The Central Bank of Iraq agreed with Turkish banks to open accounts for Iraqi banks; For the purposes of external transfer and enhancing balances to finance foreign trade in the euro currency.
Sources added, today, Thursday, that the agreement came during a meeting with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, with the Turkish Ambassador, the Chairman of the Turkish Business Council, and the managers of Turkish bank branches in Iraq, according to the Iraqi News Agency, “INA.”
She explained that other proposals have been developed and will be discussed in Istanbul at the end of this month with the participation of the Central Bank of Iraq and representatives of Iraqi banks.
The sources indicated that the agreement came to facilitate the process of trade exchange between Iraq and Turkey, especially since the volume of trade between the two countries is very high, in addition to expanding the external transfer outlets for importers in the euro currency.
She noted that the Central Bank of Iraq has taken a number of measures that will contribute to reducing the dollar exchange rate.
This agreement comes within the work strategy of the Central Bank of Iraq and the implementation of its plan to shift from the electronic platform for external transfer to transfer via correspondent banks to Iraqi banks, and to create multiple channels for external transfer, leading to the transfer of all local banks to external transfer via correspondent banks.
mubasher.info
