Jeff
One of the things the central bank is stating they're going to do is...end that old electronic transfer system that exclusively works with the dollar and transition to a different type of banking system where the local Iraqi banks can start...
doing their own sending of foreign currencies and no longer just the dollar, multiple different foreign currencies abroad.
It's called Direct Banking...But to do that the US sanctions need to be lifted off of Iraq. That's why this whole time they've only been able to exclusively work with the US dollar.
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