Thursday, August 29, 2024

Central Bank of Iraq on ‘unannounced’ visit to America, 29 AUGUST

 Shafaq News / An informed source revealed, on Thursday, an unannounced visit of the Central Bank of Iraq that is currently taking place to the United States of America, to discuss the developments in the Iraqi banking sector.

The source told Shafaq News that a delegation from the Central Bank of Iraq, led by the Governor of the Central Bank Ali Al-Alak, and a number of directors general, are visiting the United States of America, since the 26th of this month, to discuss the developments of the banking sector and the restriction on the use of the dollar imposed on a large number of private banks.

He pointed out that the Central Bank delegation discussed the abolition of the platform at the beginning of next year, and relying on correspondent banks, which will increase the imposition of restrictions on Iraqi private banks, and abolishing competition completely in favor of Jordanian banks that have American correspondent banks.

The source pointed out that the Central Bank is close to signing a contract with Oliver and Iman, the consultancy for the Iraqi Development Path, to conduct a study on the reform of the Iraqi banking sector, in order to adopt it by the Central Bank in the coming period, and consider it a roadmap for the reform of the private banking sector.

On the other hand, a number of economists were surprised that the Central Bank of Iraq did not announce the visit to America, especially as it comes at a very important time.

https://shafaq.com/ar/اقتصـاد/البنك-المركزي-العراقي-في-زيارة-غير-معلنة-لى-مريكا

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