Senior officials of Iraq’s banks are meeting with U.S. and international finance experts to learn the latest banking practices and to meet with potential U.S. business partners.
The delegation includes a deputy governor of the Central Bank of Iraq as well as representatives from 12 privately owned Iraqi banks.
The itinerary for the trip includes meeting with members of the Federal Reserve Bank of New York, the Arab Bankers Association of North America, the Institute of International Bankers, the U.S. Department of Treasury, the International Monetary Fund, the World Bank and the International Finance Corporation.
The visitors will also meet with members of the American business community to promote investment opportunities and business partnerships.
The press release highlights several steps that have already been taken to ensure the development of a sound banking sector in Iraq, including the enactment of modern legislation to govern the central bank, the introduction of a new currency, and the liberalization of interest rates.