Shafaq News/ On Wednesday, the U.S. Embassy in Baghdad said that Iraqis are among the lowest countries in the region in holding a formal bank account. In a post on its official Facebook account, the U.S. embassy said that as of 2021, less than a quarter of Iraqi adults held a bank account. "Modern banking services enable greater foreign investment, credit for the Iraqi public, and protection from financial crime, theft, and loss. Informal money transfer services are detrimental to local economies. "the Embassy said. Quoting the World Bank, the U.S. embassy pointed out that in 2021, only 18.57% of Iraqis above 15 held an account at a financial institution, one of the lowest in the Middle Ea
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