Iraq Moves Beyond the Dollar: New Rules for Banks Explained
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Iraq Moves Beyond the Dollar: New Rules for Banks Explained
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Iraq is quietly accelerating its move away from dollar dependence. link to My FX Buddies Blog In this episode, we break down new conditions set by the Central Bank of Iraq for Iraqi banks that want to trade in foreign currencies other than the US dollar, including the euro, Chinese yuan, and UAE dirham. If you'd like to Support the channel: https://cash.app/$tishwash... https://paypal.me/tishwash... According to the Eco Iraq Observatory, banks must now meet strict capital, liquidity, and transparency requirements before they are allowed to operate in alternative currencies — part of a broader banking sector reform program. 📌 Topics covered: • Why Iraq is expanding beyond the dollar • The new capital requirement (300–400 billion dinars) • Liquidity standards (LCR & NSFR explained simply) • Ownership disclosure and transparency rules • How sanctions reshaped Iraq’s banking system • What this signals about Iraq’s long-term strategy 📺 This isn’t about speed — it’s about credibility and control. Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥
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