THE CENTRAL BANK PROVIDES THE NECESSARY SUPPORT TO INTERNATIONAL COMPANIES WISHING TO INVEST IN IRAQ, 29 JAN

 THE CENTRAL BANK PROVIDES THE NECESSARY SUPPORT TO INTERNATIONAL COMPANIES WISHING TO INVEST IN IRAQ

(When the CBI talks, I listen. What are they telling us today?)

Governor of the Central Bank Ali Al-Alaq confirmed today, Sunday, that the Central Bank provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks.

The Central Bank of Iraq stated in a statement: “The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met today with the Vice President of the American Chamber of Commerce, Steve Lutes, and the President of the American-Iraqi Business Council and his accompanying delegation in Baghdad.”

He pointed out that “the meeting discussed banking and economic relations between the two countries  and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the American Chamber of Commerce and American companies next April.”

He continued that “the meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq. The two parties also discussed the mechanisms of international trade and the process of Iraq’s transition to fully operating in external transfers through correspondent banks.”

During the meeting, the governor stressed that “the Central Bank of Iraq supports the economic growth process in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks,” noting “the importance of diversification in investment sectors.”