dijlahpoint - A number of traders launched urgent appeals to the Central Bank of Iraq for immediate intervention to address the crisis of delayed external financial transfers, warning of the negative repercussions of these continued obstacles on financial stability and rising exchange rates in the parallel market.
Traders pointed out that some external remittances have exceeded the usual delay period without completion by the concerned banks, forcing them to resort to alternative channels to cover their commercial commitments and avoid freezing their funds for long periods.
They stated that this sluggishness directly reflected on local market transactions, causing the exchange rate of the dollar to exceed the barrier of 169 thousand dinars per one hundred dollars, amid demands to establish radical solutions ensuring the smooth flow of banking operations.
