Governor of the Central Bank of Iraq has made great efforts to get out of the gray area


 

Baghdad:

The governor of the central bank on the Keywords, on Wednesday, that the central bank is waiting for Iraq to complete his studies on projects in order to provide funding, noting that Iraq has made great efforts to get out of the gray zone in the classification of the recent Financial Action Organization.
Keywords and said in a press statement seen by “Economy News”, “the central bank is waiting for the completion of Iraq for his studies on projects in order to provide funding, adding that the 9 million grant to the dollar for the extraction of gas are part of the project support plan in the country.”
Keywords confirmed, that “Iraq has made great efforts to get out of the gray zone in the classification of the recent financial work organization, noting that the World Bank to impose conditions on the banks of Iraq to fight (money laundering).”
The Governor of the Central Bank explained that “Iraq managed and in coordination with the US authorities to prosecute hundreds of financial transactions that are riddled with suspicions of terrorism.”
It is noteworthy that both the World Bank and the IMF, are carrying out a review of the program to improve the performance of the Iraqi economy, allowing Baghdad to obtain billions of dollars in loans from financial institutions and donor countries to address the liquidity crisis resulting from lower oil prices and the requirements of Daesh war.
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