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Deputy: 35 trillion dinars are stored with the people who refuse to deposit them in banks


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The information / Baghdad ..

The deputy of the Saeron Alliance, Riyad Al-Masoudi, confirmed, on Tuesday, that the Iraqis are refraining from keeping their money or depositing it in banks for many reasons, noting that more than 35 trillion Iraqi dinars stored with the people refuse to deposit them in banks.

Al-Masoudi said in a statement to / information /, that "the Iraqi government is facing great challenges in providing Iraqi cash to meet the requirements of employees salaries and operating expenses."

He added, "The previous and current successive Iraqi governments have not succeeded in activating the banking system, as well as the Iraqi citizen's lack of confidence in banking governance."

Al-Masoudi explained, "The failure of the governments over 17 years has led to 35 trillion Iraqi dinars and more being stored in homes instead of depositing them in banks." Ended / 25 h

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35 trillion IQD represents 85% of their monetary mass.


"the Iraqi government is facing great challenges in providing Iraqi cash to meet the requirements of employees salaries and operating expenses."

 

They have a liquidity problem.!
 

Let’s see what the CBI will do about it.

 

Go RV

Go Open market economy 

Go purchasing power 

 

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The majority of Iraq’s currency is held outside Iraq. Most Iraqis use the dollar over the Dinar. When they talk about 35 trillion they must be talking about what is being held outside Iraq. My dad works in Basra it’s very hard to get Iraqi dinars 

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