“The dollar is out of control.” What will happen in the banks of Iraq on Sunday?

     

The spark started from Reuters

 17:28

964

Despite repeated denials and official reassurances, an informed banking source in Baghdad expected that next Sunday would be an “extraordinary day” in all Iraqi banks, and may witness unprecedented overcrowding and crowding on the windows of cash withdrawal, after an exciting statement by an official from the Central Bank and Reuters, that the withdrawal of the dollar in cash will stop as of the beginning of next year, in an effort by the government to limit transactions to the dollar to the maximum extent, coinciding with almost a year since the US militancy began to transfer money to Iraq.

The banking source in an interview with the 964 network:

The statement of the central bank’s remittance official, led to a crisis within the bank, and we expect this will affect the customers of the banks.

I expect that customers will come on Sunday morning to the banks to withdraw their dollars, because things have come out of control, especially since the Treasury and the US Federal Office do not agree to deliver the dollar in cash to Iraq since last February

The most affected will be those who rely on periodic external transfers received through Iraqi banks, such as salaries, rents or others, and they prefer to look for other banks outside Iraq to receive their money.

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