Sandy Ingram

This is breaking news – Iraq now has a Deposit Insurance Company like the U.S. FDIC.  Article:  “The Governor of the Central Bank Inaugurates the headquarters of the Iraqi Deposit Insurance Company.”  The company will guarantee the deposits with Iraq banks approved by the Central Bank of Iraq…What will this do is get most of the old Iraqi dinars hidden under mattresses in Iraq, into the banking system.  This is a major effort to regulate the number of Iraqi dinars on the open market.