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The Central Bank announces the results of its meetings in Dubai and the fulfillment of its requests for cash shipments for the year 2024
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Economy News - Baghdad
The bank's media office said in a statement received by Al-Aqsad News, "The delegation of the Central Bank of Iraq has concluded its meetings with the delegation of the US Federal Reserve and the US Treasury in Dubai."
He added, "Representatives of the US Federal Reserve and the US Treasury appreciated the efforts made by the Central Bank of Iraq during the year 2023 to achieve compliance with the Iraqi banking system."
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Added 12/14/2023 - 1:01 PM
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Economy News - Baghdad
Today, Thursday, the delegation of the Central Bank of Iraq concluded its meetings with the delegation of the US Federal Reserve and the US Treasury Department in Dubai.
[size]The bank's media office said in a statement received by Al-Aqsad News, "The delegation of the Central Bank of Iraq has concluded its meetings with the delegation of the US Federal Reserve and the US Treasury in Dubai."
He added, "Representatives of the US Federal Reserve and the US Treasury appreciated the efforts made by the Central Bank of Iraq during the year 2023 to achieve compliance with the Iraqi banking system."
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The statement explained, "The meetings resulted in a number of agreements related to supporting the policies of the Central Bank of Iraq in its orientation to support Iraqi banks in establishing relationships with correspondent banks and the gradual transition of operations to enhance the advance balance of the accounts of these banks. This is consistent with what the Central Bank of Iraq previously announced in its plan to gradually reduce Relying on the electronic platform until it is completed within the next year and limiting it to recording financial transfers for the purposes of control, auditing and analysis.”
The Governor of the Central Bank of Iraq stressed during the statement, “The Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices.”
He added, "It was agreed and approved by the above authorities to meet the requests of the Central Bank of Iraq for cash shipments for the year 2024, and the meetings witnessed a number of understandings that aim towards building the capabilities of Iraqi banks and enhancing their compliance with international standards."
The Governor of the Central Bank of Iraq stressed during the statement, “The Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices.”
He added, "It was agreed and approved by the above authorities to meet the requests of the Central Bank of Iraq for cash shipments for the year 2024, and the meetings witnessed a number of understandings that aim towards building the capabilities of Iraqi banks and enhancing their compliance with international standards."
Views 52
Added 12/14/2023 - 1:01 PM
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