The Central Bank of Iraq is discussing with Azerbaijan the opening of bank branches and the development of electronic payment systems.
On Thursday, the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, discussed with the Azerbaijani Ambassador to Baghdad, Eldar Selimov, the development of cooperation, including opening bank branches in both countries and activating electronic payment cards.
The Central Bank said in a statement received by Shafaq News Agency that “Al-Alaq received Salimov, and during the meeting, ways to enhance financial and banking cooperation between Iraq and Azerbaijan were discussed, with a focus on developing mechanisms for bilateral financial transfers, especially those related to the banking sector.”
He added that “both sides expressed their desire to expand the scope of banking cooperation, including the possibility of opening bank branches and strengthening financial partnerships, in a way that serves common interests and supports the movement of economic exchange between the two countries. The two sides also discussed the importance of developing the electronic payment card system in a way that contributes to facilitating the movement of travelers and raising the efficiency of financial operations, stressing the smoothness of transactions and their reaching ideal levels.”
He added that “Salimov extended an official invitation to the Governor of the Central Bank of Iraq to participate in the Islamic Development Bank meetings scheduled to be held in Baku from June 16 to 19, 2026.”
Shafaq.com