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Iraq’s banking system is facing a deep credibility crisis. link to My FX Buddies Blog
Major state-owned banks like Rafidain are halting loans, reverting to paper-based systems, and sidelining automation — a major step backward for a country striving toward financial reform and digital transformation. Financial experts warn that without modernization, transparency, and electronic integration, Iraqi banks risk becoming obsolete — “piggy banks without trust.”
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This video explores: Why loans and advances have been suspended The impact of favoritism and manual systems The Central Bank’s stalled automation plans How Iraq compares globally in the S&P Banking Risk Index The urgent reforms needed to restore trust and progress 🎧 Listen as we break down what’s behind this financial freeze — and why it matters for Iraq’s future. 🔥 Stop the Burn: 7 Days to Calm Inflammation Heal Naturally. Feel Alive Again. Tired of swelling, stiffness, and fatigue? In just 7 days, learn how to reduce inflammation, restore balance, and reignite your energy — naturally.👉 Start your 7-day reset today! https://buymeacoffee.com/tishwash/e/4...