Iraq and Saudi Arabia exchange the opening of a branch bank in Baghdad and Riyadh


BAGHDAD (Reuters) – Iraq’s central bank governor Ali al-Alak announced on Thursday the opening of a branch of the Iraqi Bank for Trade in Saudi Arabia, adding that Riyadh would also decide to open a branch of one of its banks in Iraq.

Al-Alaq said that the monetary relations between Iraq and the Kingdom are good and soon a branch of the Iraqi Bank for Trade will be opened in Saudi Arabia to facilitate the trade exchange between the two brotherly countries.

“Saudi Arabia will also decide to open a branch of one of its banks in Iraq soon, which will ease the economic relations between the two countries,” he added.

http://www.ikhnews.com/index.php?page=article&id=166038

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