11th August, 2018
Iraq's decision to suspend trade in dollars with Iran is in Tehran's interest and shows the purity of Baghdad's intention, economic expert Salama Smisem said Friday (August 10, 2018).
"The Iraqi move is aimed at preventing the dollar from flowing into Iran and thus preserving the Iraqi dinar from collapse, in return for the smuggling of the dollar," Smisem said in a press statement.
She added that the decision is a political and economic goal for the continuity of economic dealings between Iraq and Iran, especially after the overlap of human and family ties between the two countries.
"The Iraqi move is in the interests of the Iranian economy and shows the clear intention of Iraq toward Iran," she said.
It should be noted that the Office of Prime Minister Haider Abadi had earlier confirmed that Iraq would have to give up the dollar in trade accounts with Iran. [You must be registered and logged in to see this link.]
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