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Podcast: My FX Buddies
Episode: 100 TRILLION DINARS Hidden in Homes? Iraq’s Banking Crisis Explained
Description: Iraq’s banking system is under the spotlight again after link to My FX Buddies Blogreports that 100 trillion Iraqi dinars are being held outside the banking system — mostly inside homes.New reports reveal that withdrawal restrictions at major state banks like Rafidain and Rasheed have shaken public confidence, causing many Iraqis to avoid depositing their money in banks.If you'd like to Support the channel: https://cash.app/$tishwash.... https://paypal.me/tishwash.... a FREE transcript at: https://rss.com/podcasts/myfxbuddies..Economic experts warn this trend could create a dangerous “cash economy” that weakens lending, slows development, and reduces financial transparency.At the same time, the Central Bank of Iraq held an emergency session to reassure the public and financial markets that the banking system remains stable and capable of managing liquidity.In this video we break d...