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The Central Bank announces American approval to supply it with dollars
[rtl]Baghdad - Iraq today:[/rtl]
[rtl]The Central Bank of Iraq announced, today, Thursday, that its delegation's meetings with the delegation of the US Federal Reserve and the US Treasury Department in Dubai witnessed the approval of the American side to meet the bank's requests for cash shipments For the year 2024.
The bank's media said in a press statement, “The delegation of the Central Bank of Iraq concluded its meetings with the delegation of the US Federal Reserve and the US Treasury in Dubai, and 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.” .
According to the statement, 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, and this is consistent with what the Central Bank of Iraq previously announced in its plan to reduce gradually From relying on the electronic platform to ending its work within the next year and limit it to recording financial transfers for the purposes of Control, auditing and analysis.
The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed that “the Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices.”
According to the statement, “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.”[/rtl]
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Economy , 2023/12/14 18:21 , Number of reads: 309
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[rtl]Baghdad - Iraq today:[/rtl]
[rtl]The Central Bank of Iraq announced, today, Thursday, that its delegation's meetings with the delegation of the US Federal Reserve and the US Treasury Department in Dubai witnessed the approval of the American side to meet the bank's requests for cash shipments For the year 2024.
The bank's media said in a press statement, “The delegation of the Central Bank of Iraq concluded its meetings with the delegation of the US Federal Reserve and the US Treasury in Dubai, and 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.” .
According to the statement, 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, and this is consistent with what the Central Bank of Iraq previously announced in its plan to reduce gradually From relying on the electronic platform to ending its work within the next year and limit it to recording financial transfers for the purposes of Control, auditing and analysis.
The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed that “the Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices.”
According to the statement, “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.”[/rtl]
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[/rtl]
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