economy dollar Central Bank of Iraq Foreign transfers On the relationship
Shafaq News / The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, noted, on Sunday, the possibility of
- opening new channels for external transfer of hard currency, and
raising the rate of daily transfers
This came during the periodic meeting of governmental and private banks, which was held in Baghdad, according to a statement received by Shafaq News Agency, and witnessed a discussion of a number of projects that are consistent with the requirements of the economic reality in Iraq.
Al-Alaq stressed that these projects establish a qualitative shift in the Iraqi economy and enhance its stability,
revealing at the same time the
project to establish a Riyada Bank, and the
project to establish a loan guarantee company that facilitates the lending process for medium, small and micro enterprises.
He referred to the direction of the Central Bank of Iraq, in cooperation with the government and the contribution of the financial, banking and business sectors, to establish a "city of financial and business center in Iraq."
Al-Alaq participated in the discussions put forward by a group of banks regarding the
Central Bank’s initiatives, the
relationship between banking institutions and customers, and
what is related to developing mechanisms for entering the electronic platform for selling foreign currency.