"THE MAJORITY OF IRAQ'S FINANCIAL ASSETS ARE IN US DOLLARS. AL-SUDANI'S ADVISOR DISCUSSES LINKING IRAQI
BANKS TO US BANKS." "it is in our country's interest to deal equally with the US commercial banking system as a global correspondent power for national banks, especially when dealing with more than one US bank operating globally (Global Bank) that has major global branches and arms".
"the Central Bank of Iraq's efforts to link national banks with major banks and financial institutions in the United States, with more than one bank that enjoys international standing, is an important means of providing economic stability and improving the investment, trade,
and development climate in our country through integration with the dollar trade, banking, and investment zone, which remains one of the strongest and most important monetary zones
in the world".
This article is telling us about the expansion of the correspondent banking system for Iraq. This is a move towards normality in the process of commerce with the rest of the world. It is a quest for "full"
integration with the US banking system. WOW!
Their words not mine....