Baghdad – Mawazine News
The Governor of the Central Bank, Ali Mohsen Al-Alaq, discussed with the assistance of US Treasury Secretary Elizabeth Rosenberg, today, Wednesday, the possibility of providing technical support in the field of financing foreign trade through sober banking channels, while Rosenberg praised the efforts and steps of the Central Bank of Iraq to contract with international audit companies.
The Central Bank said in a statement received by Mawazine News, that “Central Bank Governor Ali Mohsen Al-Alaq received the assistant of US Treasury Secretary Elizabeth Rosenberg and her accompanying delegation,” noting that “during the meeting, they discussed bilateral relations and discussed the measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing, as well as confirming the continued support provided by the US Treasury and joint efforts to enhance transparency and integrity and the application of international compliance instructions in the Iraqi banking system.”
He added that “the two parties discussed following up the outputs and results of the previous meetings between the Central Bank of Iraq on the one hand, and the US Treasury and the US Federal Bank on the other hand, as well as the possibility of providing technical support in the field of financing foreign trade through sober banking channels with mechanisms that enable the financing of legitimate foreign trade, in different currencies, including (the euro, the Chinese yuan, and the UAE dirham), as well as regulating the movement of trade with the Republic of Turkey.”
The US Treasury Department valued “the efforts and steps of the Central Bank of Iraq to contract with international audit companies to ensure the accuracy and transparency of procedures.” Ended 29/H99
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