He agreed to import the dollar for three private banks....The Central Bank agrees with Turkish banks

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[size=52]He agreed to import the dollar for three private banks....The Central Bank agrees with Turkish banks to enhance external transfer in the euro currency[/size]

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2023-11-17
An authorized source in the Central Bank of Iraq revealed that the Central Bank agreed with Turkish banks to open accounts for Iraqi banks with the aim of enhancing external transfer in the euro currency, while agreeing to import the dollar to three private banks. The source said to the official news agency: “The Central Bank Al-Iraqi agreed with Turkish banks to open accounts for Iraqi banks for the purposes of external transfer and to enhance balances to finance foreign trade in the euro currency,” pointing out that “the agreement came during a meeting with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, with the Turkish ambassador, the head of the Turkish Business Council, and the managers of Turkish bank branches.” in Iraq". He added, “Other proposals have been put forward and will be discussed in Istanbul at the end of this month with the participation of the Central Bank of Iraq and representatives of Iraqi banks.” The source confirmed, “The agreement came to facilitate the process of trade exchange between Iraq and Turkey, especially since the volume of trade between the two countries is very high, in addition to Expanding external transfer outlets for importers in the euro currency,” stressing that “the Central Bank of Iraq has taken a number of measures that will contribute to reducing the dollar exchange rate.”
He pointed out, “This agreement comes within the work strategy of the Central Bank of Iraq and the implementation of its plan to shift from the electronic platform for external transfers to transfers through correspondent banks to Iraqi banks, and to create multiple channels for external transfers, leading to the transfer of all local banks to external transfers via correspondent banks.” He pointed out that “over the past two days, the Central Bank issued official approvals to three Iraqi private banks to import the US dollar to meet their customers’ need for this currency in amounts amounting to 100 million dollars,” stressing that “one of the banks’ shipments has actually arrived in Iraq.” He added, “There are requests from other banks that are on their way to be submitted for decision by the Central Bank of Iraq.” The source confirmed, “The Trade Bank of Iraq (TBI) is currently holding important discussions with several international companies to transfer amounts amounting to $120 million, which are in progress.” “It is on track to be completed within the next few days.”[/size]
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