Article: “The Iraqi Central Bank and the Bank for International Settlements agree to increase investment opportunities” Quotes: “The Central Bank of Iraq held a remote meeting with the Bank for International Settlements (BIS) to discuss prospects for joint cooperation and investment mechanisms between the two parties.”; “the two sides agreed on the contribution of the Bank for International Settlements to enhance the capabilities of the Central Bank of Iraq and increase investment opportunities in foreign reserves.” Who better knows they are under Article 14 and cannot transact internationally…unless? So why make this commitment of investment? It’s a rhetorical question! And yes, of course they would know about the rate change because they are the ones who will notify all the other CB’s around the world when it is formally announced by the CBI. Somethings coming!!! Watch the CBI!!! IMO.
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