Baghdad The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, confirmed today, Friday, that the Iraqi economy is achieving good growth.
A statement by the Central Bank stated that “Makheef met, head of the Banking Licensing and Supervision Authority in Turkey, Mehmet Akban, on the sidelines of the invitation addressed to him by the Turkish Central Bank during his official visit to the Republic of Turkey, accompanied by a number of heads of Iraqi private bank.”
The statement added, “The two parties discussed the importance of joint interaction and the exchange of experiences between Iraq and Turkey, and the governor stressed the need to develop banking relations between Iraqi and Turkish financial institutions, in addition to supporting Iraqi banks wishing to open branches in Turkey in accordance with the principle of reciprocity, in addition to stimulating the branches of licensed Turkish banks in Iraq to develop their business and presence in the Iraqi market.
The Governor of the Central Bank of Iraq said, according to the statement, that “the Iraqi economy is achieving good growth, according to indicators issued by global institutions such as the International Monetary Fund and the World Bank, therefore Iraqi banks have the ability to be present in more than one country such as Turkey and others,” adding that “The Central Bank has worked over the past period to support the economy through banks, and this helped the development of Iraqi banks.
Source: National Iraqi News Agency