Iraq’s central bank is licensing a kind of bank the country has never had: no branches, no vaults, no paper…Nobody writes that spec for a currency they plan to leave […]

A country holding $97 billion in reserves could carry a far stronger rate and Iraq does not.  That is not the market and it is not an accident…The dinar’s number […]

A currency locked out of world banking moves on paperwork before it moves on price.  Correspondent banks give the dinar reach. Exports give it income. Clean books give it credibility. […]