The first two images show examples of this pouch style in artwork and in an extant piece.
In the first of my own images, you can see my pouch in progress. The pouch itself is two rectangles, and the cord is finger loop braid. The eyelet holes are all hand stitched. Here, you can see how I did the tassels. I wrapped my yarn around a piece of cardboard and then took it off. I tied a piece of yarn around the center top to hold everything in place. Then I wrapped another piece of yarn around near the top to create the upper loop. Then I cut it off to my desired length and sewed all my tassels onto my pouch.