Central Bank Governor presents large financial projects in cooperation with private and government banks
June 18, 2023
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the periodic meeting of governmental and private banks.During the meeting, which was attended by bank departments, His Excellency confirmed a number of projects that are consistent with the requirements of the economic reality in Iraq, explaining that these projects establish a qualitative shift in the Iraqi economy and enhance its stability, revealing at the same time the project to establish a Riyada Bank, and the project to establish a loan guarantee company that facilitates the lending process for medium, small and micro enterprises, as well as the direction of the Central Bank of Iraq, in cooperation with the government and the contribution of the financial, banking and business sector, to establish a city of financial and business center in Iraq"."His Excellency participated in the discussions put forward by a group of banks regarding the Central Bank's initiatives, the relationship between banking institutions and customers, and what is related to developing mechanisms for entering the electronic platform for selling foreign currency.His Excellency noted the possibility of opening new channels for external transfers and to higher rate of daily transfers.CBIMedia Office18 JUNE 2023
