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Podcast: My FX Buddies
Episode: Iraq’s Banks Run Out of Cash – Salary Crisis Deepens
Description: Iraq is facing a serious financial shock as reports reveal that link to My FX Buddies Blog major government banks are running dangerously low on liquidity. According to informed sources, the government was forced to withdraw tens of trillions of dinars and billions of dollars from multiple banks just to cover salaries in recent months.Now, concerns are growing that employee and retiree salaries may soon be delayed if urgent financial reforms are not implemented. Mismanagement, waste of public funds, and poor planning are being cited as key factors behind the deepening crisis.<...