Iraq has announced one of its most significant banking reform initiatives in years.

link to My FX Buddies Blog

The government plans to restructure the banking sector over the next 24 months by reducing the number of banks, increasing capital requirements, improving transparency, and strengthening relationships with international financial institutions. In today's video we discuss: • Iraq's banking restructuring plan • Why fewer banks could strengthen the financial system • International auditing standards • Anti-money laundering reforms • U.S. Treasury cooperation • Return of dollar shipments • Correspondent banking relationships • Financial transparency • Investment opportunities • What  ...