Study reveals a high percentage of the money transferred by merchants to Arab banks
In Babylon study reveals a high percentage of the money transferred by merchants to Arab banks to maintain
Published 27/08/2013 09:54 AM
A study published by the Babylon Centre for Human Rights and Urban Development for increasing the transfer of funds by the traders in the province to neighboring Arab countries due to the declining security situation in Iraq.
Said Reza Azzawi, director of the center that among every ten dealers, four of them moving about seventy percent of their liquidity cash foreign currency to banks and Arab banks in neighboring countries because of the difficulty of trade within Iraq.
said al-Azzawi that Jordan was in the forefront of countries that have been moved her money then Egypt and Lebanon.