Iraq and Turkey discuss developing financial and banking relations between the two countries

Economy

25-11-2021, 22:26

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Baghdad-INA

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, discussed today, Thursday, with the Governor of the Turkish Central Bank, Shihab Kavuoglu, the development of financial and banking relations between the two countries.

The Central Bank said in a statement received by the Iraqi News Agency (INA), that "the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mikheeb, met the Governor of the Turkish Central Bank, Shihab Kavuoglu, in Istanbul, at the invitation of the Turkish side," noting that "they were discussed." Developing banking and financial relations between the two countries.

The governor said, during his meeting with his Turkish counterpart, according to the statement: "Our visit aims to develop banking relations between the two countries, support the opening of branches of Iraqi banks in Turkey and open mutual accounts, in a way that contributes to the development of trade relations between the two countries on the basis of reciprocity.".

He called on his Turkish counterpart, to "provide facilities to Iraqi banks in a way that facilitates the settlement of the trade balance between the two countries and the transfer of funds belonging to Iraqis residing in Turkey.".

For his part, the Governor of the Central Bank of Turkey praised the efforts made by the Central Bank of Iraq in developing the national economy, stressing that it is "ready to open the doors of cooperation and facilitate banking operations between the two countries."