Bottleneck Risks: Iraq’s Reliance on a Limited Number of Correspondent Banks
Bottleneck Risks: Iraq’s Reliance on a Limited Number of Correspondent Banks
link to My FX Buddies Blog
If you'd like to support me: https://www.paypal.com/paypalme/tishwash
Iraq's 2025 budget is expected to be the first of its kind, relying on a system of correspondent bank transfers amid the challenges of low oil prices and high domestic spending.
The Iraqi economic and financial system is facing a major transformation with the cessation of the “window” and “platform” and the shift to direct bank transfers, which may reveal gaps in the readiness of financial institutions for this…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.