The National Bank of Iraq declared the cooperation of 13 Iraqi banks in unfamiliar exchange tasks, in numerous monetary forms barring the US dollar.
According to the bank’s statement, their delegation announced “the start of the new phase of foreign transfer operations with the participation of (13) Iraqi banks, in an important step aimed at improving the diversity of currencies and facilitating international transfer operations” in New York.
The assertion made sense of that the increment came “in the wake of agreeing on the components for managing these activities, as it will remember managing for the euro, Chinese yuan, Indian rupee, and Emirati dirham.”
It noted that “determining the scope of work of the international auditing firm E&Y, which will review the transfer operations to ensure their safety and compliance with international standards” was one of the items that needed to be addressed.
