The Iraqi Central Bank and the Bank for International Settlements agree to increase investment opportunities

The Iraqi Central Bank and the Bank for International Settlements agree to increase investment opportunities

11/21/2020 14:15:26

The Iraqi Central Bank and the Bank for International Settlements agree to increase investment opportunities{Baghdad: Al Furat News} The Central Bank of Iraq agreed, today, Saturday, with the Bank for International Settlements to increase investment opportunities.
A bank statement said, “The Central Bank of Iraq held a remote meeting with the Bank for International Settlements (BIS) to discuss prospects for joint cooperation and investment mechanisms between the two parties.”
The statement pointed out that “the two sides agreed on the contribution of the Bank for International Settlements to enhance the capabilities of the Central Bank of Iraq and increase investment opportunities in foreign reserves.”
The Bank for International Settlements is an international institution that provides services to central banks that seek to enhance global monetary and financial stability, through its activities in achieving a balance of priorities of strategic importance for central banks in managing reserves, and ensuring a good understanding of liquidity management and diversification in order to obtain good returns To meet their needs, as well as providing credit, gold and foreign exchange brokerage services and asset management, including the function of integrated financial and operational risk management and properly controlling them.

alforatnews.com