INA - BAGHDAD
Central Bank of Iraq (CBI) Governor Nizar Nasser Hussein emphasized the importance of implementing the banking reform plan to the Chargé d'Affaires of the US Embassy, Joshua Harris, on Wednesday.
Hussein received the Chargé d'Affaires of the US Embassy in Iraq, Joshua Harris, who congratulated the Governor on assuming his post, CBI Governor's Media Office stated in a press release received by the Iraqi News Agency - INA.
The meeting addressed prospects for strengthening the strategic partnership and common issues between the two countries, and emphasized the importance of supporting monetary and economic stability, in line with the requirements of political and security stability in Iraq.
“The United States' commitment to strengthening its relations with Iraq and supporting all efforts that would consolidate stability and protect the country from any factors that could destabilize it,” Harris affirmed.
He commended the "significant reform initiatives undertaken by the Central Bank of Iraq and the distinguished and productive relationship it maintains with the US Treasury Department and the Federal Reserve."
In turn, the Governor expressed his "appreciation for the relationship between the Central Bank of Iraq and the United States," explaining "the importance of implementing the banking reform plan and working to align it with the interests of the Iraqi banking sector, in accordance with international standards related to foreign exchange transactions and regulating the sale of dollars according to best practices applicable to the banking sector."
Harris expressed his "full readiness to continue supporting the efforts of the Central Bank of Iraq, enabling it to achieve its objectives in strengthening financial and monetary stability."
