JPMorgan Sudanese: Ready To Open Accounts For 3 Private Iraqi Banks, 18 JAN

JPMorgan Sudanese: Ready To Open Accounts For 3 Private Iraqi Banks

Earth News / Prime Minister Mohamed Shia Al-Sudani met in Davos, JPMorgan’s Regional CEO for the Middle East and North Africa, Mr. Khalid Hoballah.

The meeting witnessed in a statement for his media office, Earth News, discussed the prospects of cooperation in the financial fields, and the opening of accounts for Iraqi banks, as well as the possibility of the bank’s participation in the government’s efforts to adopt electronic payment applications in Iraqi markets.

They also discussed “coordinating technical efforts between the Central Bank of Iraq and JPMorgan in establishing ideas related to the trading of digital currencies for central banks.”

The Sudanese pointed to “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 Iraq’s move with the steps of financial and banking reform, and to help develop this vital sector.”

For his part, Khaled Hepballah expressed the readiness of JPMorgan Bank to strengthen cooperation with Iraq as a government, with the Central Bank of Iraq, and the Iraqi banking sector, stressing the bank’s direction, as a first stage, to open accounts for three private Iraqi banks.