The Central Bank of Iraq agrees with America to meet its requests for cash shipments for the year 2024
The Central Bank of Iraq agrees with America to meet its requests for cash shipments for the year 2024
2023-12-14 01:58
Shafaq News/ The Central Bank of Iraq announced, on Thursday, its agreement with an American delegation to meet the bank’s needs for cash shipments of the dollar currency for the next year.
The bank stated in a statement today that a delegation from it concluded its meetings with the delegation of the US Federal Reserve and the US Treasury Department in Dubai.
He added that the meetings resulted in a number of agreements related to supporting the policies of the Central Bank of Iraq in its approach to supporting Iraqi banks in establishing relationships with correspondent banks and the gradual transition of operations to enhance the advance balance of the accounts of these banks.
The statement explained that this is consistent with what the Central Bank of Iraq previously announced in its plan to gradually reduce reliance on the electronic platform until it ends its work during the next year and limit it to recording financial transfers for the purposes of control, auditing and analysis.
The statement quoted the Governor of the Central Bank of Iraq, Ali Al-Alaq, as saying that the Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices.
According to the statement, it was agreed and approved by the above authorities to meet the requests of the Central Bank of Iraq for cash shipments for the year 2024.
The meetings witnessed a number of understandings aimed at building the capabilities of Iraqi banks and enhancing their compliance with international standards, according to a statement by the Central Bank of Iraq.
shafaq.com
