Goldilocks’ Comments and Global Economic News Friday AM 12-15-23
Good Morning,
Iraq has completed all of their banking competencies required by the CBI in Iraq to meet International Banking Standards. And tomorrow, they are expected to finish their banking reforms with their managers per a recent article.
At this time, they will have two weeks to do logistics training with their employees to prepare them for working with International Exchange going forward and only using the Iraqi Dinar locally.
Iraq has signed a number of agreements around the world to begin trading beyond their borders, and they have exchanged currencies with several countries to enable them to move forward with exports and imports.
The article below is a confirmation regarding the completion of a year-long set of economic reforms. It celebrates the work that they have done to achieve International standing in the banking system.
© Goldilocks
https://cbi.iq/news/view/2486
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How Are International Exchange Rates Set? Investopedia Link
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Exchange Rates and their Measurement | Explainer | Education RBA Link
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