Traders in Dubai are owed more than Dh1 billion (US$272.2 million) as the slide in Iran's currency means buyers from the country are unable to pay for goods.
Under pressure from global sanctions, the Iranian rial has fallen by about half against the dirham in black-market trading in the past four months. The depreciation is pushing up the cost of goods flowing from the Emirates to Iran.
Many exports work on a credit agreement, so shipments are dispatched with the buyer promising to pay on an agreed date in the months ahead.
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