[Iraqi banks have been closed the past two weekends] Banks at the end of the day ledger-up all their funds. Every teller goes and takes their drawer and they go and count it, rectify it and make sure there’s nothing short. They put those drawers in the vault and ready for the the next day. That information is sent to the Central Bank…For people to say we’re going to take 2 weeks off to do all this accounting? Friends that accounting is done every day…Now they have a quarterly but it’s all electronic now. It happens in one day… [Post 1 of 2….stay tuned]
