Without authority over the banknotes, the Central Bank of Iraq is unable to manage the country’s economy.So far, the Iraqi people have refused to deposit their money in banks.Currency over which it has no authority cannot be managed by the Central Bank of Iraq.Because their money vanished and they haven’t recovered, the Iraqis don’t trust the banks. If it were to happen to you, I doubt you would either. As a result, they hoarded and concealed their wealth outside of the financial system.
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