Notas del episodio
Digital Currency in Iraq: Crisis of Confidence.. The Biggest Obstacle
link to My FX Buddies Blog https://www.myfxbuddies.com/2025/03/digital-currency-in-iraq-crisis-of.html
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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 financial crises, administrative corruption, and weak banking services. Can such a step succeed in an environment that is ranked among the highest in the world in cash circulation outside the banking sector?