[size=36]Washington appreciates the efforts and steps of the Central Bank of Iraq in contracting with international auditing companies[/size]
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Central Bank Governor Ali Mohsen Al-Alaq discussed with US Assistant Secretary of the Treasury Elizabeth Rosenberg, today, Wednesday, the possibility of providing technical support in the field of financing foreign trade through reliable banking channels, while Rosenberg appreciated the efforts and steps of the Central Bank of Iraq in contracting with international auditing companies.
The Central Bank said in a statement received by Mawazine News, “Central Bank Governor Ali Mohsen Al-Alaq received Assistant US Treasury Secretary Elizabeth Rosenberg and her accompanying delegation,” noting that “during the meeting, bilateral relations were discussed and the measures taken by the Central Bank of Iraq in the field of combating... Money laundering and terrorist financing, as well as confirmation of the continued support provided by the US Treasury and joint efforts to enhance transparency, integrity, and implementation of international compliance instructions in the Iraqi banking system.”
He added, "The two parties discussed following up on the outcomes and results of previous meetings between the Central Bank of Iraq on the one hand, and the US Treasury Department 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 solid banking channels with mechanisms that enable financing legitimate foreign trade, in currencies." Various types of goods, including (the euro, the Chinese yuan, and the Emirati dirham), as well as regulating trade with the Turkish Republic.
The US Treasury Department appreciated "the efforts and steps of the Central Bank of Iraq in contracting with international auditing companies to ensure the accuracy and transparency of procedures." Ended 29/M99