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The Central Bank finalizes the final arrangements with Abu Dhabi Bank to strengthen Iraqi banks with the UAE dirham
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Baghdad today - Baghdad
A banking source revealed today, Saturday (November 18, 2023), that the Central Bank of Iraq has finalized the final arrangements with Abu Dhabi Bank to strengthen Iraqi banks with the UAE dirham.
The source told "Baghdad Today", "The Central Bank of Iraq has completed the final arrangements for the agreement with the UAE's First Abu Dhabi Bank to strengthen Iraqi banks with the UAE dirham."
He added: "It is hoped that the actual implementation of the strengthening operations for Iraqi bank accounts in the UAE dirham will begin during the next week."
He pointed out that "the first phase of the reinforcements will include five Iraqi private banks, and it is expected that the number of banks will double after evaluating the first phase of implementation, which may last for a few weeks."
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