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US banks want to invest in Iraq, central bank will provide support
1/26/2025
Baghdad -
Today, Sunday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed with the Vice President of the American Chamber of Commerce, Steve Lutes, the banking and economic relations between the two countries, in addition to the desire of American companies and banks to invest in Iraq, while Al-Alaq confirmed that the Central Bank will provide the necessary support to those companies and banks.
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received Mr. Steve Lutes, Vice President of the American Chamber of Commerce and Chairman of the US-Iraq Business Council, and his accompanying delegation in Baghdad.
During the meeting, they 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 US Chamber of Commerce and American companies next April.
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 in Iraq.
During the meeting, His Excellency 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.
The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operating foreign transfers through correspondent banks.
