The visit aims to form a joint team of the Monetary Authority and the Central Bank of Iraq within the framework of the development and activation of banking relations.
During the meeting, they discussed a number of issues of mutual interest and means of developing banking relations in both countries. They also discussed cooperation with regard to remittances, correspondence relations between Saudi banks and Iraqi banks and other banking transactions that provide suitable infrastructure for future economic and investment cooperation between the two countries.
He welcomed the desire of his Iraqi counterpart to benefit from the expertise of the Foundation in the fields of training and transfer of knowledge to colleagues in brotherly Iraq in a number of different areas in the Institute of Finance of the Monetary Foundation, and agreed to communicate continuously to identify mechanisms of cooperation in this area.
The visit comes as part of several visits and bilateral meetings between the officials of both countries as a culmination of the strategic relations process, and paved the way for new horizons of joint and fruitful cooperation between the two countries.
The meeting was attended by the Deputy Governor of the Saudi Arabian Monetary Agency for Research and International Affairs, Dr. Fahad bin Ibrahim Al-Shathri, and a number of officials of the Foundation, while attended by Iraqi Ambassador to Riyadh Dr. Rushdi Al-Ani, Executive Director of the Association of Iraqi Banks and a delegation of officials of the Central Bank of Iraq, And senior banking officials in Iraq.