His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Allaq, met with the Vice President of the American J.P. Morgan Bank, Mr. (Daniel Zeljko) in Baghdad.
The two parties discussed means of cooperation between JP Morgan Bank and the Central Bank of Iraq, and the American bank's willingness to support a number of Iraqi banks in financing foreign trade operations in the US dollar.
Mr. Zelikow praised the recent measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing and the adoption of international standards in money transfers.
His Excellency the Governor of the Central Bank of Iraq called on Mr. Zeljko to open a representative office in Iraq, promising him to provide the necessary support to facilitate this step, as it represents positive repercussions on the Iraqi economy in general and the banking sector in particular while the meeting touched on joint cooperation in the fields of investment management and technical support. training, in various fields.
It is noteworthy that JPMorgan Bank is the largest US bank in terms of financial .assets with assets amounting to about $4 trillion
CBI
Media Office
9 JUNE 2023