The Central Bank: The Banking Sector Is Making Progress At Various Levels

ECONOMIC

LAST UPDATE 07/22/2022 | 4:20 PM

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Information/Baghdad…

Central Bank Governor Mustafa Ghaleb Mikhaif confirmed that the banking sector is making progress on various levels.

A statement by the Central Bank, received by the “Information” agency, stated that “Makhif met his French counterpart, Francois Villeroy de Gallo, in Paris and discussed with him the development of banking relations between the two countries.”

And he said that he “discussed with de Gallo global economic developments, emphasizing the development of banking and economic relations between the two countries, and that France should be the starting point of the Iraqi banking sector towards Europe,” stressing that “this sector is making progress on various levels, such as banking services and the rest of the indicators that It is constantly rising.”

He added that “the two sides discussed the file of combating money laundering and financing terrorism and developing human resources working in the banking sector with international institutions.”

For his part, the Governor of the French Central Bank praised “Iraq’s efforts in developing combating money laundering and financing terrorism and developing banking relations between the two countries,” noting that “the French banking sector is open to its Iraqi counterpart, especially with regard to facilitating transfers and banking relations.”

On the other hand, His Excellency the Governor met “a number of French banks and companies, urging them to cooperate with Iraqi institutions and invest inside Iraq,” stressing that “the Iraqi banking sector is able to meet the requirements of French companies and facilitate their tasks, with the Central Bank of Iraq’s desire for France to be a starting point. The banking sector is heading towards Europe to establish a network of distinguished banking relations.” End/25

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