The Central Bank of Iraq announced on Saturday that its delegation, headed by Governor Ali Al-Alaq, who is currently visiting New York, has signed a contract with Oliver Wyman to conduct a comprehensive review of the conditions of Iraqi banks, especially banks banned from dealing in the US dollar.
A statement issued by the Central Bank of Iraq explained that the company will work to develop practical solutions to reintegrate these banks into the Iraqi and international banking sector, in addition to improving the level of banking procedures in line with international standards.
The statement added that this initiative aims to facilitate the process of establishing direct banking relations, and improve the quality of services provided by banks in a way that serves the Iraqi economy, as the company is scheduled to start its operations in the coming period.
shafaq.com
