Kaperoni "US Banks is Considering Working with Iraq Banks Mechanism" 10/19/17
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Kaperoni "US Banks is Considering Working with Iraq Banks Mechanism" 10/19/17
by roxy22222222 on Thu Oct 19, 2017 11:06 pm
Articles: "US banks, is considering working with Iraqi banks mechanism" "Iraqi bank delegation discusses cooperation opportunities in America" I can’t state this enough, there is no overnight RV or any kind of cash out through banks. If these articles show us anything, it shows us that banks by nature take a conservative approach to dealing with Iraq. If and when Iraq is in compliance with the IMF and meets Article VIII, then I would expect a few US banks to begin to participate with Iraq for investment purposes. As that grows and the CBI demonstrates it can meet the needs and requirements, investment will increase opening the flood gates to investors. But this does not happen fast. As for us as investors, I have stated before, I believe we are just "watchers". We will see the dinar begin to rise via float when appropriate. As for of cash out or exchanges would probably be through some type of currency broker/ ECN, market maker or investment firm. The problem is this all falls on Iraq to get moving. Without the new CBI law, deposit insurance law, Article VIII, etc. nothing happens.
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