The delegation of the Central Bank of Iraq ends its meetings with the delegation of the US Federal Reserve and the US Treasury in Dubai

[RJG]

The delegation of the Central Bank of Iraq ends its meetings with the delegation of the US Federal Reserve and the US Treasury in Dubai

 

December 14, 2023

Representatives of the US Federal Reserve Bank and the US Treasury appreciated the efforts made by the Central Bank of Iraq during the year 2023 to achieve compliance with the Iraqi banking system.
The meetings resulted in a number of agreements related to supporting the policies of the Central Bank of Iraq in its orientation to support 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. This is consistent with what the Central Bank of Iraq previously announced in its plan to gradually reduce reliance on the electronic platform. It will be completed within the next year and will be limited to recording financial transfers for the purposes of control, auditing and analysis.
The Governor of the Central Bank of Iraq confirmed that the Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices.
It was also agreed and approved by the above authorities to meet the requests of the Central Bank of Iraq for cash shipments for the year 2024, and the meetings witnessed a number of understandings that aim towards building the capabilities of Iraqi banks and enhancing their compliance with international standards.

 

Central Bank of Iraq

information Office

12/14/2023

https://cbi.iq/news/view/2486

 

[gregp]

What is the U.S. doing in Dubai? 

[psdon]

7 minutes ago, gregp said:

What is the U.S. doing in Dubai? 

Pain off Joe's balance.

[Laid Back]

“The Governor of the Central Bank of Iraq confirmed that the Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices.”

 

Openness to the international financial markets.

 

Go Iraq 🇮🇶 

Go international 

Go open market economy 

Go Stronger dinar

[horsesoldier]

52 minutes ago, gregp said:

What is the U.S. doing in Dubai? 

Making certain 10% goes to the Big Guy...or else ? I know a wild stab in the neck, but I had to go there