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The Governor of the Central Bank and the British counterpart are discussing opening branches of foreign banks in Iraq

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, met today, Wednesday, with the Governor of the Bank of England.

“The meeting dealt with ways to develop banking relations and increase the volume of investment transactions between the two countries, as well as the importance of cooperation in the field of” combating money laundering and terrorist financing “and overcoming the obstacles that hinder the process of opening branches for foreign banks operating in Iraq, a statement said.

The statement added, “In the framework of his visit to the United Kingdom, the governor also met with the two international auditing companies Ernst & Young and PWC, where he discussed with them enhancing the volume of work with the Central Bank of Iraq because of these companies’ experience and reliability, stressing his keenness to maintain the relationship with them during the coming period. Source