Sunday, May 25, 2025

NADER FROM THE MID EAST: ABOUT THE DISTRUST IN FINANCIAL INSTITUTIONS IN IRAQ

 Nader From The Mid East  

Article: "Nearly 90% of Iraq's money supply is held outside the formal banking sector, largely hoarded in homes...

The vast 'leakage' of cash poses a serious challenge to the country's financial stability and long-term economic growth...

Saleh...stated the hoarding of cash...has reached critical levels...91-92 trillion dinars are currently outside the banking system...

driven by public distrust in financial institutions."

๐Ÿ’ฐ๐Ÿ‡ฎ๐Ÿ‡ถ IRAQ'S DIGITAL FINANCIAL TRANSFORMATION GAINS MOMENTUM

 ๐Ÿ’ฐ๐Ÿ‡ฎ๐Ÿ‡ถ  IRAQ'S DIGITAL FINANCIAL TRANSFORMATION GAINS MOMENTUM Iraq's Deputy Minister of Finance, Ali Karim, met with a World Bank ...