Economy 11-26-2023, 19:28
Baghdad - IA
A government source said on Sunday that a high-ranking Iraqi delegation will leave tomorrow, Monday, for Turkey to discuss three files.
The source told the Iraqi News Agency (INA):
“Based on the Prime Minister’s directives regarding organizing trade exchange between Iraq and Turkey and stabilizing it through approved legal and banking methods and means, and in continuation of the first round of discussions that took place in Baghdad on Wednesday 11/15/2023, he will leave at dawn tomorrow, Monday.” 11/27/2023
A delegation including the financial advisor to the Prime Minister, three officials of the Central Bank of Iraq, and twelve directors of Iraqi banks to hold discussions with a number of Turkish financial and banking institutions, including the Central Bank of Turkey and the Association of Banks, in addition to the Turkish Banking Regulation and Supervision Agency.
He stated that the discussions will focus on a number of topics, including:
1- Discussing with Turkish banks for the purpose of opening correspondent accounts for Iraqi banks in various foreign currencies to be used in account settlements between the two countries and resolving all obstacles facing the two parties in implementing this process.
2- Discussing facilitating the use of credit cards for Iraqi residents and tourists in the Turkish banking market.
3- Discussing the organization of trade exchange between the two countries through the Turkish and Iraqi customs authorities matching the goods supplied to Iraq with the financial transfer documents through the foreign currency buying and selling window, in a way that protects the interests and stability of trade between the two countries.
The source said:
“It is hoped that the above discussions will result in the signing of a number of agreements regarding banking arrangements between the two countries, which will contribute to containing the demand for the cash dollar through the irregular market for foreign currencies.”