Scribd Logo
Upload

Welcome to Scribd!

  • Iraq Banking System

    Uploaded by

    Thaqalain Mahdi
    8 views1 page
    The banking system [in Iraq] was in shambles, says John B. Taylor. Electronic transfer of funds, widely made to people in developed countries, was virtually non-existent. There was also the issue of dealing with Iraq s dual system of currency.

    Original Description:

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    TXT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The banking system [in Iraq] was in shambles, says John B. Taylor. Electronic transfer of funds, widely made to people in developed countries, was virtually non-existent. There was also the issue of dealing with Iraq s dual system of currency.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views1 page

    Iraq Banking System

    Uploaded by

    Thaqalain Mahdi
    The banking system [in Iraq] was in shambles, says John B. Taylor. Electronic transfer of funds, widely made to people in developed countries, was virtually non-existent. There was also the issue of dealing with Iraq s dual system of currency.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Almost no bank in Iraq transferred

    money electronically, and the regime had co-opted the once-functional Central Ba
    nk to
    lend money to Saddam s cronies. There was also the issue of dealing with Iraq s dual
    system of currency the Swiss dinar used in the Kurdish region in northern Iraq and
    the Saddam dinar used everywhere else.90
    TREASURY S ECONOMIC TRIAGE The banking system [in Iraq] was in shambles. Electroni
    c transfer of funds, widely made to people in developed countries, was virtually
    non-existent, making Iraq s payment system the equivalent of a Model-T Ford.
    - John B. Taylor, Under Secretary, Treasury for International Affairs (2001-2005
    )?

    You might also like