by Rocky Sat 18 Nov 2023, 10:46 am
2023-11-18 02:14News / The Central Bank of Iraq has completed the final arrangements for the agreement with the UAE’s First Abu Dhabi Bank, according ... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
2023-11-18 02:14
News / The Central Bank of Iraq has completed the final arrangements for the agreement with the UAE’s First Abu Dhabi Bank, according to what a banking source said today, Saturday.
The source told News Agency that it is hoped that the actual implementation of the enhancement operations for Iraqi bank accounts in the UAE dirham will begin during the next week, indicating that the first phase of the enhancement will include five Iraqi private banks.
According to the source, the number of banks is expected to double after evaluating the first phase of implementation, which may last for a few weeks.
On Saturday, November 11, Iraqi official sources revealed extensive meetings held by the Central Bank with the American side in the Emirates, which resulted in important decisions regarding foreign transfers and strengthening bank balances in dollars.
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Sure looks like things that have been ongoing in the UAE has been eventful. It also sounds like that the UAE will not be the only ones having arrangements being made towards banking operation with private banks. imo ~ MM | | | |
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