A banking source told our source that the Central Bank’s move to activate dollar transfers between customers’ bank accounts through the instant payment system will facilitate the flow of funds between accounts. It will enable the transfer of foreign currency between individuals and companies for all purposes, including the purchase of goods and services, as well as for external transfers in line with applicable regulations.
The source explained that this means Governor Naji Issa is aiming to make the US dollar a medium of exchange and payment through electronic payment systems.
