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[size=36]An American bank announces its willingness to support Iraqi banks with foreign trade financing operations in the dollar currency[/size]
Economy | 11:59 - 09/06/2023
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Baghdad - Mawazine News,
the US "GB Morgan" bank announced, on Friday, its readiness to support a number of Iraqi banks in financing foreign trade in the US dollar.
And the Central Bank of Iraq stated, in a statement, which Mawazine News received a copy of, that “the governor of Al-Alaq received the Vice President of the American JP Morgan Bank (Daniel Zeliko) in Baghdad, and the two parties discussed ways of cooperation between the JP Morgan Bank and the Central Bank.” Iraqi, and the willingness of the American Bank to support a number of Iraqi banks in the operations of financing foreign trade in the currency of the US dollar.
And Zelikow praised, according to the statement, "the recent measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing and the adoption of international standards in money transfers."
The statement added that the Governor of the Central Bank of Iraq called on Zeljko to open a representative office in Iraq, promising him to provide the necessary support to facilitate this step, as it represents positive repercussions on the Iraqi economy in general, and the banking sector in particular, while the meeting touched on joint cooperation in the fields of investment management. and technical support and training, in various fields.”
JPMorgan is the largest US bank in terms of financial assets, with assets amounting to about $4 trillion. Ended 29/h
the US "GB Morgan" bank announced, on Friday, its readiness to support a number of Iraqi banks in financing foreign trade in the US dollar.
And the Central Bank of Iraq stated, in a statement, which Mawazine News received a copy of, that “the governor of Al-Alaq received the Vice President of the American JP Morgan Bank (Daniel Zeliko) in Baghdad, and the two parties discussed ways of cooperation between the JP Morgan Bank and the Central Bank.” Iraqi, and the willingness of the American Bank to support a number of Iraqi banks in the operations of financing foreign trade in the currency of the US dollar.
And Zelikow praised, according to the statement, "the recent measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing and the adoption of international standards in money transfers."
The statement added that the Governor of the Central Bank of Iraq called on Zeljko to open a representative office in Iraq, promising him to provide the necessary support to facilitate this step, as it represents positive repercussions on the Iraqi economy in general, and the banking sector in particular, while the meeting touched on joint cooperation in the fields of investment management. and technical support and training, in various fields.”
JPMorgan is the largest US bank in terms of financial assets, with assets amounting to about $4 trillion. Ended 29/h
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