes etc vox pop man saying he will sell anything to make money for food i sell my refrigerator anything that i don't need child sitting by side of road 2.10 Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...