The central bank announces the details of its meetings with the Treasury and the US Federal Reserve
The Central Bank announced on Sunday the details of its meetings with the US Treasury Department and the Federal Reserve, which witnessed praise for the reform measures taken by the Central Bank and the Iraqi government in the banking sector.
The bank said in an official statement received by {Al-Furat News} that “the meetings praised the development of the US dollar cash distribution system in Iraq, and described it as “the most controlled and controlling system in the world,” because of its role in reducing manipulation and dollar smuggling operations.”
The statement explained that “the reforms also included a paradigm shift in external remittances, as the central bank took measures to address the risks associated with these operations, to reach levels comparable to transfers implemented by international banks.”
The bank pointed out that “the international consulting companies (EY and Oliver Wyman) presented during the meetings plans to reform the public and private banking sector, in line with international standards, and support the involvement of Iraqi banks in the global financial network.”
https://alforatnews.iq/news/البنك-المركزي-يعلن-تفاصيل-اجتماعاته-مع-الخزانة-والفيدرالي-الأمريكيين
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