People might tell you the core difference between Western banking and Islamic banking is one of the reasons surrounding the IQD currency adjustment. But that’s not true, at least not anymore...The Central Bank of Iraq can operate both banking systems at the same time. They are much more advanced in their banking reform than we realize…Many countries including Malaysia, UAE, Saudi Arabia, Qatar have conventional banking and Islamic banks operating under one central bank. Therefore it was no big deal for the CBI to implement the same system… Sandy Ingram [Post 1 of 2….stay tuned]
