Pimpy

  In Pimpy's Investment Chat

Article: “The European Union announces that it has taken a number of steps to remove Iraq from the list of high risk countries” This is good. They’re on this list because they’re corrupt. There’s a lot of money laundering in the banks and they finance a lot of terrorist groups through these banks. So, if they get removed off this list that’s telling the whole world, “Hey, all right, in our opinion they’ve done what it takes to stop this from happening…” This is big steps. Ever since that new Central Bank of Iraq governor took over, he has started implementing the reforms needed in the bank and whatever steps those are that he’s taken obviously are impressing the international community which is really important.