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The Governor of the Central Bank of Iraq receives the Ambassador of the Federal Republic of Germany to Iraq

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The Governor of the Central Bank of Iraq receives the Ambassador of the Federal Republic of Germany to Iraq
 
October 14, 2024
 
    His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received His Excellency the Ambassador of the Federal Republic of Germany to Iraq, Mrs. Christiane Homann.
 
    During the meeting, banking relations, strengthening the financial inclusion plan in Iraq, and the importance of digital transformation were discussed, in addition to providing full support to Al-Riyadah Bank for financing small projects, which will launch its services soon.
 
    His Excellency the Governor confirmed that there is a great desire by citizens to use electronic cards, which enhances electronic payment in Iraq, as the Central Bank of Iraq has taken many steps in this direction in coordination with the concerned authorities.    His Excellency the Governor confirmed that
 
there is a great desire by citizens to use electronic cards, which enhances electronic payment in Iraq, as the
 
Central Bank of Iraq has taken many steps in this direction in coordination with the concerned authorities. His Excellency explained that
 
Riyada Bank will provide its services to an important segment of customers, as
 
it aims to provide support to emerging small and medium enterprises, as
 
it will be a bank different from other banks
 
     through its non-traditional products that will contribute to creating job opportunities for multiple social groups in society, and
     open new horizons in an environment. Stable investment, noting that
 
there will be representative offices in most Iraqi banks to facilitate customers’ access to it and benefit from its services.
 
The government and private banking sector reform plan was reviewed with direct support from the Prime Minister to achieve a stable, safe and efficient sector.
 
For her part, Her Excellency the German Ambassador expressed her country's readiness to provide consultation and technical support for such important projects that support the common goal of diversifying the Iraqi economy.
      
    Central Bank of Iraq
    Media office
    October 14, 2024
 
https://cbi.iq/news/view/2688   

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