8 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Swift transfers arrive in local banks
The dispatch of foreign letter of credit guarantees to private banks in Iraq has been completed, but the banks continue to refrain from releasing them to merchants and importers due to uncertainty about the official exchange rate. The banks attribute this to a lack of clarity regarding the final pricing set by the Central Bank for calculating the dollar rate, which ranges between 132,000 and 152,000 dinars per 100 dollars, despite the bank indicating that the previous exchange rate was used for amounts deposited before the change. This has coincided with a notable rise in dollar prices in the parallel market.
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