INSUBCONTINENT EXCLUSIVE:
2023-09-13T13:13:18+00:00 Share fontEnable Reading ModeA-AA+Shaafq News / The Iraqi Central Bank (CBI) Governor, Ali Mohsen al-Alaq, met
with US Treasury Assistant Secretary Elizabeth Rosenberg and her accompanying delegation on Wednesday
Discussions included combating money laundering, terrorist financing, and foreign trade in three foreign currencies other than the US
dollar.In a statement, CBI's Governor highlighted bilateral relations and discussed the measures taken by the bank to combat money
laundering and terrorist financing
He also confirmed ongoing support from the US Treasury and joint efforts to enhance transparency, integrity, and the application of
international compliance standards in the Iraqi banking system.The statement further noted that both parties reviewed the outcomes of
previous meetings involving the CBI, the US Treasury, and the Federal Reserve
They discussed the possibility of providing technical support for foreign trade financing through reputable banking channels using various
currencies, including the Euro, Chinese Yuan, and UAE Dirham
Additionally, they discussed regulating trade with Turkey.According to the statement, the US Treasury Department commended CBI's efforts and
steps in contracting with international auditing firms to ensure the accuracy and transparency of procedures.Yesterday, US Ambassador to
Iraq, Alina Romanowski, welcomed US Treasury Assistant Secretary Elizabeth Rosenberg in Baghdad, expressing her anticipation for important
meetings with government officials and officials from the CBI
She emphasized that progress in international anti-money laundering and banking reform would help combat corruption and support
international investment in Iraq
