The National Bank of Iraq reported on Saturday that its designation, headed by Lead representative Ali Al-Alaq, who is as of now visiting New York, has marked an agreement with Oliver Wyman to direct a thorough survey of the states of Iraqi banks, particularly banks restricted from managing in the US dollar.
The company will work to develop practical solutions to reintegrate these banks into the Iraqi and international banking sectors, as well as improve the level of banking procedures to international standards, according to a statement released by the Central Bank of Iraq.
The initiative also aims to make it easier to establish direct banking relationships and to raise the quality of bank services in a way that helps the Iraqi economy, as the business is expected to start up in the near future.
