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[size=36]A senior Iraqi banking delegation heads to Türkiye tomorrow[/size]
Economy | 07:31 - 11/26/2023
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Mawazine News - Baghdad
An Iraqi government delegation will head tomorrow, Monday, to Turkey to hold discussions with Turkish financial and banking institutions.
A government source said, “Based on the Prime Minister’s directives regarding regulating trade exchange between Iraq and Turkey and stabilizing it through approved legal and banking methods and means, and in completion of the first round of discussions that took place in Baghdad on 11/15/2023, a delegation that includes the financial advisor to the Prime Minister will leave tomorrow at dawn, Monday.” Three officials from the Central Bank of Iraq and directors of twelve Iraqi banks will hold discussions with a number of Turkish financial and banking institutions, including the Central Bank of Turkey and the Association of Banks, in addition to the Turkish Banking Regulation and Supervision Agency.
The discussions will focus, according to the source, “on a number of topics, including discussions with Turkish banks for the purpose of opening correspondent accounts for Iraqi banks in various foreign currencies to be used in account settlements between the two countries and resolving all obstacles facing the two parties in implementing this process.”
The source added, "Facilitating the use of credit cards for Iraqi residents and tourists in the Turkish banking market will be discussed," noting that "the organization of trade exchange between the two countries will be discussed through the Turkish and Iraqi customs authorities matching the goods supplied to Iraq with the financial transfer documents through the currency buying and selling window." Foreign affairs in a way that protects the interests and stability of trade between the two countries.”
The government source continued, "It is hoped that the discussions will result in the signing of a number of agreements on banking arrangements between the two countries, which will contribute to containing the demand for the cash dollar through the irregular market for foreign currencies."
An Iraqi government delegation will head tomorrow, Monday, to Turkey to hold discussions with Turkish financial and banking institutions.
A government source said, “Based on the Prime Minister’s directives regarding regulating trade exchange between Iraq and Turkey and stabilizing it through approved legal and banking methods and means, and in completion of the first round of discussions that took place in Baghdad on 11/15/2023, a delegation that includes the financial advisor to the Prime Minister will leave tomorrow at dawn, Monday.” Three officials from the Central Bank of Iraq and directors of twelve Iraqi banks will hold discussions with a number of Turkish financial and banking institutions, including the Central Bank of Turkey and the Association of Banks, in addition to the Turkish Banking Regulation and Supervision Agency.
The discussions will focus, according to the source, “on a number of topics, including discussions with Turkish banks for the purpose of opening correspondent accounts for Iraqi banks in various foreign currencies to be used in account settlements between the two countries and resolving all obstacles facing the two parties in implementing this process.”
The source added, "Facilitating the use of credit cards for Iraqi residents and tourists in the Turkish banking market will be discussed," noting that "the organization of trade exchange between the two countries will be discussed through the Turkish and Iraqi customs authorities matching the goods supplied to Iraq with the financial transfer documents through the currency buying and selling window." Foreign affairs in a way that protects the interests and stability of trade between the two countries.”
The government source continued, "It is hoped that the discussions will result in the signing of a number of agreements on banking arrangements between the two countries, which will contribute to containing the demand for the cash dollar through the irregular market for foreign currencies."
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