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Central Bank Governor Ali Al-Alaq discussed with US Assistant Secretary of the Treasury Elizabeth Rosenberg, on Wednesday, the bank’s procedures in the field of combating money laundering and terrorist financing, the possibility of providing technical support in the field of financing foreign trade through “ sound” banking channels with mechanisms that enable financing legitimate foreign trade in different currencies. Including the euro, yuan, and UAE dirham.
The Central Bank media stated in a statement received by Al-Ghad Press, “The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received Assistant Secretary of the US Treasury Elizabeth Rosenberg and her accompanying delegation.”
During the meeting, according to the statement, they “discussed bilateral relations and discussed the measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing, in addition to confirming the continued support provided by the US Treasury and joint efforts to enhance transparency and integrity and implement international compliance instructions in the Iraqi banking system. ”
The two parties also discussed “following up on the outcomes and results of previous meetings between the Central Bank of Iraq on the one hand, and the US Department of the Treasury and the US Federal Bank on the other hand, as well as the possibility of providing technical support in the field of financing foreign trade through reliable banking channels with mechanisms that enable financing legitimate foreign trade, in different currencies.” Including (the euro, the Chinese yuan, and the Emirati dirham), as well as organizing trade movement with the Turkish Republic . ”
The US Treasury Department appreciated, according to the statement, “the efforts and steps of the Central Bank of Iraq in contracting with international auditing companies to ensure the accuracy and transparency of procedures . ”