Source: An Iraqi-American agreement to enhance Iraqi bank balances in foreign currencies

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Source: An Iraqi-American agreement to enhance Iraqi bank balances in foreign currencies

A government source revealed on Sunday that Iraq and the US have agreed to increase the balances in dollars of ten banks.

According to a recent press interview source, following the Central Bank’s meetings with the American side, ten banks can directly strengthen their US dollar balance. Five of these banks do so through Citibank, while the other five use different banks, including JP Morgan.

According to the statement, “Thirteen banks will have their balances in Chinese yuan increased through the Singapore Development Bank, while only two banks will have their Indian rupee accounts enhanced. More banks will be included in the next two weeks.”