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Someone keeps trying in Iraq

by Del McMullen / June 9, 2004 5:30 AM PDT

NOTE: The following was received via full text e-mail direct from CPA Public Affairs, Iraq. There is no 3d party involvement. This was not lifted from any web site, consequently "no link". There are no copyright considerations.

NEWS RELEASE

Coalition Provisional Authority

Iraqi Private Bankers to Meet With International Bankers

Wednesday, June 9, 2004 -- Today Deputy Governor of the Central Bank of Iraq, Haji Faleh Dawood Salmon lead a delegation of 20 Iraqi private bankers to the United States on a one-week visit to meet with members of the U.S., Arab and international financial community.

?This trip is an extremely important opportunity for Iraq as it gives Iraqi private banks an opportunity to meet with the international community, which will result in additional investment in our banks and continue to further Iraq?s economic recovery after 35 tyrannical years,? said Haji Faleh Dawood Salmon.

The Iraq bankers are traveling as members of the newly-formed Private Bankers of Iraq (PBI) which was established on May 5, 2004 to respond to the common banking industry opportunities and to represent the interests of the Member banks to the regulators, elected representatives and all other constituencies.

The purpose of the trip is to introduce the members of Iraq?s private banks to members of the international banking community, which will result in additional investment in Iraqi banks, giving them the capital and expertise they need to resurrect the banking system in Iraq.

The PBI delegation will travel to New York to meet with the New York Federal Reserve, as well as members of the US, Arab and international banking industry. During the trip, which was funded by the U.S. Trade Development Agency, the delegation will also participate in meetings at the Treasury Department and at the IFC/World Bank.

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