GOLDILOCKS
Economy News – Baghdad
The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, praised the Central Bank’s direction to establish digital banks to keep pace with the great development in the global banking sector.
In an interview with “Economy News”, Tariq said that “the world is moving towards digitizing banking services, and Iraq has started its first steps in establishing digital banks, as so far there is a licensed digital bank inside Iraq, and provides its services naturally to the public.”
https://search4dinar.wordpress.com/2024/05/13/the-association-of-private-banks-praises-the-direction-of-the-iraqi-central-bank-to-establish-digital-banks/]
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Global Banking Announcement:
This is a note to follow up on the banker who went into foreign currency exchange training last week.
The banks now have the capability to send wires in every currency around the world with the exception of the Iraqi dinar.
There will be much faster settlement times utilizing a country's own currencies for the exchange.
This makes sense to me due to the fact that Dee and I have been told that the IQD would not float. It will be given a revalued rate.
What is important to take from this piece of Intel is, for this Bank, these new procedures began today.
This does not mean that all Banks have started these protocols yet, but it does mean that expectations are high that they begin.
© Goldilocks
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