MilitiaMan

Article: “Association of Iraqi private banks holds a preparatory meeting for the day of financial inclusion” Financial Inclusion is a hot topic for not only the IMF but the Bank of International Settlements and the World Bank. Think about it why are they working so close with Private Banks? Because, imo, those that have a lot of wealth or will have a lot in the short term will use them… They will bring in their wealth to the banks…to exchange it into the new products. Won’t Private Banks need the new small category notes to facilitate their new beginning into a market economy?  The wealthy own businesses and will need new product for daily transactions. …They will also need the ability for the markets to do Foreign wire transfers for those that do international trade.