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Iran 's economy reveals a "solution" to the problem of exporters of goods to Iraq

rocky
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Post by rocky on Tue 05 Feb 2019, 2:10 am

[size=32]
Iran 's economy reveals a "solution" to the problem of exporters of goods to Iraq[/size]
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 2 hours ago




The Iranian-Iranian Chamber of Commerce said on Monday that Iranian banks would replace Iraqi money exchange offices to solve the problem of Iranian exporters' exports to Iraq against Iran's central bank.

"With the new decisions taken by the central bank, the problem of national commitments in foreign currency for the exporters of goods to Iraq will be resolved, and with these decisions we will witness," he said, referring to the drop in Iranian exports to Iraq last month. Growing exports to Iraq in the coming months. "

The secretary-general of the Iranian-Iraqi Chamber of Commerce said that a meeting between the Central Bank's Foreign Exchange Department and the Iranian banks operating in Iraq was held. "At the meeting, the Central Bank agreed that Iranian banks instead of Iraqi exchange offices would receive the value of goods exported in foreign currency And the Iraqi dinar.

"Based on this, it is decided that the Iranian exporter will hand over the value of selling its goods in Iraq to the branches of Iranian banks in Iraq and receive them in riyal against the price of the day to exchange foreign currency from branches of Iranian banks, National Bank (Melli) and Parisian," Hosseini said.

"The central bank also agreed to buy these banks on behalf of the central bank from the exporters of the dollar or the Iraqi dinar in Iraq, and the Iranian exporters receive the value of their goods in riyals, so the problem of exporters' commitments to Iraq will be solved in foreign currency," he added.

Hosseini expressed his hope that Iran would be able to maintain the pace of exports to Iraq. "The Iranian Central Bank will hold a meeting in Iraq tonight to resolve the potential problems, and the outcome of the consensus will certainly be announced next week," Hosseini said.

Hosseini said that "yesterday, this issue was communicated verbally to the Bank of Parisan and the Central Bank and will certainly be implemented after coordination required."


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