Iran reveals the volume of its exports to Iraq and promised from Baghda

2/17/2019

{International: Euphrates News} The governor of the Central Bank of Iran, Abdel Nasser Hamati, revealed an Iraqi promise to his country.


"The Islamic Republic has close ties with the Republic of Iraq," Hamati said in a press statement during an economic meeting in the western province of Kurdistan, adding that "Iraqi officials have promised to provide facilities for Iranian exporters."

He stressed that "the need to turn the Iranian province of Kurdistan to an export platform to the Kurdistan region of Iraq, taking into account the advantages, saying that the production units must not face any liquidity problems."

Hamati pointed out that "our exports to Iraq now amounts to about 12 billion dollars, and may increase this figure to 20 billion dollars," adding, "Given the potential of the province of Kurdistan in different parts of them, officials should be planning in the province, to convert to an export platform to Iraq" .

The governor of the Central Bank of Iran, Nasser Hamati, visited Baghdad earlier this month and agreed with his Iraqi counterpart Ali al-Aalak to "determine a mechanism for financial payment between the two countries.

"With respect to Iraq’s debts to Iran’s gas and electricity exports to Iran, we signed after 4 hours of talks an important agreement with the Central Bank of Iraq to address the obstacles of money transfer and debt repayment," Hamati added.

He pointed out that "Based on the consensus, the monetary and banking relations between us and Iraq will be within the framework of the euro and dinar, where the Central Bank of Iran will calculate in Iraq on the basis of the dinar and the euro will be completed banking transactions through Iraqi banks."

"The people of Iraq have suffered from the blockade and are aware of the damage done to the people, and Iraq will not be part of the sanctions regime against Iran and any other people," Prime Minister Adel Abdul Mahdi said in a speech on the sixth of this month.

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