Support for the agreement between the Central Bank of Iraq and the U.S. Treasury Department
Baghdad, July 18 (Hibya) - The agreement reached between the Central Bank of Iraq and the United States Treasury Department has been described as an important step in the reform process of Iraq's banking sector.
The agreement reached between the Central Bank of Iraq and the United States Treasury Department has been described as an important step in the reform process of Iraq's banking sector.
Iraqi official Ali Falih Al-Zaydi said the agreement would strengthen the integration of Iraq's banking sector into the global financial system.
Al-Zaydi stated that seven Iraqi banks are preparing to regain access to international correspondent banking channels and the ability to conduct transactions in U.S. dollars after completing compliance and governance requirements.
Al-Zaydi noted that financial and banking reforms would continue, adding that strengthening the principles of transparency and governance would support Iraq's economic position.
British News Agency
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