The Central Bank announces the establishment of a banking relationship with Euroclear Bank
2020-08-09
The Central Bank of Iraq announced, on Sunday, that it has established a banking relationship with the Euroclear Bank Foundation, which specializes in preserving securities and their investments.
In a statement received by Al-Eqtisad News, the Central Bank said that it had completed " the procedures for establishing a banking relationship with Euroclear Bank, which is one of the internationally known institutions in the field of securities preservation and investment."
He added that it "manages central bank bonds estimated at $ 15 trillion."
In the statement, the Central Bank affirmed that "this achievement will contribute to strengthening the international relations of the Central Bank of Iraq and emulating international practices in the field of reserves management."