US State Department: We Did Not Issue Sanctions On Iraqi Banks, But Rather They Were Decisions To Strengthen The Banking System
Political | 10/10/2023 Baghdad - Mawazine News The US State Department affirmed Washington's support for the efforts of Prime Minister Muhammad Shiaa Al-Sudani in combating corruption and improving the financial sector, while noting that his upcoming visit to Washington represents a good opportunity to strengthen bilateral relations and enhance comprehensive partnership in all sectors.
US Deputy Assistant Secretary of State for Iraq and Iran Affairs, Victoria Taylor, said: "The visit I am making is my first time to Iraq, and I am pleased to be here to strengthen relations between the two countries."
She added, "Iraqi relations with the United States of America are strategic and long-term, and we support the war waged by Iraqi Prime Minister Muhammad Shia al-Sudani against corruption, which is a very good goal and a common priority."
She continued, "Washington supports the Prime Minister's effort to improve the financial sector and make it transparent, which was supported by the dialogue conducted by the US Treasury Department with the Central Bank of Iraq to strengthen the banking and financial sector and improve the Iraqi economic reality, which will benefit Iraq by developing its international relations and attracting investments."
She pointed out that "what was issued by the United States on some banks were not sanctions in the literal sense, but rather were decisions that provided ways and means to strengthen the Iraqi banking system in order to maintain transparency in transactions in general and find good ways for the presence of the dollar in the markets."
She pointed out that "the United States is working with Iraq in various security, economic and environmental sectors, and there was a meeting of the Iraqi-American Coordination Committee that focused on the economic and security files during the visit of high-ranking Iraqi delegations to the United States," stressing that "we are awaiting the visit of Prime Minister Muhammad Shia al-Sudani to discuss "To more opportunities for joint cooperation between the United States and Iraq."
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