Iraq and Iran sign memorandum of bank cooperation

Twilight News
55 minutes ago

The government of Iraq and Tehran signed a memorandum of cooperation on Wednesday, in the framework of financial intermediation relations between the Central Bank of Iraq and his Iranian counterpart.

In a statement, the central bank said in a statement that in order to expand the scope of cooperation and implementation of the cooperation agreement between the governor of the Central Bank of Iraq and his Iranian counterpart last year, the meeting of the Governor of the Central Bank of Iraq and Faisal Wissam Executive Director of the Commercial Bank of Iraq (TBI) with Hussein Yacoubi is director of international affairs at Iran's central bank in Tehran.

The opening of accounts in the euro currency, setting up mechanisms for the use of local currencies in settling commercial payments and linking the automatic payment system between the two sides, as well as supporting and facilitating the opening of branches of banks and commercial banks in Iran and Iraq and facilitating the process of payment and transfer of passengers and visitors between the two countries Conducting training courses for staff of the two central banks

At the meeting, it was decided to hold the necessary arrangements for holding the joint banking committee, which includes government and private banks of the two countries, a meeting in Tehran within the next two weeks.

The Iranian central said that the two-day negotiations between the Iranian and Iraqi sides ended after signing a memorandum of bank cooperation and studying the minutes of the technical talks.

The bank confirmed that after the study of the organized records, the signing of the relevant agreements in the framework of the joint committee meeting to be held in Tehran.