CBI reveals the results of its meeting with the Federal Reserve and the US Treasury

Baghdad-INA 

The Central Bank of Iraq revealed, today, Saturday, the results of its meeting with the US Federal Reserve Bank and the US Treasury Department.

The bank said in a statement received by the Iraqi News Agency (INA): "The delegation of the Central Bank of Iraq met for long hours with each of the delegations of the US Federal Reserve Bank and the US Treasury Department in Washington, DC," noting that "the two parties expressed their willingness to work jointly to face the challenges of working on the platform." electronic transfers and cash.

He added, "The delegation of the US Federal Reserve Bank and the US Treasury discussed a number of support and attribution mechanisms for the Central Bank of Iraq, in a way that enhances its capabilities to deal flexibly with crises during this stage."

The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed, "The bank's intention to launch the second package of facilities that would enhance the stability of the exchange rate."

While the US Federal Reserve indicated, according to the statement, that:

The Assistant Deputy Secretary of the US Treasury indicated "ways to fully support the efforts of the government of Iraqi Prime Minister Muhammad Shia' al-Sudani in economic reform, and the readiness of the US Treasury Department to provide the required support.".

The statement continued, "The meeting listened to a presentation by the Governor of the Central Bank of Iraq regarding the bank's directions in achieving its most important goals to ensure general stability in prices, and options and proposals in the field of accelerating, expanding and smoothing the work of the electronic platform for external transfer.".