Union proposal to create a platform to finance small traders in dollars.

The General Syndicate for Exchange and Mediation has revealed a proposal to establish a platform for financing small traders, aiming to reduce their reliance on the parallel market for obtaining dollars, as part of efforts to support exchange rate stability.

The head of the syndicate, Diaa Al-Taie, said in a press statement that I reviewed for "Video News Agency," that this category's transactions in the parallel market amount to about 36 billion dollars annually, noting that the proposal includes providing a financing mechanism through a special platform, and is still awaiting approval from the Central Bank of Iraq and the government.

Al-Taie added that the syndicate expects the implementation of the proposal to help lower the dollar exchange rate to less than 1600 dinars, and intends to submit its final formulation to the Prime Minister's Office and the Central Bank for consideration.