The primary financial institution introduced, today, Sunday, the details of its conferences with america Treasury and the usa Federal Reserve.
The valuable financial institution said in a statement received by using / dinaropinions.com, that “the primary quarterly meetings for the year 2025 with the united states Treasury and america Federal Reserve, which were held in Dubai with the participation of worldwide auditing and consulting firms (EY, K2 Integrity, Oliver Wyman), ended and the conferences had been topped with reward for the steps taken by way of the crucial bank of Iraq and the Iraqi government to reform the banking area.”
He delivered that “the maximum essential steps that have been taken are the development of the cash distribution gadget for the usa greenback in Iraq, which they considered the maximum managed and managed machine inside the world, which limits manipulation and smuggling of the usa dollar.”
The important financial institution defined that “the consulting corporations (EY and Oliver Wyman) reviewed the plans to reform the public and private banking area and upgrade it in keeping with worldwide requirements and to facilitate the involvement of Iraqi banks in the international economic relations network.
The crucial bank harassed, in keeping with the announcement, “the want to make certain the adoption of the reputable channels of this financial institution to recognize the modern news and now not to transmit wrong news together with the exposure of a few Iraqi banks to international sanctions and others, due to the fact the operations finished by way of banks running in Iraq rely largely at the confidence of worldwide correspondent banks in the Iraqi banking quarter.”
