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Iraq and the UAE sign a memorandum of understanding to develop banking relations between the two countries
- Time: 12/12/2021 13:42:09
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{Economic: Al Furat News} The Central Bank announced, on Sunday, the signing of a memorandum of understanding with the Central Bank of the United Arab Emirates to develop relations between the two countries.
And a statement of the Central Bank, which {Euphrates News} received a copy of, stated, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb, met with the Governor of the Central Bank of the United Arab Emirates, Khaled Muhammad Balama."
The statement explained that "the two sides signed a memorandum of understanding on enhancing cooperation and developing banking relations between the two brotherly countries," noting that "the two sides stressed the importance of developing banking relations, training cadres, facilitating the transactions of the private banking sector on both sides, and opening opposite accounts in a manner that ensures that international standards are followed and that due diligence is taken. Duty in accordance with anti-money laundering and terrorist financing laws.
And he continued, "The meeting was attended by a number of officials of the Central Bank of Iraq and their counterparts from the Central Bank of the United Arab Emirates."
[You must be registered and logged in to see this link.]
{Economic: Al Furat News} The Central Bank announced, on Sunday, the signing of a memorandum of understanding with the Central Bank of the United Arab Emirates to develop relations between the two countries.
And a statement of the Central Bank, which {Euphrates News} received a copy of, stated, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb, met with the Governor of the Central Bank of the United Arab Emirates, Khaled Muhammad Balama."
The statement explained that "the two sides signed a memorandum of understanding on enhancing cooperation and developing banking relations between the two brotherly countries," noting that "the two sides stressed the importance of developing banking relations, training cadres, facilitating the transactions of the private banking sector on both sides, and opening opposite accounts in a manner that ensures that international standards are followed and that due diligence is taken. Duty in accordance with anti-money laundering and terrorist financing laws.
And he continued, "The meeting was attended by a number of officials of the Central Bank of Iraq and their counterparts from the Central Bank of the United Arab Emirates."
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