Article: “The Iraqi Central Bank issues a warning to banks regarding dollar deposits.” A fresh edict from the central bank…Spelling out that the citizens have the right to redeem their deposits in the banks and that the monies are guaranteed and it is their inherent right to do so through or by the year 2024. None the less the unprecedented crowds ensued…What is unusual is…the way the Central Bank exposed those [banks] that didn’t have the money on hand were apparently found to be speculating with depositors funds in dollars. That is not good and there will be consequences. The Central Bank is now going to take measures against banks that abstain from taking care of their obligations to the citizens.
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