June 09, 2023
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Allaq, met with the Vice President of the American J.P. Morgan Bank, Mr. (Daniel Zeljko) in Baghdad.
The two parties discussed ways of
cooperation between JP Morgan Bank and the Central Bank of Iraq, and the
American bank's willingness to support a number of Iraqi banks in financing foreign trade operations in the US dollar[/color].
Mr. Zelikow praised the recent measures taken by the Central Bank of Iraq in the field of
combating money laundering and terrorist financing and the adoption of
international standards in money transfers.
His Excellency the Governor of the Central Bank of Iraq called on Mr. Zeljko to
open a representative office in Iraq,
promising him to provide the necessary support to facilitate this step, as
positive repercussions on the Iraqi economy in general, and the
banking sector in particular, while
the meeting touched on joint cooperation in the fields of
investment management and
technical support. training, in various fields.
It is noteworthy that
JPMorgan Bank is the largest US bank in terms of financial assets, with
assets amounting to about $4 trillion.
Central Bank of Iraq
9- June – 2023