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The Central Bank of Iraq begins to open channels of financial cooperation with India

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The Central Bank of Iraq begins to open channels of financial cooperation with India

August 16, 2023
 

    His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received His Excellency the Ambassador of the Republic of India to Iraq, Mr. Prashant Bisai.

During the meeting, they discussed

    strengthening economic and banking relations between Baghdad and Delhi, and the

    desire of the two parties to open bank accounts in accredited Indian banks to facilitate external transfers to cover Iraq's imports,
      which amount to about (4) billion dollars, in a way
      that facilitates and speeds up transfers for Iraqi importing merchants, as well as discussing

    the experience of India. In electronic payment and expanding financial inclusion to advanced levels.


In turn, His Excellency the Ambassador expressed the readiness of the concerned institutions in this field to provide support and training to the staff of the Central Bank of Iraq.

For his part, the Governor of the Central Bank of Iraq expressed his congratulations and blessings on the occasion of the (77th) Independence Day of the Republic of India, praising its experience in its distinguished development journey in all sectors and its attainment of an advanced economic position.

   
    Central Bank of Iraq
    information Office
    August 16, 2023

https://cbi.iq/news/view/2402

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