GOLDILOCKS
Iraq's central bank, the Central Bank of Iraq (CBI), has been buying gold since 2022 to diversify its foreign assets."
Every time Iraq buys more gold. They are adding more value to the net worth of their currency.
"When gold is set free, so are we."
© Goldilocks
https://www.iraqinews.com/iraq/iraq-maintains-its-30th-rank-with-the-largest-gold-reserves/#:~:text=Baghdad%20(IraqiNews.com)%20%E2%80%93,rest%20of%20its%20other%20reserves.
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"Due diligence procedures in inquiring about customers of exchange companies category (A, B) and brokerage companies that buy and sell foreign currencies."
Brokerage companies that buy and sell foreign currencies with Iraq and their new registered A&B categorization of the Iraqi Dinar have been given due diligence procedures.
Due diligence procedures includes information gathered about the clients who are participating in an exchange.
It includes background checks, risk assessment, and more.
© Goldilocks
https://cbi.iq/news/view/2580
https://www.investopedia.com/terms/c/classashares.asp
https://www.signicat.com/blog/customer-due-diligence-cdd-and-its-role-in-banking#:~:text=The%20Customer%20Due%20Diligence%20meaning,terrorism%2C%20and%20other%20illicit%20activities.
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