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MIKE Updates
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MIKE Updates
MIKE
Article: "Rasheed Bank intends to apply to transfer your money IBAN system" Quote: "Rasheed Bank announced on Thursday its intention to apply the "IBAN" your system to transfer money in and out of Iraq..."
The good news about this article is that Iraq is finally engaging the world banking system's and pulling themselves out of the stone age. It doesn't, however, indicate a "internationally recognized" currency in Article VIII is right around the corner.
I would bet that 95% of the money that goes through the IBAN system will be dollars that are purchased by Iraqi's at the bank.
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