Iraq agrees to open another bank in the US to establish relations with its banks in transfer operations.
Iraq agrees to open another bank in the US to establish relations with its banks in transfer operations.
4-27-2025
The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed an agreement to establish another bank in the United States to establish relationships with Iraqi banks for money transfer operations.
The Governor of the Central Bank of Iraq said in an interview followed by (Al-Rabia) that he “has begun work on developing a plan to issue cards for small traders, after completing consultations with companies, so that it can accommodate the requests of traders – a large class in Iraq – to cover their foreign trade without passing through long paths, so that transfers are made directly, which will create a major shift in accommodating traders who do not use the official methods of transfer.”
He indicated that the Central Bank of Iraq, in agreement and consultation with the Treasury and the Federal Reserve, had completed the organization of cash dollar sales operations, and that they were now “in an ideal position, by their own testimony.”
faceiraq.org
