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Iraq and Turkey are discussing opening bank branches and facilitating private transfers for residents

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mikhaif, discussed with his Turkish counterpart Shihab Kavucioglu, in Istanbul, the development of banking and financial relations between the two countries.

Makheif said in a statement during his meeting with his Turkish counterpart, “Our visit aims to develop banking relations between the two countries, support the opening of branches of Iraqi banks in Turkey and open mutual accounts, which contributes to developing trade relations between the two countries on the basis of reciprocity.”

The Governor of the Central Bank called on his Turkish counterpart, to “provide facilities to Iraqi banks in a way that facilitates the settlement of the trade balance between the two countries and the transfer of funds belonging to Iraqis residing in Turkey.”

For his part, the Governor of the Central Bank of Turkey praised “the efforts made by the Central Bank of Iraq in developing the national economy, stressing that it is ready to open the doors of cooperation and facilitate banking operations between the two countries.”