Trade Bank of Iraq provides $5m to fight coronavirus spread – The National

Trade Bank of Iraq provides $5m to fight coronavirus spread – The National

Trade Bank of Iraq provides $5m to fight coronavirus spread. State-backed Trade Bank of Iraq (TBI) will provide $5 million (Dh18.3m) in funding to support the Iraqi Ministry of Health's efforts to curb the spread of the coronavirus in the country.. The fund will help the ministry acquire appropriate resources needed to detect the virus early and put "effective quarantine efforts" in place.. The bank, which is the country's largest trade finance institution, was established in July 2003 with the aim of helping the reconstruction of Iraq by facilitating international trade after the end of the United Nations' oil-for-food programme.. Coronavirus cases in Iraq have been steadily on the rise, with at least 110 cases of infections and 10 deaths so far.. The government enforced a curfew in Baghdad from this week while flights from the city will be suspended from today to March 24 to curb the spread of the coronavirus.. The majority of infections in Iraq have spread from neighbouring Iran - the most affected country after China, where the virus first originated, and Italy.. Last week, Iraq also temporarily suspended trade on its border crossings with Iran and Kuwait in a bid to curb the spread of