The Central Bank of Iraq hosted a delegation from the American Chamber of Commerce and the US-Iraq Business Council in Baghdad to review bilateral banking and economic relations and prepare for the Central Bank’s planned visit to Washington in April for meetings with the Chamber and US companies. Discussions covered American companies’ interest in investing in Iraq’s energy, infrastructure and modern technology sectors. Governor Ali Mohsen Al-Alaq indicated the Central Bank would support international companies, including US companies and banks, seeking to invest in Iraq and highlighted the importance of diversifying investment sectors. The agenda also included international trade mechanisms and Iraq’s transition to fully processing foreign transfers through correspondent banks. The Washington meetings are planned for April.
Central Bank of Iraq 2025-01-26
Central Bank of Iraq discusses US investment plans and shift to correspondent-bank foreign transfers with American Chamber of Commerce
The Central Bank of Iraq hosted a delegation from the American Chamber of Commerce and the US-Iraq Business Council to discuss bilateral banking and economic relations, focusing on American investment in Iraq's energy, infrastructure, and technology sectors. Governor Ali Mohsen Al-Alaq emphasized support for international companies and the importance of diversifying investment, with further meetings planned in Washington in April.