• IRAQ

  • Thursday, September 7, 2023 at 6:58:46 PM

Iraqi Employees Criticize Decision to Ban Salaries and Transfer Payments in USD

Iraqis are expressing their dissatisfaction with the Iraqi Central Bank’s decision banning banks from paying salaries or issuing transfers in US dollars since the beginning of September. The Central Bank’s decision obliges banks to issue salary and foreign transfer payments in Iraqi dinars, at an exchange rate that is way below its equivalent in the parallel market. The decision similarly limits A...