Al-Sudani discusses trading in digital currencies with JP Morgan Bank
Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani and the Regional CEO of JPMorgan Bank discussed on Wednesday coordinating technical efforts with the Central Bank of Iraq in establishing ideas related to trading digital currencies for central banks.
The Prime Minister’s media office said, in a statement received by Shafaq News Agency, that the latter “met today, on the sidelines of the Davos Economic Forum in Switzerland, the regional CEO of JPMorgan for the Middle East and North Africa, Khaled Hoballah.”
He pointed out that “the meeting witnessed a discussion of the prospects for cooperation in the financial fields, and the opening of accounts for Iraqi banks, as well as the possibility of the bank participating in the government’s efforts to adopt electronic payment applications in the Iraqi markets.”
He stated, “Discussions took place in coordinating technical efforts between the Central Bank of Iraq and JP Morgan Bank in establishing ideas related to trading digital currencies for central banks.”
The Prime Minister indicated, according to the statement, “Iraq’s aspiration towards the Bank’s cooperation with the Iraq Fund for Development, and the financing it targets to finance private sector projects in Iraq, stressing that Iraq is proceeding with financial and banking reform steps, in a way that helps in developing this vital sector.”
For his part, Khaled Hoballah expressed JP Morgan’s readiness to “strengthen cooperation with Iraq as a government, with the Central Bank of Iraq, and the Iraqi banking sector,” stressing the bank’s intention, as a first stage, to “open accounts for three private Iraqi banks.”
shafaq.com
No comments:
Post a Comment