The Central Bank signs a memorandum with Visa International tomorrow

The Central Bank of Iraq announced that it will sign a memorandum with Visa International on Wednesday to grant its legal framework within Iraq.

"On Wednesday, the central bank will sign a memorandum of understanding with Visa International that will provide the legal framework for the company in terms of providing services, consultancy and support to the banking and financial sector," said Central Bank Payments Department Director, Duha Abdel Kareem.

"The presence of Visa International in Baghdad will make a positive change on the economic market," adding that "the central bank has steps to support competition between international financial companies."

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