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Cumin: coronavirus disrupts export activities

March 10, 2020 1:52 PM, Der AUDITOR
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KERMAN. As the coronavirus death toll rises and neighbouring states have closed their borders with Iran trading and exporting has been largely disrupted in the cumin market. The spread of the coronavirus is, however, not the only problem the market is confronted with.

FATF blacklisting has enormous impact

The Financial Action Task Force blacklisted Iran on 23 February, after the country failed to meet requirements. This means that the country has no access to the global financial system as any state having any financial or commercial transactions with Iran will be penalised. Although medicine and agricultural products are excluded from the blacklist and the US sanctions have already rendered financial transactions difficult, market players state that the measures will, nevertheless, pose a major problem. Concerns are being voiced

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