Central Bank Governor Ali Al-Alak announced on Thursday the launch of financial transfers to Turkey according to a new mechanism carried out in the euro currency.
A statement from his office, a copy of which was received by {Euphrates News}, said: “Al-Alak received the Ambassador of the Republic of Turkey to Iraq, Anil Bora Inan, along with a delegation of representatives of Turkish banks operating in Iraq.”
He added, “The meeting coincides with the launch of financial transfers to Turkey, according to a new mechanism carried out in the euro currency and implemented inside Turkey through its banks, and this mechanism, which is applied for the first time, would simplify the processes of covering trade with high flow and speed.”
The statement continued, “The attendees discussed ways to provide the requirements of the new mechanism; in order to make it successful and accommodate the large number of merchant transfers and the business sector, while the representatives of banks expressed their readiness to implement the new mechanism and provide regulatory and supervisory requirements in coordination with the International Audit Company, and also indicated their efforts in the framework of expanding their channels with approved correspondent banks.”
https://alforatnews.iq/news/بعملة-اليورو-العلاق-يعلن-يطلق-آلية-جديدة-للتحويلات-المالية-إلى-تركيا
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