Central Bank’s $15T Challenge: Get Iraq’s Money 🔒Out of Mattresses
Iraq’s money is staying in the shadows — and it’s costing the economy.
link to My FX Buddies According to the Central Bank of Iraq, 80% of Iraqi cash is kept in households rather than in banks — a sign of deep public distrust in the financial system.
In this episode, we’ll explore:
Why more than 15 trillion dinars remain hidden in homes
How this phenomenon hurts economic activity and cash flow
The Central Bank’s 2025 reform plan to modernize the banking sector
What it will take to convince citizens to put their money in banks
The connection between cash hoarding, inflation, and Iraq’s stalled…
The skinny
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