Digital Currency in Iraq: Crisis of Confidence.. The Biggest Obstacle
Digital Currency in Iraq: Crisis of Confidence.. The Biggest Obstaclelink to My FX Buddies Blog
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In 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…
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