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[size=34]For these reasons .. Iraq refused to hand over Iran foreign currency[/size]
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The Central Bank of [You must be registered and logged in to see this link.] refused to cooperate financially with [You must be registered and logged in to see this link.] to provide funds from the US dollar to the Iraqi dinar to cover the expenses of the Iranian participants at the 40th ceremony, officials said.
A report by the Central Bank of Iran, which was published on its official website, pointed out that Iraq rejected the proposal of the Iranian authority on the extradition of foreign currencies and national "Iraqi dinar" for reasons related to US sanctions on Iran and security.
According to Executive Director of the Central Bank of Iran Mohammad Reza Hosseinzadeh, Iran had asked the Iraqi Central to open 250 Iranian ports to transfer and disbursement of funds in the provinces of Najaf and Karbala and border crossings with Iran, but this request was rejected by the Iraqi authorities to avoid economic sanctions against Iran.
The central statement said that Iraq also refused to transfer 200 billion Iraqi dinars, equivalent to 166 million US dollars to Iran to cover all expenses of Iranian visitors.
In this context, the Director of the Branch of the Iraqi Bank for Trade, Ahmed Ali Scrach in an interview with "Arab.Net", support for the steps of the Central Bank of Iraq, a reference to avoid the risks of US economic sanctions against Iran.
In an economic sense, the Iranian financial market is suffering from a severe recession, which means that at this time the financial swap procedures with Iran do not serve the interest of the Iraqi economy and do not deserve that risk, Scrach said.
For his part, said professor at the Faculty of Management and Economics at the University of Karbala, Dr. Amir al-Moussawi, "the Arab. Net", the collapse of the exchange rate of the Iranian riyal against the US dollar, which was lost in value to the Iraqi dinar, made the Iranian currency for the Iraqis is not considered, Even at the grassroots level, buying and selling goods with Iranians does not add anything to retailers, nor does it serve the product of the national economy.
The Central Bank of Iran in the previous seasons of the fortieth, and according to the approval of the Iraqi Center, was providing ATMs to support financial transfers and exchange of money in many places between the provinces of Najaf and Karbala and the Iraqi border.
The social networking sites were broadcast yesterday by pictures and videos, showing Iranians standing behind the holes of the wall of an old building in the province of Najaf.
According to the report, it is due to be used by the Central Bank of Iran and one of the banks of Iran, "Bank Melli", whose cadres attended an assistant mediator of the Iranian Center, in the process of delivery of foreign currency to visitors to the ceremony of the 40 Iranians.
Iran is taking advantage of the 40th visit to strengthen its media and political influence in Iraq. Senior Iranian officials close to Supreme Leader Ayatollah Ali Khamenei considered it a manifestation of the power of the Islamic Republic, which has ruled Iran for 40 years.
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