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New economic scandal .. Tehran announces the solution of a chronic financial problem with the help of Iraq
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In a new escalation of the Iraqi economy, the Governor of the Central Bank of Iran Abdul Nasser Hamati said that Iranian exporters can now do their business and conduct banking transactions through Iraqi banks. He pointed out that Iranian banks can open balances in Iraqi banks and deal with them in the currency of the dinar and the euro.
The governor of the Central Bank of Iran, "Abdul Nasser Hamati," met today and the second day of his visit to Iraq, with heads of Iraqi banks and members of chambers of commerce and a number of Iraqi economic activists.
"The United States sought, through two stages of severe sanctions against Iran, to create chaos on the Iranian street by weakening the Iranian currency, but it did not succeed, as we managed to control the currency market and reduce inflation,
He pointed to the agreements concluded between the Iraqi and Iranian sides, describing the banking relations as the key to the development of economic relations between the two sides. He also pointed to the determination of officials in both Iran and Iraq to expand relations at various levels between the two countries and support of Iraqi Prime Minister "Adel Abdul Mahdi" Ongoing negotiations between Iran and Iraq and the agreements reached in the framework of strengthening their bilateral relations.
"Based on the agreements concluded, the Central Bank of Iran is scheduled to have balances in euros and dinars, where oil and gas transactions will be carried out through these funds," Hamati said.
The Iranian central bank governor said that Iraq is Iran's largest and most important partner. "According to the agreements, Iranian exporters can carry out their business activities through Iraqi banks, and Iranian banks can open balances in dinars in Iraqi banks. Which is shown by the Iraqi Prime Minister, is expected to become relations between the two parties stronger than before, leading to the strengthening of trade and economic relations.
He added that Iraqi companies also can open balances in Iranian banks and conduct banking transactions in dinars.
The head of Al-Rasheed Bank of Iraq suggested that a division of this bank be established in Iran, as this will play an important role in the bilateral trade relations. The Governor of the Central Bank of Iran welcomed this proposal, describing the establishment of branches of Iraqi banks in Iran to facilitate transactions and expand agreements between The two sides.
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In a new escalation of the Iraqi economy, the Governor of the Central Bank of Iran Abdul Nasser Hamati said that Iranian exporters can now do their business and conduct banking transactions through Iraqi banks. He pointed out that Iranian banks can open balances in Iraqi banks and deal with them in the currency of the dinar and the euro.
The governor of the Central Bank of Iran, "Abdul Nasser Hamati," met today and the second day of his visit to Iraq, with heads of Iraqi banks and members of chambers of commerce and a number of Iraqi economic activists.
"The United States sought, through two stages of severe sanctions against Iran, to create chaos on the Iranian street by weakening the Iranian currency, but it did not succeed, as we managed to control the currency market and reduce inflation,
He pointed to the agreements concluded between the Iraqi and Iranian sides, describing the banking relations as the key to the development of economic relations between the two sides. He also pointed to the determination of officials in both Iran and Iraq to expand relations at various levels between the two countries and support of Iraqi Prime Minister "Adel Abdul Mahdi" Ongoing negotiations between Iran and Iraq and the agreements reached in the framework of strengthening their bilateral relations.
"Based on the agreements concluded, the Central Bank of Iran is scheduled to have balances in euros and dinars, where oil and gas transactions will be carried out through these funds," Hamati said.
The Iranian central bank governor said that Iraq is Iran's largest and most important partner. "According to the agreements, Iranian exporters can carry out their business activities through Iraqi banks, and Iranian banks can open balances in dinars in Iraqi banks. Which is shown by the Iraqi Prime Minister, is expected to become relations between the two parties stronger than before, leading to the strengthening of trade and economic relations.
He added that Iraqi companies also can open balances in Iranian banks and conduct banking transactions in dinars.
The head of Al-Rasheed Bank of Iraq suggested that a division of this bank be established in Iran, as this will play an important role in the bilateral trade relations. The Governor of the Central Bank of Iran welcomed this proposal, describing the establishment of branches of Iraqi banks in Iran to facilitate transactions and expand agreements between The two sides.
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