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Podcast: My FX Buddies
Episode: Bottleneck Risks: Iraq’s Reliance on a Limited Number of Correspondent Banks
Description: Bottleneck Risks: Iraq’s Reliance on a Limited Number of Correspondent Banks
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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 f...