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."

πŸ›’️➡️🌍 Iraq Is Entering a Post-Oil Dependency Era!!

πŸ›’️➡️🌍  Is Iraq Entering a Post-Oil Dependency Era? πŸ“ˆ Every time I read Iraq's economic news, I see a trend that I believe is far more...