Sunday, August 24, 2025

🏦 “Billions Kept at Home: Iraq’s Banking Confidence Crisis” πŸ’Έ

 πŸ¦ “Billions Kept at Home: Iraq’s Banking Confidence Crisis” πŸ’Έ

πŸ—“️ Al Furat News – August 23, 2025


πŸ” Key Highlights:

πŸ’° 80% of Iraqis Keep Cash at Home
Economic expert Nabil Al-Marsoumi reveals that up to 80% of the nation’s liquid money never enters the banking system — it stays in homes and private vaults.

😟 Why? A Crisis of Confidence

  • Recent failures of 10 banks to return citizens' deposits

  • Previous incidents created a pattern of mistrust

  • Citizens fear they may never see their money again

πŸ“‘  Banking Red Tape Making Things Worse

  • Banks delay full withdrawals, forcing partial payments

  • Clients face bureaucratic obstacles

  • Merchants and contractors avoid depositing due to these hassles

🀝 Call for Urgent Reform
Al-Marsoumi warns that unless banks improve public interaction and simplify procedures, the financial system will remain undermined by distrust Confirmed on Live TV – Announced Exchange Rate: $6.02! – Take Advantage!πŸ”Š.


⚠️ Why It Matters for RV Watchers:

✔️ Confidence drives currency strength.
✔️ A weak banking system = barrier to revaluation rollout.
✔️ Iraq must restore trust to integrate more cash into formal systems and support IQD internationalization.

This isn’t just about economics — it’s about public belief in the system.


πŸ”— For Daily RV Intel & Faith-Based Updates

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FRANK26….12-17-25……AGAINST THE LAW

Read also: πŸ’° “Zim Cap Bond Payouts: Private Appointments & Project Plans Update”