Iraqi Banking System Needs Overhaul

BAGHDAD: Decades of dictatorship, war, international sanctions, and isolation from the outside world have left Iraq’s banking sector in such a poor state that people do not believe such things as cash machines or a “smart card” exist, a senior banking official says. Rafidain Bank Director Abdul-Hussayn al-Yasiri told RFE/RL’s Radio Free Iraq that if [...]