Breitling

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Is Iraq SWIFT compliant yet? No they are not. But here’s the thing. They don’t need to be SWIFT compliant to add value to their currency.  They just don’t.  Not every country is on the SWIFT system. Would it help? Absolutely. One of the things if Iraq really wants to get into the SWIFT system is to correct the value of its currency…until Iraq adds value to its currency they’re not going to be in the SWIFT system. When you see language that Iraq wants to be in the SWIFT system you’ve got to be happy because they know they need to add value to it…Iraq wants to be part of the SWIFT system.

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