Dollar transfers via money exchanges take longer than before – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Dollar transfers via money exchanges take longer than before – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

After the exchange company checked with the local intermediary bank in the respective countries to check on the delay its payments, the response was change in the procedures by one of the world's largest correspondent banks, regarding the timing of its implementation of international payments transferred through it.. According to the sources, the correspondent bank said what delayed the completion of the dollar transfers as reported by local exchange companies that the new instructions come with diligent procedures globally to absorb liquidity risks, especially those that move internationally through exchange companies, unlike banks that have broader and more accurate care directives about the data of the remitter.. Exchange firms fear that they will be subject to prosecution by their angry clients, and they are preparing to face another challenge..