The CBI announced today the BSRS (Banking Supervision Reporting System)…It’s important is because …the banks in Iraq…didn’t have advanced technology. It was all pen and paper…and it was a mess…Now they have the whole system set up from the Central Bank of Iraq down to the banks and down to the branches. What that means is they have all the knowledge of all the currency inflow and outflow…In other words the central bank knows…how much currency inventory goes in the country and goes out of the country…they can account for all the money…The ability to account for currency and the inventory of it is phenomenal…
