MNT GOAT
"FOUNDATION WARNS OF 'PARALLEL BANKING SYSTEM' AND 'SHADOW ECONOMY' IN IRAQ"
"The Iraqi economist Al-Mustagbal warned, on Saturday, of the danger of the parallel banking system, which constitutes about 84% of the "informal" economy in the country,
considering this system to "limit the ability of official bodies to monitor the movement of funds." - the parallel banking system stands out as one of the major challenges that directly affects the stability of the
financial system." "It was pointed out that "to deal with this situation, it is necessary to adopt firm solutions aimed at closing the gap between the two systems," indicating that "this
can be achieved by:.... Let's take a look at this situation today in much more detail and see what solutions they
are telling us they have in mind to finally solve this crisis and close this gap.
Their words not mine.....
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