CBI and England Bank Governors discuss investment transactions increase

INA - Baghdad

The Governor of the Central Bank - CBI, Mustafa Ghalib met on Wednesday, the Governor of the Bank of England and discussed the increase of the volume of investment transactions.

The meeting dealt with ways to develop banking relations and increase the volume of investment transactions between the two countries, as well as emphasizing the importance of cooperation in the areas of combating money laundering and terrorist financing, as well as overcoming obstacles that hinder the process of opening branches for foreign banks operating in Iraq, according to a statement received by the Iraqi News Agency (INA).

The governor met, within the framework of his visit to the United Kingdom, with the two international auditing companies Ernst & Young and PWC, where he discussed with them enhancing the volume of work with the Central Bank of Iraq because of these companies' experience and reliability, stressing his keenness to maintain the relationship with them during the coming period.

The meetings of the Governor were concluded with the Secretary General of the European Bank for Reconstruction and Development (EBRD).

The meeting included discussing the final requirements for Iraq's accession to the European Bank, as well as their desire to deal with private Iraqi companies and banks.