Economy News – Baghdad
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, said on Thursday that the plan to restructure government banks will change the map of the banking sector in Iraq.
The media office of the Central Bank said in a statement received by Al-Iqtisad News, “The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received His Excellency the French Ambassador in Baghdad, Mr. Patrick Durel.”
He added, “The meeting discussed ways to strengthen banking relations between the two countries,” noting that Al-Alaq “provided a comprehensive explanation of the relations and economic conditions, as well as the government’s directions in consolidating the foundations of the national economy and diversifying it in light of the state of security stability achieved in Iraq.”
The statement quoted Al-Alaq as saying, “The plan to restructure government banks is supported and monitored regularly by the Prime Minister,” noting that “this plan will change the map of the banking sector and its reality in Iraq.”
The statement continued, “The rapid developments in organizing, monitoring and analyzing foreign transfer operations and covering foreign trade in accordance with best international practices and standards, which are receiving great praise and attention from international and regional organizations.”
He stressed that “the French ambassador expressed satisfaction with the developmental and economic developments he observed in Iraq, especially during his tour of the provinces,” expressing “his country’s readiness to strengthen and develop banking relations with Iraq,” explaining that “economic relations between the two countries are growing at the level of entry of French companies and the use of their expertise.” In investment projects.
The French ambassador, in a statement, invited the Governor of the Central Bank of Iraq, after making the necessary arrangements, to visit the financial and banking institutions in France, especially the Central Bank of France.
It is noteworthy that the Central Bank of Iraq owns deposits and accounts with the Central Bank of France, and they have had distinguished cooperation relations over many years.
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Added 05/09/2024 – 6:59 PM
Search 4 Dinar 
I find it amazing that since Iraq 🇮🇶 has finally reclaimed its sovereignty and wanting to build a wonderful future for its people plus the Dinar soon to be pegged 1 IQD to ~ $3 USD, the US banks, US, French, Europe governments, now want a piece of the action. Well Al Sudani and his Government should tell these leaches to stay away because they’re the reason Iraq 🇮🇶 has been like this for 20+ years.
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that aint gonna happen without IMF and WB.
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