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Article: "Economist talks about new measures after stopping transfers"
Quote: "the Governor of the Central Bank of Iraq, Ali Al-Alaq, in New York over three days with US Treasury officials gave a new boost and confidence to the Iraqi banking system...
The Central Bank of Iraq will stop dealings with foreign correspondent banks in the future and reduce reliance on them, after developing the Iraqi banking relations network...and gradually ending work on the electronic platform for transfers and replacing it with direct banking relations between Iraqi banks and the network of international correspondent banks."
Article: "Central Bank of Iraq makes progress in reforming banking sector"
Quote: "US Ambassador to Iraq Alina Romansky confirmed [via tweet]...the Central Bank of Iraq has made progress in reforming the banking sector...
We commend the progress made by Iraq and the Central Bank of Iraq in reforming the Iraqi banking sector in partnership with the US Treasury and the Federal Reserve during recent meetings in New York, where the two parties discussed ways to cooperate to enhance transparency and integrity in the Iraqi banking sector."
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