The US Treasury discusses with the Iraqi Central Bank foreign trade in three foreign currencies other than the dollar, 14 SEPT

The US Treasury discusses with the Iraqi Central Bank foreign trade in three foreign currencies other than the dollar, 14 SEPT

 The Governor of the Central Bank of Iraq announced on Wednesday that he discussed with the US Assistant Secretary of the Treasury combating money laundering, terrorist financing, and foreign trade in three currencies other than the US dollar.

The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met with Assistant Secretary of the US Treasury Elizabeth Rosenberg and her delegation. Bilateral relations were discussed, and the Central Bank of Iraq’s measures to combat money laundering and terrorist financing were reviewed. The meeting also involved confirming the continued support provided by the US Treasury and joint efforts to enhance transparency, integrity, and compliance with international regulations within the Iraqi banking system. The bank’s media released a statement regarding the meeting.

The statement reveals that two parties met and discussed the progress made in previous meetings between the Central Bank of Iraq and the US Treasury Department and Federal Bank. They also talked about the possibility of technical support in financing foreign trade through trustworthy banking channels. The financing will be provided in various currencies such as the euro, the Chinese yuan, and the Emirati dirham. The parties also discussed organizing trade with the Republic of Turkey.

The US Treasury Department commended the Central Bank of Iraq for its efforts in ensuring transparency and accuracy of procedures through contracting international auditing companies.

On Tuesday, the US Ambassador to Iraq, Alina Romanowski, made an announcement on X (formerly Twitter). In the blog post, she expressed her pleasure in welcoming the assistance of US Treasury Secretary, Elizabeth Rosenberg, to Baghdad. She also mentioned that she is looking forward to holding important meetings with government leaders and officials in the Central Bank of Iraq.She stated that combating international money laundering and implementing banking reform could help fight corruption and promote foreign investment in Iraq.