PM Meets In Davos With The Regional CEO Of JPMorgan

Baghdad / NINA / -Prime Minister Muhammad Shiaa Al-Sudani met in Davos with the Regional CEO of JP Morgan Bank for the Middle East and North Africa, Khaled Hoballah.

An official statement stated that the meeting witnessed a discussion of prospects for cooperation in the financial fields, and the opening of accounts for Iraqi banks, as well as the possibility of the bank participating in the government’s efforts to adopt electronic payment applications in the Iraqi markets.

The statement added, "Discussions took place in coordinating technical efforts between the Central Bank of Iraq and JP Morgan Bank in establishing ideas related to trading digital currencies for central banks."

The Prime Minister indicated, "Iraq's aspiration towards the Bank's cooperation with the Iraq Fund for Development, and the financing it targets to finance private sector projects in Iraq, stressing that Iraq is proceeding with financial and banking reform steps, in a way that helps develop this vital sector."

For his part, Khaled Hoballah expressed “GB Morgan’s readiness to enhance cooperation with Iraq as a government, with the Central Bank of Iraq, and the Iraqi banking sector, confirming the bank’s intention, as a first stage, to open accounts for three private Iraqi banks.”/ End