Economy News _ Baghdad
The economic and banking adviser to the Association of Iraqi Private Banks, Samir al-Nusairi, called on Tuesday the Iraqi economic, financial and banking delegation to Saudi Arabia, which will represent the representatives of private banks to benefit from openness in the Iraqi-Gulf relations in all political, security and economic fields. Especially in foreign banking transactions and stimulate and encourage investment companies to invest in Iraq.
The Iraqi economy is currently undergoing an important stage of transition after achieving victory over terrorism and achieving financial victory and drawing up strategic plans until 2030 to achieve financial sustainability and diversify the sources of non-oil revenues by stimulating the productive sectors and leaving the crisis stage to the stage of security and economic stability, especially after the opening of the international, regional, Iraq and the beginning of building new political, security and economic relations, which began at the beginning of the second half of the current year 2017, and that what concerns us here is the future of international economic, financial and banking relations in general And with the Arab Gulf countries, especially some Arab countries with economic depth as influential as Saudi Arabia, which visit the Iraqi delegation now and extend the bridges of the relationship together to serve the opening of new horizons for communication and exchange of benefits and encourage Arab investment in Iraq and the development of infrastructure and technical banking and increase interbank banking and find new ways to cooperate
Al-Nusairi stressed that "the recent bilateral meetings between the Central Bank of Iraq and the relevant ministries and representatives of the Gulf countries who visited Iraq during the past two months and with the participation of the private sector in Iraq and in particular the private banking sector have resulted in a roadmap for communication and joint coordination for the actual purpose of implementing the Guidelines for building and restoring economic, financial and banking relations cut off for decades. "
He urged Nusseiri, "The delegation reached an agreement with the Saudi side on the development and open broad prospects for cooperation in the banking field and correct the previous tracks and overcome all obstacles that stand in the way of building healthy banking relations and sound, and agree to be named a link between the Central Bank of Iraq and institutions Cash and banks in Saudi Arabia, which will be discussed with their representatives. "
The Central Bank and the Association of Iraqi Private Banks shall direct to prepare detailed plans and programs for joint banking cooperation in all fields that promote, develop and develop foreign banking transactions, encourage and stimulate investment, build capacity, rehabilitate and train Iraqi banking cadres. In order to achieve the targeted results of the visit, Experts of the private banking sector and direct visits and mutual meetings to develop and prepare the basis and policies of detailed cooperation for the purpose of signing by the Joint Higher Committees, and develop a plan for cooperation economy And the banker for the next five years in all areas will begin effective on 1/1/2018, provided that the Central Bank and the Association of Banks follow up and implement that and be named experts responsible for the regional file in the Central Bank and the Association and authorize them to communicate with their counterparts in the Saudi side to achieve the central objective From the leadership of the delegation. "
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