Iraq and Saudi Arabia exchange the opening of a branch bank in Baghdad and Riyadh

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Iraq’s central bank governor Ali al-Alak announced on Thursday the opening of a branch of the Iraqi Bank for Trade in Saudi Arabia, adding that Riyadh would also decide to open a branch of one of its banks in Iraq.
“The monetary relations between Iraq and the Kingdom are good, and soon a branch of the Iraqi Bank for Trade will be opened in Saudi Arabia in order to facilitate the trade exchange between the two brotherly countries,” al-Alaq said in a statement to the Riyadh newspaper.
Al-Alak added that “Saudi Arabia will also decide to open a branch of one of its banks in Iraq soon, which will ease the economic relations between the two countries.”

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