The Central Bank signs a memorandum of understanding with the Emirates Bank

by **RamblerNash** Sun Dec 12, 2021 10:29 pm

Central Bank Governor Mustafa Ghaleb Makheef with his Emirati counterpart Khaled Muhammad Balama

12/12/2021

Economy News _ Baghdad

Today, Sunday, the Central Bank announced the signing of a memorandum of understanding with the Central Bank of the United Arab Emirates.

A central bank statement received by Al-Iqtisad News stated that "the governor of the Central Bank of Iraq, Mustafa Ghaleb, met with the governor of the Central Bank of the United Arab Emirates, Khaled Muhammad Balama."

The statement indicated that "the two sides signed a memorandum of understanding on enhancing cooperation and developing banking relations between the two brotherly countries," noting that "the two sides stressed the importance of developing banking relations, training cadres, facilitating the transactions of the private banking sector on both sides, and opening opposite accounts in a manner that ensures that international standards are followed and that due diligence is taken. Duty in accordance with anti-money laundering and terrorist financing laws.

And he continued, "The meeting was attended by a number of officials of the Central Bank of Iraq and their counterparts from the Central Bank of the United Arab Emirates."

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