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The Central Bank establishes a banking relationship with Euroclear Bank

The Central Bank of Iraq announces that it has completed the procedures for establishing a banking relationship with ( Euroclear Bank ), which is one of the internationally known institutions in the field of securities preservation and investment, and manages bonds for central banks estimated at $ 15 trillion.

He confirms that this achievement will contribute to strengthening the international relations of the Central Bank of Iraq and simulating international practices in the field of reserves management.

The Central Bank of Iraq  information Office  9 August 2020  link

Tishwash: The Central Bank announces the establishment of a banking relationship with Euroclear Bank

The Central Bank of Iraq announced, on Sunday, that it has established a banking relationship with the Euroclear Bank Foundation, which specializes in preserving securities and their investments.

In a statement received by Al-Eqtisad News, the Central Bank said that it had  completed ” the procedures for establishing a banking relationship with Euroclear Bank, which is one of the internationally known institutions in the field of securities preservation and investment.”

He added that it “manages central bank bonds estimated at $ 15 trillion.”

In the statement, the Central Bank affirmed that “this achievement will contribute to strengthening the international relations of the Central Bank of Iraq and emulating international practices in the field of reserves management   link

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Tishwash:   Sources: Al-Kazemi’s visit to Washington will create new horizons for economic and energy cooperation

On the level of economic relations between Baghdad and Washington, informed sources confirmed that Al-Kazemi’s visit will push the economic and energy relations between the two countries towards a new horizon.

The sources mentioned that Al-Kazemi intends to ask the US government to urge its companies to work in Iraq and support it in building an independent energy policy, especially in the associated gas issues, and this will be matched by an American request about protecting investors and providing social safety for them in addition to reforming legislation, the visa system and the banking system.  link