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[size=36]Sudanese and the US Treasury discuss ending sanctions against private banks[/size]
Political | 11:03 - 04/16/2024
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Mawazine News - Baghdad
Prime Minister Muhammad Shiaa Al-Sudani and US Treasury Undersecretary Wali Adeyemo confirmed, on Tuesday, cooperation to rehabilitate banks subject to US procedures.
The Prime Minister’s Media Office stated in a statement received by Mawazine News, that “Prime Minister Muhammad Shiaa Al-Sudani received at his residence in Washington at dawn today (Baghdad time) the Under Secretary of the US Treasury, Wali Adeyemo, and the delegation accompanying him, in the presence of the Governor of the Central Bank of Iraq.” ", indicating that "during the meeting, they discussed areas of cooperation between Iraq and the United States of America, in the financial, banking, and economic fields in general, and the steps that the government has begun to reform the financial and banking sector.”
He added, "The meeting witnessed confirmation of continued cooperation with the financial and banking reform file, and the possibility of cooperation in rehabilitating banks that have been subjected to special procedures by the US Treasury, with the aim of reaching compliance with approved international standards, in coordination with the Central Bank of Iraq."
The Undersecretary of the US Treasury praised, according to the statement, “the government measures taken to achieve economic reforms and its efforts in optimal energy investment, as well as the procedures of the Central Bank of Iraq to activate the work of Iraqi banks and make financial transfers through correspondent banks, which amounted to 80% of the total transfers.” Finance, leading to the completion of work through the platform and the Federal Bank at the end of this year.”
Prime Minister Muhammad Shiaa Al-Sudani and US Treasury Undersecretary Wali Adeyemo confirmed, on Tuesday, cooperation to rehabilitate banks subject to US procedures.
The Prime Minister’s Media Office stated in a statement received by Mawazine News, that “Prime Minister Muhammad Shiaa Al-Sudani received at his residence in Washington at dawn today (Baghdad time) the Under Secretary of the US Treasury, Wali Adeyemo, and the delegation accompanying him, in the presence of the Governor of the Central Bank of Iraq.” ", indicating that "during the meeting, they discussed areas of cooperation between Iraq and the United States of America, in the financial, banking, and economic fields in general, and the steps that the government has begun to reform the financial and banking sector.”
He added, "The meeting witnessed confirmation of continued cooperation with the financial and banking reform file, and the possibility of cooperation in rehabilitating banks that have been subjected to special procedures by the US Treasury, with the aim of reaching compliance with approved international standards, in coordination with the Central Bank of Iraq."
The Undersecretary of the US Treasury praised, according to the statement, “the government measures taken to achieve economic reforms and its efforts in optimal energy investment, as well as the procedures of the Central Bank of Iraq to activate the work of Iraqi banks and make financial transfers through correspondent banks, which amounted to 80% of the total transfers.” Finance, leading to the completion of work through the platform and the Federal Bank at the end of this year.”
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