From Cash Chaos to Digital Future! Iraq’s Banking Revolution:
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From Cash Chaos to Digital Future! Iraq’s Banking Revolution:
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Iraq faces a mounting financial bottleneck as pensioner
link to My FX Buddies Blog
salaries are delayed and fears grow that all government employees could soon be impacted. Despite official denials, liquidity issues in state coffers are becoming more visible.
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Economist Nabil Al-Marsoumi has proposed a direct solution: resume stalled oil exports through the Kurdistan Region and Turkey’s Ceyhan pipeline. With Iraq already at near-maximum export capacity of 3.5 million barrels per day, adding half a million barrels from the north could bring in the much-needed revenue to ease the crisis. But negotiations between Baghdad, Erbil, and Ankara remain complicated. After more than two years of halted exports—and over $20 billion in losses—will Iraq finally act to overcome its financial bottlenecks?
👉 In this episode, we break down the numbers, the stakes, and the possible outcomes for Iraq’s economy.