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The Central Bank of Iraq announced a new understanding of the exchange of government banks to increase monetary and commercial cooperation with Saudi Arabia.
1/4/2018
The Governor of the central bank of Iraq, "Ali alak", said that there was a coordination between Baghdad and riyadh to open a branch of the Iraqi trade bank in Saudi Arabia to achieve a strategic partnership in the economic, trade and investment
Monetary Relations between Iraq and Saudi Arabia were good, and a branch of the Iraqi trade bank in Saudi Arabia would soon be opened with a view to facilitating the process of trade between the two countries, explaining that Saudi Arabia would also open a branch of one of its banks in Iraq Between the two countries.
Saudi-Iraqi relations are marked by a remarkable convergence after nearly 3 decades of great tension and severing diplomatic relations between them.
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