The Iraqi and UAE central banks sign a memorandum of understanding for banking relations
The Iraqi and UAE central banks sign a memorandum of understanding for banking relations
2021-12-12 02:26
Shafaq News/ The Central Bank of Iraq announced, on Sunday, the signing of a memorandum of understanding with the Central Bank of the UAE.
The bank’s media said in a statement, received by Shafak News Agency, that the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, met with the Governor of the Central Bank of the United Arab Emirates, Khaled Muhammad Balama, indicating that the two sides signed a memorandum of understanding on strengthening cooperation and developing banking relations between the two countries.
The meeting was attended by a number of officials of the Central Bank of Iraq and their counterparts from the Central Bank of the Emirates, where the two sides stressed the importance of developing banking relations, training cadres, facilitating the transactions of the private banking sector on both sides, and opening opposite accounts in a way that ensures compliance with international standards and taking due diligence in accordance with anti-money laundering and terrorist financing laws, according to As stated in the statement.
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