Want to create an interactive transcript for this episode?
Podcast: My FX Buddies
Episode: Digital Currency in Iraq: Crisis of Confidence.. The Biggest Obstacle
Description: Digital Currency in Iraq: Crisis of Confidence.. The Biggest Obstaclelink to My FX Buddies BlogIf you 'd like to support My FX Buddies: https://buymeacoffee.com/tishwashIn a very distinctive step aimed at modernizing the financial system, Baghdad is exploring the possibility of issuing a national digital currency, in an effort to reduce reliance on paper money and enhance financial inclusion. However, despite the promising prospects of this step, the project faces a fundamental challenge represented by the lack of confidence of citizens in Iraqi banks, as a result of the accumulation of financial cris...