HEADLINES:

KRG minister, US congressman discuss establishment of banking system

A meeting between Kurdish Finance and Economic Minister Rebaz Hamlan and US Rep. Thomas Garrett (R, VA) in Erbil, the Kurdistan Region, November 19, 2018.
2018-11-19

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SULAIMANI — Kurdistan Regional Government (KRG) Minister of Finance and Economy Rebaz Hamlan discussed the establishment of a modern banking system in the Region with US Rep. Thomas Garrett (R-VA) during a meeting in Erbil on Monday, according to a statement by the ministry.

The congressman suggested that the establishment of banking system for the Kurdistan Region would help to the Region to develop economically, the statement said.

Hamlan cautioned that the establishment of the system would require cooperation with the central government and the Central Bank of Iraq.

“The United States should assist [us] in preserving the constitutional rights of the Kurdistan Region’s people and the Iraqi government should send the financial rights due to the Region’s people,” Hamlan said.

The US congressman also met with Chancellor of the Kurdistan Region’s Security Council Masrour Barzani on Saturday.

The two sides discussed religious freedom and the situation of the Iraq's displaced persons living in the Kurdistan Region, according to a statement by the Region’s Security Council that was posted on its official Facebook page.

(NRT Digital Media)