80% Of Money Is Outside Banks... Former Mp Calls For A New Strategy To Attract Hoarded Funds

Information/Baghdad...  Former MP Abbas Sarout confirmed on Thursday that 80% of Iraqi money is hoarded in homes, away from banks, noting the need to reconsider the strategy for attracting funds to the banking system.

Sarout explained to Al-Maalouma that "Iraq is suffering from a liquidity crisis that has begun to affect salary distribution, given that 80% of the money is hoarded outside banks.

Good Morning Dinar Recaps,

Hormuz Shipping Deal: Markets Test Whether Energy Supply Can Normalize

An emerging Iran-Oman shipping agreement could ease global energy pressures, but markets remain cautious until commercial traffic through the Strait of Hormuz returns to normal.

Good Afternoon Dinar Recaps,

U.S. Labor Market Weakens as Treasury Yields Fall — A New Test for Federal Reserve Policy

Unexpected job losses are reshaping rate expectations while investors confront a more uncertain path for U.S. monetary policy and government borrowing costs

Official Source: $500 Million Cash Shipment Arrives In Iraq

Iraqi News Agency Thursday, August 6th, 2026 / 19:52   INA – Baghdad  An official source announced the arrival of a new shipment of US dollar banknotes in Iraq valued at $500 million.

  The source told the Iraqi News Agency (INA) that “the US Federal Reserve has sent a new shipment of US dollar banknotes to the Central Bank of Iraq worth $500 million.”

Good Morning Dinar Recaps,

BRICS Strengthens Alternative Trade Architecture: Global Financial System Continues Its Structural Shift

As BRICS prepares for its 2026 Summit, member nations are accelerating efforts to expand local-currency trade and strengthen alternative payment infrastructure, signaling another step toward a more multipolar global financial system.