Pimpy
Community Comment: "Iraq just got licensed for foreign currency exchange."
Back in 2004 they were licensed for this but there was a shitload of restrictions...A lot of those restrictions are being lifted.
This is really good news for the Iraqi dinar...
If being on the SWIFT system is the 'football game', this step right here is you're in the warmup before the game.
It's really good news. That's something Iraq needed.
They'll warm up a little bit with this...
This is going to bring a lot of liquidity into the country. What they're telling people is Iraq is getting ready to step in and start becoming a big player with the big dogs.