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[size=36]Al-Sudani receives US Deputy Treasury Secretary[/size]
Politics | 09:32 - 09/24/2024
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Mawazine News - Baghdad
Prime Minister Mohammed Shia Al-Sudani announced today, Tuesday, the completion of 95% of bank transfers through the electronic platform, after which the transition to the correspondent banking system will take place.
A statement from his media office received by (Mawazine News) stated that "Prime Minister Mohammed Shia Al-Sudani received the US Deputy Secretary of the Treasury, Wally Adeyemo, and a number of officials in the Ministry of Treasury." He added that "the meeting discussed bilateral economic relations between the two countries in various vital sectors, reviewed the government's efforts and plans in economic and financial reform, the move towards diversifying sources of Iraqi output, enhancing development targets, and practical measures implemented in the field of combating money laundering." The Prime Minister confirmed, according to a statement from his office, that "the government has made great strides in the financial and banking reform file, and 95% of bank transfers have been completed through the electronic platform, and less than 5% will be completed by the end of this year, after which the transition to the correspondent banking system will take place, in accordance with the government's approach and commitment to raising the capabilities of Iraqi banks, in line with international standards and meeting the needs of the thriving investment environment in Iraq." For his part, Adeyemo praised "the progress witnessed by Iraq in the field of economic and banking reforms that have been achieved in record time, and the state of economic growth that has reached a total of About 6%, which enhances the government's development efforts, expressing readiness to cooperate and work within a bilateral partnership that serves the interests of economic development.
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