AL-ALAQ DISCUSSES WITH HIS TURKISH COUNTERPART THE LAUNCH OF NEW MECHANISMS FOR TRADE TRANSFERS BETWEEN THE TWO COUNTRIES, 19 NOV

AL-ALAQ DISCUSSES WITH HIS TURKISH COUNTERPART THE LAUNCH OF NEW MECHANISMS FOR TRADE TRANSFERS BETWEEN THE TWO COUNTRIES

The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, discussed with his Turkish counterpart, the Governor of the Central Bank of Iraq, Fatih Karahan, the launch of new direct mechanisms for trade transfers between the two countries.

The Central Bank’s media stated in a statement received by “Al-Eqtisad News” that “Al-Alaq and the accompanying delegation met with his counterpart, the Governor of the Turkish Central Bank, Fatih Karahan, in Istanbul.”

The two parties discussed “the launch of new direct mechanisms for trade transfers between Iraq and Türkiye, marking the beginning of a new phase in strengthening banking relations between the two neighboring countries.”

During the meeting, the governor stressed “cooperation in the field of settlements for users of Iraqi cards in Turkey, and urging Turkish banks to open accounts for Iraqi banks to expand financing channels for importing goods and services from neighboring Turkey.”