[Central Bank/International Bank Regulator] I got into the Iraqi dinar only in 2024…What I saw prior to getting into the dinar was the case for why I think the Iraqi dinar is really on the precipice of being able to revalue very soon. QUESTION: “What made you say okay this is something …that has potential? Rafidain bank…I regulated them around 2017/2018. What I found was a bank that was dilapidated…It was almost like going back to prehistoric times…a general ledger system which was literally a notebook where debits and credits were entered…I had firsthand knowledge of…what dilapidated bank the central bank was in as well. Fast forward to now, there’s been all kinds of great, incredible reforms that have been taking place in Iraq, particularly the banking system. Back in 2024 someone approached me about what would the central bank need to do in order to become compliant. :Terrence [Post 1 of 2….stay tuned]
