Iraq filed an official application in November 2025 to join the Bank for International Settlements…The BIS is the central bank of central banks…There’s 63 members including the United States Fed and the ECB, Europe’s central bank. Filing the application means every reserve number, banking rule and anti-money laundering system has
already been audited and approved by the BIS staff. That’s heavy. Observer status is the next step. Full membership follows.
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