Vital Brad

  In Vital Brad

So we heard Iraq’s going International. They can use their currency in other countries.  We hadn’t heard anything on it yet…until now. Union Bank of Iraq came out with information on their new pre-paid MasterCards.  “Employees of the private or public sector can receive their salaries through the MasterCard from the ATM of the bank or any other cashier inside or outside Iraq…” This is a huge step for Iraq.  They are getting automatic payment systems…They can use their cards anywhere MasterCard is accepted…this is a big huge step for them…I think it’s time for a rate change – in my opinion…it might be a real interesting week. We’ll definitely keep our eyes [on it] to see how it unfolds.