Iraq and Saudi Arabia discuss developments in the agreement to avoid double taxation between the two countries
Baghdad, Iraq and Saudi Arabia discussed developments in the agreement to avoid double taxation between the two countries.
The media office of the Governor of the Central Bank of Iraq stated: “Governor Mustafa Ghaleb Mukhaif met with his counterpart, Governor of the Saudi Arabian Monetary Agency, Ahmed bin Abdul Karim Al-Khulaifi, and the meeting, which included a high-level delegation from both sides, concluded discussions in the field of monetary and banking policies between the two countries.”
In an opening speech of the meeting, the Governor of the Central Bank emphasized the possibility of resuming the training of the employees of the Central Bank at the Saudi Arabian Monetary Agency as well as discussing the developments of the opening of the Iraqi Trade Bank (TBI) branch in the Kingdom of Saudi Arabia and the possibility of increasing a number of Iraqi banks in Saudi Arabia to exchange practical experiences. The two sides update on the agreement to avoid double taxation between the two countries.
For his part, the Governor of the Saudi Arabian Monetary Agency called for strengthening the relationship between the two countries, especially in the banking sector, pointing out that Iraq is a good arena for financial dealings, expressing his readiness to open more prospects for cooperation in various fields between the two countries.
Source: National Iraqi News Agency