German Bank to Collaborate with CBI on Int’l Payments …

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German Bank to Collaborate with CBI on Int'l Payments ...

The crucial bank of Iraq (CBI) Governor, Ali Mohsen Al-Allaq, met in Baghdad with the representative of Institutional customers and international Transaction Banking at Germany’s Commerzbank, to discover avenues for strengthening bilateral economic cooperation.

Discussions centered on increasing banking relations among Iraqi banks and Commerzbank to guide monetary hobby and deepen economic ties between Iraq and Germany. both aspects emphasised the importance of technical understanding trade and growing collaboration in areas such as exchange finance, worldwide bills, and correspondent banking-key steps towards enhancing the performance of Iraq’s financial device and its integration with the ecu banking sector.

The meeting concluded with a reaffirmation of the 2 institutions’ commitment to persevered coordination and session, geared toward reinforcing Iraq’s international monetary standing and enhancing its external banking members of the family in keeping with worldwide standards.