Important news coming out of the Central Bank of Iraq. Iraq is making steps to rejoin the global banking system. We know, as investors, there will be little to no currency adjustment until Iraq’s banks are able to communicate with banks worldwide, internationally. Before 1990 Iraqi banks were part of the global financial system. Then Saddam.. attacked Kuwait and Iraq was placed under sanctions…Now, when they went back to rejoin, they found out they couldn’t because high-tech had changed the landscape of banks worldwide. Iraq needs to do some serious upgrades…Iraq is now openly talking about the steps they are making to rejoin the international banks…The US Treasury is directly involved. This may be the most significant part… :Sandy Ingram
