I think this has something to do with the central bank. Thoughts?
AI, (Anguilla?(british territory banking country code for caribbean)

I
E
(Ireland initials IE)

running c (counter?)

I (Israel, Italy, India, Iceland?)
ci (counter intelligence? Ivory Coast?),
bis (bank for international settlements?),
m (maylasia or mexico?)
"pockets",
I
Po (Poland?),
me (Military exclusion?),
b (bridgehead, barrage?)