The US Treasury discusses with the Iraqi Central Bank foreign trade in three foreign currencies other than the dollar


On Wednesday, the Governor of the Central Bank of Iraq said that he met with the US Assistant Secretary of the Treasury to address combatting money laundering, terrorist funding, and international commerce in three currencies other than the US dollar.

The bank’s media said in a statement received by Shafaq News Agency that the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received Assistant Secretary of the US Treasury Elizabeth Rosenberg and her accompanying delegation today, explaining that bilateral relations and the Central Bank of Iraq’s measures were discussed during the meeting. Combating money laundering and terrorist funding, as well as assuring the US Treasury’s sustained assistance and cooperative efforts to improve transparency, integrity, and the application of international compliance requirements in the Iraqi financial sector.

According to the statement, the two parties discussed following up on the outcomes and results of previous meetings between the Central Bank of Iraq on the one hand and the US Treasury Department and the US Federal Reserve on the other, as well as the possibility of providing technical assistance in the field of financing foreign trade through reliable banking channels with mechanisms that enable the financing of legitimate foreign trade. In a variety of currencies, including the euro, Chinese yuan, and Emirati dirham, as well as commerce with the Republic of Turkey.

According to the statement, the US Treasury Department praised the Central Bank of Iraq’s efforts and measures in engaging with foreign auditing firms to verify the correctness and openness of operations.

Yesterday, Tuesday, Alina Romanowski, US Ambassador to Iraq, said in a blog post on the X website, “formerly Twitter,” “I am pleased to welcome the assistance of US Treasury Secretary Elizabeth Rosenberg to Baghdad,” adding that she is looking forward to important meetings with government leaders and Central Bank officials. “The Iraqi.”

She said that “progress in combating international money laundering and banking reform will help combat corruption and support international investment in Iraq.”


Please enter your comment!
Please enter your name here