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 November 26, 2021
The Governor of the Central Bank of Iraq meets the head of the Banking Licensing and Supervision Authority in Turkey

 

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mukhif, met today, Friday, the Chairman of the Banking Licensing and Supervision Authority in Turkey, Mr. Mehmet Akban, on the sidelines of the invitation addressed to him by the Turkish Central Bank during his official visit to the Republic of Turkey, accompanied by a number of heads of Iraqi private bank boards.
The two parties discussed the importance of joint interaction and the exchange of experiences between Iraq and Turkey, and His Excellency stressed the need to develop banking relations between Iraqi and Turkish financial institutions, in addition to supporting Iraqi banks wishing to open branches in Turkey in accordance with the principle of reciprocity, as well as stimulating the branches of licensed Turkish banks in Iraq to Develop its business and presence in the Iraqi market.  
His Excellency the Governor of the Central Bank of Iraq said that the Iraqi economy is achieving good growth, according to the indicators issued by international institutions such as the International Monetary Fund and the World Bank, and therefore Iraqi banks have the ability and ability to be present in more than one country such as Turkey and others, adding that the Central Bank worked throughout the period. The past has supported the economy through banks, and this helped in the development of Iraqi banks. 
On the sidelines of the meetings, representatives of Iraqi banks met with major Turkish banks and discussed banking relations and future cooperation to serve the two countries. 

 
 
 
Media Office
November 26, 2021
 
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Central Bank: The Iraqi Economy Is Achieving Good Growth

 
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Information/Baghdad...

Today, Friday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, confirmed that the Iraqi economy is achieving good growth.
A statement by the bank, received by the "information", stated that "the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, met the head of the Banking Licensing and Supervision Authority in Turkey, Mehmet Akban, on the sidelines of the invitation addressed to him by the Turkish Central Bank during his official visit to the Republic of Turkey, accompanied by a number of heads of boards of directors. Iraqi private banks.
The statement added, "The two parties discussed the importance of joint interaction and the exchange of experiences between Iraq and Turkey, and His Excellency stressed the need to develop banking relations between Iraqi and Turkish financial institutions, in addition to supporting Iraqi banks wishing to open branches in Turkey in accordance with the principle of reciprocity, as well as stimulating bank branches. Turkish licensed in Iraq to develop its business and presence in the Iraqi market.
The Governor of the Central Bank of Iraq said, according to the statement, that “the Iraqi economy is achieving good growth, according to indicators issued by international institutions such as the International Monetary Fund and the World Bank, and therefore Iraqi banks have the ability and ability to be present in more than one country, such as Turkey and others,” adding that “the Bank The Central Bank has worked over the past period to support system" rel="">support the economy through banks, and this has helped in the development of Iraqi banks

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Economy News - Baghdad

Today, Friday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mikheib, met the head of the Banking Licensing and Supervision Authority in Turkey, Mehmet Akban, on the sidelines of the invitation addressed to him by the Turkish Central Bank during his official visit to the Republic of Turkey, accompanied by a number of heads of Iraqi private bank boards .

The two parties discussed the importance of joint interaction and the exchange of experiences between Iraq and Turkey, and His Excellency stressed the need to develop banking relations between Iraqi and Turkish financial institutions, in addition to supporting Iraqi banks wishing to open branches in Turkey in accordance with the principle of reciprocity, as well as stimulating the branches of licensed Turkish banks in Iraq to Develop its business and presence in the Iraqi market .

His Excellency the Governor of the Central Bank of Iraq said that the Iraqi economy is achieving good growth, according to the indicators issued by international institutions such as the International Monetary Fund and the World Bank, and therefore Iraqi banks have the ability and ability to be present in more than one country such as Turkey and others, adding that the Central Bank worked throughout the period. The past has supported the economy through banks, and this helped in the development of Iraqi banks .

On the sidelines of the meetings, representatives of Iraqi banks met with major Turkish banks and discussed banking relations and future cooperation to serve the two countries.

 
 
Views 529   Date Added 11/26/2021
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“There is an important and significant role for the Central Bank of Iraq, where a large set of laws, instructions and facilities have been initiated, which enabled a number of banks to provide possible facilities in order to achieve the desired goal.”

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 Baghdad: morning
 
The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mikhaif, discussed with his Turkish counterpart, Shihab Kavucioglu, the development of financial and banking relations between the two countries.
This came in response to the invitation from the Turkish side, for a meeting between the two sides held in Istanbul, according to a statement by the Central Bank of Iraq.
The statement quoted Mokhif as saying, "Our visit aims to develop banking relations between the two countries, support the opening of branches of Iraqi banks in Turkey and the opening of mutual accounts, in a way that contributes to the development of commercial relations between the two countries on the basis of reciprocity." "Providing facilities to Iraqi banks to adjust the trade balance between the two countries, and facilitating the transfer of funds from Iraqis residing in Turkey."
For his part, Kavuoglu praised "the efforts made by the Iraqi Central in developing the national economy," stressing that "it is ready to open the doors of cooperation and facilitate banking operations between the two countries," according to the statement.
On November 9, Makheef met a Turkish banking delegation in Baghdad, and confirmed at the time, “the Central Bank’s keenness to provide the best facilities to Turkish banks operating in Iraq, and its desire to open branches for Iraqi banks in Turkey.” According to Turkish sources, the rate of trade exchange between the two countries is $17 billion annually, and they aspire to raise it to $20 billion in the coming years.
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