Central Bank signs memorandum of understanding with Emirates Bank

Baghdad-INA


The central bank signed on Sunday a memorandum of understanding with the Central Bank of the United Arab Emirates.
 
"Central Bank of Iraq Governor Mustafa Ghaleb has met with The Governor of the Central Bank of the United Arab Emirates Khaled Mohammed Mokhif ," the central bank said in a statement received by the Iraqi News Agency (INA).
 
"The two sides signed a memorandum of understanding on strengthening cooperation and developing banking relations between the two brotherly countries," the statement said, adding that "The two sides stressed the importance of developing banking relations, training cadres, facilitating the dealings of the private banking sector on both sides, opening opposite accounts to ensure that international standards are followed and due diligence is taken in accordance with anti-money laundering and terrorist financing laws.”
 
"The meeting was attended by a number of central bank officials and their counterparts from the Central Bank of the United Arab Emirates," he said.