Masoum stresses the unification of the Iraqi banking system throughout the country

Butifldrm · December 7, 2017

Masoum stresses the unification of the Iraqi banking system throughout the country

Iraq News Now

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President of the Republic Fuad Masoum stressed on Thursday the importance of expanding the activity and work of the Central Bank branch in the Kurdistan region and strive hard to unify the Iraqi banking system in all parts of the country in order to promote the economic reality in his meeting with the Governor of the Central Bank Ali Alalak.
The President's Office said in a statement received by "Al-Ghad Press" a copy of it, that "he received President Fuad Masum at the Peace Palace in Baghdad on Thursday, the governor of the Central Bank Ali Alalak."
He added that "during the meeting discussed the current monetary and financial situation and the need to modernize the mechanisms and specialties of banking in Iraq, taking advantage of the latest global technical data."
"The importance of the leadership role of the Central Bank of Iraq in supporting partnership with foreign banks accredited and facilitate dealings with local and foreign monetary institutions and strengthen its work within the country according to the law and serve to accelerate the construction of a comprehensive and strong economic system."
He stressed the importance of strengthening and expanding the activity and work of the Central Bank branch in the Kurdistan region to ensure the consolidation of financial relations with the official financial institutions in the region and facilitate the procedures and transactions of companies and citizens in the region and strive to unify the Iraqi banking system throughout the country to promote economic reality.
For his part, stressed the importance of the Central Bank to develop its work at the national and foreign levels, stressing the "special interest in strengthening the work of the bank in the Kurdistan region and seek to resolve all the problems and obstacles facing companies operating in the region."
He expressed his thanks and appreciation for the interest shown by the President of the Republic to the Central Bank in this sensitive circumstance, praising the directives of His Excellency in this regard.