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Iran finds an "exit" for hard currency with Iraq and launches the first deal worth 300 million euros
[You must be registered and logged in to see this link.] |Yesterday, 18:42 |
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[You must be registered and logged in to see this link.] |Yesterday, 18:42 |
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Baghdad today - follow-up
Today, Saturday, the Central Bank of Iran revealed the launch of an electronic platform that allows it to deal financially with Iraq, as it confirmed the sale of 300 million euros of its funds deposited in Iraq through this platform.
Iranian media quoted a statement by the Central Bank of Iran, which was followed by "Baghdad Today", in which it is that "after conducting successful monetary and banking negotiations with the Central Bank of Iraq, new breakthroughs occurred regarding the offering of hard currency on the electronic "NIMA" platform.
He added, "So that, after a year of hiatus, today (January 21, 2023), 300 million euros were offered from the Central Bank of Iran's balances deposited in Iraq through the platform, and it was sold directly, and that this process will continue in the coming days.”
The statement of the Central Bank of Iran confirmed that "through this breakthrough, merchants can accelerate the pace of commercial and banking operations through the funds in Iraq in order to cover imports of basic commodities quickly and appropriately."
And she indicated that "the breakthrough in benefiting from the balances of the Central Bank of Iran in Iraq occurred following successive visits by a commercial-Iranian bank delegation to Iraq in recent days and negotiations with the Iraqi Central Bank and one of its affiliated commercial banks .”
It is noteworthy that the "Nima" platform is dedicated to displaying foreign currency remittances to exporters and selling them to importers.
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