The Central Bank of Iraq meets the US Federal Reserve Bank and the US Treasury at the same time
The Central Bank of Iraq meets the US Federal Reserve Bank and the US Treasury at the same time
February 11, 2023
The Central Bank of Iraq meets the US Federal Reserve Bank and the US Treasury at the same time
On Friday, corresponding to 10/2/2023, the Central Bank of Iraq delegation met for long hours with both the US Federal Reserve Bank delegation and the US Treasury Department in Washington, DC.
The two parties expressed their willingness to work jointly to meet the challenges of working on the electronic platform for remittances and cash.
The delegation of the US Federal Reserve Bank and the US Treasury discussed a number of support mechanisms for the Central Bank of Iraq, in order to enhance its capabilities to deal flexibly with crises during this stage.
The US Federal Bank confirmed that the Central Bank of Iraq’s measures are in the right direction to build a solid banking sector.
Mr. Assistant Deputy Secretary of the US Treasury showed ways to fully support the efforts of the government of Iraqi Prime Minister Mr. Muhammad Shia’ Al-Sudani in economic reform, and the readiness of the US Treasury Department to provide the required support.
The meeting listened to a presentation by the Governor of the Central Bank of Iraq regarding the bank’s directions in achieving its most important goals to ensure general stability in prices, and options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer.
The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, confirmed the bank’s intention to launch the second package of facilities that would enhance the stability of the exchange rate.
Central Bank of Iraq
Media Office
11/2/2023
cbi.iq/news/view/2236
