This came in July 4 2018 “Financial Action Task Force (FATF) has removed Iraq from its list of states deemed weak in combating money laundering and terrorist financing, which experts believe should make international banks more comfortable doing business with the country… …Removal from the grey list should help with the process of getting international banks more comfortable with transacting with Iraq.”
This news is very encouraging for us in my opinion. I would take a close look at the last sentence. …to me that news really is what we need to see about our investment…in addition to stabilizing the exchange rate of the Iraqi dinar and increasing liquidity in Iraq’s financial market. Iraqi stocks are up 10 per cent in 2018, far better than Europe or Japan, while its market’s capitalisation is a mere $10 billion.