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."

GOLDILOCKS: Banks Ready for Upcoming Currency Swaps – All Tests Finished ‪@DINARREVALUATION‬ #Iraq

Read also: Q & A WITH GINGER ABOUT HOW PEOPLE WILL RECEIVE NOTIFICATIONS AND THE PROCESS IN THE REDEMPTION CENTERS