From London to Basel: Iraq Seeks Global Banking Seat
Iraq’s Central Bank is going global.
link to My FX Buddies BlogGovernor Ali Al-Allaq met with Bank of England Governor Andrew Bailey to discuss cooperation on digital currency, currency modernization, and foreign reserve management.
Even more importantly, Iraq called on the Bank of England to support its effort to join the Bank for International Settlements (BIS) — the “central bank of central banks.”
In this episode, we cover:
Why inflation in Iraq is at its lowest in history (under 2%)
What BIS membership is and why it matters
How cooperation with the Bank of England could modernize Iraq’s…
The skinny
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