The central bank agrees with an American bank to facilitate payments from the Iraqi banking system t

by **Rocky** Sat 11 Feb 2023, 5:28 am

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The central bank agrees with an American bank to facilitate payments from the Iraqi banking system t

by Rocky Sat 11 Feb 2023, 5:28 am

The central bank agrees with an American bank to facilitate payments from the Iraqi banking system to China

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2023-02-11 01:50
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Shafaq News/ The Central Bank of Iraq announced, on Saturday, an agreement with the US "JP Morgan" bank to facilitate payments from the Iraqi banking system to China to finance imports.
JPMorgan Chase is an American multinational financial services bank. It is the largest bank in the United States, with total US assets of $2.515 trillion.
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by **Rocky** Sat 11 Feb 2023, 6:03 am

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The central bank agrees with an American bank to facilitate payments from the Iraqi banking system t

by Rocky Sat 11 Feb 2023, 6:03 am

[size=45][size=41]The central bank agrees with an American bank to facilitate payments from the Iraqi banking system to China[/size]
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Today, Saturday, the Central Bank of Iraq agreed with JPMorgan Bank to facilitate payments from the Iraqi banking system to China to directly finance private sector imports.
A bank statement stated that “the Governor of the Central Bank of Iraq, Ali Mohsen Ismail, met with Daniel Zeliko, Vice Chairman of the Board of Directors at JPMorgan Corporation, on the sidelines of his visit to Washington.”
The statement added, "During the meeting, it was agreed that JP Morgan Bank would facilitate payments from the Iraqi banking system to the People's Republic of China to finance private sector imports directly."
He continued, "The meeting also discussed a number of issues related to reserves management, liquidity management, and technical support provided by the aforementioned bank to the Central Bank of Iraq and to the banking sector in Iraq."
The governor said, “The Central Bank of Iraq is committed to applying international standards in combating money laundering and financing terrorism,” stressing “strengthening the Central Bank of Iraq’s relations with its counterparts in countries of the world to serve the work and development of the Iraqi banking sector.”
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