Iraqi banks begin strengthening their accounts in UAE dirhams next week

Shafaq News / The Central Bank of Iraq has finalized the final arrangements for the agreement with the UAE’s First Abu Dhabi Bank, a banking source said on Saturday.

The source told Shafaq News Agency that it is hoped that the actual implementation of enhancements for the accounts of Iraqi banks in the UAE dirham will begin next week, indicating that the first phase of reinforcements will include five Iraqi private banks.

According to the source, the number of banks is expected to double after evaluating the first phase of implementation, which may last for a few weeks.

On Saturday, November 11, Iraqi official sources revealed intensive meetings conducted by the Central Bank with the US side in the UAE that resulted in important decisions regarding foreign transfers and strengthening bank balances in dollars.اقتصـاد/مصدر-مصارف-عراقية-تبد-بتعزيز-حساباتها-بالدرهم-ال-مارات-ال-سبوع-المقبل