The US Treasury appreciates the Iraqi Central Bank’s procedures for contracting with international auditing companies
On Wednesday, the US Treasury Department appreciated the efforts and steps of the Central Bank of Iraq in contracting with international auditing companies to ensure the accuracy and transparency of procedures.
The media office of the Central Bank of Iraq said in a statement, “Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received US Assistant Secretary of the Treasury Elizabeth Rosenberg and her accompanying delegation.”
The statement added, “During the meeting, bilateral relations were discussed and the measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing were discussed, in addition to confirming the continued support provided by the US Treasury and joint efforts to enhance transparency and integrity and implement international compliance instructions in the Iraqi banking system.”
He continued, “The two parties discussed following up on the outcomes and results of previous meetings between the Central Bank of Iraq on the one hand, and the US Treasury Department and the US Federal Bank on the other hand, as well as the possibility of providing technical support in the field of financing foreign trade through solid banking channels with mechanisms that enable the financing of legitimate foreign trade.” In various currencies, including (the euro, the Chinese yuan, and the Emirati dirham), as well as organizing trade movement with the Republic of Turkey.
The statement stressed, “The US Treasury Department appreciated the efforts and steps of the Central Bank of Iraq in contracting with international auditing companies to ensure the accuracy and transparency of the procedures.”