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Do you know what this means? US Banks will benefit from your currency exchange in their Federal Accounts.
Ex: Cashing a 10k IQD note with a bank that charges a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account. What the bank gets?
Ex: Cashing a 10k IQD note with a bank that charges a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account. What the bank gets?
Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”.
Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.
Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.
Iraq is prepared to do business with international banks. It is noteworthy that JPMorgan Bank is the largest US bank in terms of financial assets, with assets amounting to about $4 trillion.
Guess what? There will be a celebration for Iraq in one week. What us it for?
Guess what? There will be a celebration for Iraq in one week. What us it for?
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