MarkZ

[via PDK]  This article is directly from the CBI “IMF reports it’s consultation with Iraq on Article 7 for 2024”  They want us to know how exceptionally things have gone. How they have changed the reserve requirements and how Iraq has already met the reserve requirements. Iraq’s banks hold 18% reserves.  US banks only hold 2%. Banks in Iraq are much safer than US banks. This is part of moving to phase 2 of the white papers and economic  reforms. What is also in those reforms is an increase of the purchasing power if the dinar. This shows the clear progress they are making.