War dries up unofficial dollar inflows

The prolonged Gulf war has led to a significant drop in unofficial foreign exchange inflows through informal channels like hundi and hawala, severely impacting small exporters and manufacturers. With Dubai's informal trading business disrupted, billions diverted to crypto investments are further draining the local market. This shift not only hampers the economy but also raises concerns about the future of small businesses reliant on these informal channels, signaling broader economic challenges ahead.