Governor of the Central Bank of Iraq participates in the meeting of Governors of the Arab Monetary Fund

Governor of the Central Bank of Iraq participates in the meeting of Governors of the Arab Monetary Fund



04/11/2018

Economy News Baghdad:

The Governor of the Central Bank of Iraq, Ali Mohsen Ismail and the accompanying delegation representing Iraq with the Ministry of Finance participated in the 41st annual meeting of the Board of Governors of the Arab Monetary Fund held in the Dead Sea area of ​​the Hashemite Kingdom of Jordan for the period 10-11 April 2018.

The central bank said in a statement published on its website and read by the "Economy News" that "during the meeting, a number of important topics were discussed. The most important of these was the system of settlements and clearing for Arab payments, which will provide an environment of financial transfers between the Arab countries and thus promote Arab trade and inter-Arab economic integration."

For its part, the Fund paid great attention to the achievement of cooperation and exchange of experiences in the field of monetary policies among the Arab countries and coordination of their positions in international forums and meetings as well as strengthening coordination between central banks and Arab monetary institutions in various fields related to the work of these banks.

He also stressed the assistance in exchanging experiences and experiences between central banks, and thus these steps will achieve monetary cooperation among Arab countries in order to reach a common formula in the construction of monetary policies.

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