Nearly 70–80% of all currency is hoarded, stowed, or kept outside of banks, according to the article “THE US TREASURY IS TRACKING $300 BILLION OUTSIDE THE IRAQI BANKING SYSTEM.” The US Treasury is currently assisting in locating this money. Keep in mind that this 80% includes the hard cash we own. They will also need to come pick it up from us. Article: “Some resort to converting dinars into foreign currencies, most notably the dollar, which puts undue pressure on demand and leads to higher exchange rates in the parallel market.”
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