Joint Statement of the Central Bank of Iraq and the Central Bank of Tunisia
May 25, 2025
Within the framework of strengthening bilateral relations and consolidating cooperation between the Republic of Iraq and the Republic of Tunisia, His Excellency the Governor of CBI, Mr. Ali Mohsen al-Alaq, met in the Iraqi capital, Baghdad, with His Excellency the Governor of the Central Bank of Tunisia, Mr. Fathi Zuhair al-Nouri. The meeting took place on the sidelines of the conference:"The Iraqi National Strategy for Financial Inclusion 2025-2029: Vision and Diagnosis," organized by CBI.During the meeting, a memorandum of cooperation and coordination was signed between CBI and the Central Bank of Tunisia, expressing both sides' commitment to developing joint frameworks, and consolidating the principles of banking integration, in light of the evolving economic relations between the two brotherly countries.The memorandum stipulates strengthening cooperation in several areas, most notably:• Banking supervision and risk management in line with international standards.• Promoting and expanding the use of electronic payment systems to support financial inclusion.• Overseeing payment systems and exchanging expertise on developing their technical infrastructure.• Exchange of information and expertise in the fields of financial innovation, cybersecurity, and combating money laundering and terrorist financing.This visit provided an opportunity for both sides to discuss financial issues of mutual interest and explore opportunities for joint cooperation in developing the banking sector's infrastructure, particularly with regard to modernizing and developing electronic payment systems and financial services, which reflect both sides' commitment to strengthening channels of dialogue, and technical and regulatory cooperation with their counterparts regionally, Arab countries, and internationally.Through this partnership, both sides affirmed their continued efforts to keep pace with developments in international banking and build strategic cooperative relations that contribute to achieving financial stability and supporting economic growth between the two brotherly countries.Facebook Platform:Twitter Platform (X):Official Website:Complaints Platform:
