Thursday, October 31, 2024

TIDBIT FROM CLARE, 30 OCT

 Clare 

 Article: "What does the closure of the Central Bank platform at the end of the year mean?

 The Association of Banks explains"  

Quote: "...closing the electronic platform...will not affect businessmen and the market...as they will quickly adapt and the market will return to normal, and the foreign trade process will be enhanced through correspondent  accounts...

Iraq has 6 banks that have American correspondent banks, and 15 banks that have correspondent accounts with other countries to deal in different currencies."

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