The Governor Of The Central Bank And The French Ambassador Discuss Developments In The Banking Sector
May 09, 2024 The Governor of the Central Bank and the French Ambassador discuss developments in the banking sector His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received His Excellency the French Ambassador in Baghdad, Mr. Patrick Durel.
The meeting discussed ways to strengthen banking relations between the two countries, and
His Excellency the Governor gave a comprehensive explanation of the relations and economic conditions, as well as the government’s directions in consolidating the foundations of the national economy and diversifying it in light of the state of security stability achieved in Iraq,
explaining the plan to restructure government banks that enjoys regular support and follow-up from Before the Prime Minister, indicating that this plan will change the map of the banking sector and its reality in Iraq.
His Excellency also pointed to the rapid developments in organizing, monitoring and analyzing foreign transfer operations and covering foreign trade in accordance with best international practices and standards, which are receiving great praise and attention from international and regional organizations.
For his part, His Excellency the Ambassador expressed satisfaction with the developmental and economic developments he observed in Iraq, especially during his tour of the provinces,
expressing his country's readiness to strengthen and develop banking relations with Iraq,
explaining that economic relations between the two countries are growing at the level of entry of French companies and the use of their expertise in investment projects.
His Excellency the French Ambassador invited His Excellency the Governor of the Central Bank of Iraq, after making the necessary arrangements, to visit the financial and banking institutions in France, especially the Central Bank of France.
It is noteworthy that the Central Bank of Iraq owns deposits and accounts with the Central Bank of France, and they have had distinguished cooperation relations over many years.
Central Bank of Iraq information Office May 9, 2024 https://cbi.iq/news/view/2574
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