negotiations between Iraq and Iran to adopt the local currency trade of the two countries[/size]
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12 minutes ago
"We have no problem with exports to Iraq, because our exports have reached 8 billion dollars in the last 8 months," said Yahya al-Ishaq, head of the Joint Iranian-Iranian Chamber of Commerce.
He added that "negotiations are underway and close to completion between the Central Bank of Iran and Iraq to be the process of opening credit through banks and formally through the adoption of the riyal and the dinar."
He stressed that if the agreement was signed by both countries, the banks of the two countries will be able to open documentary credit L / C to each other.
The Chairman of the Joint Iranian-Iraqi Chamber of Commerce said that the financial transactions of the traders of the two countries are currently underway through banking and a limited number of banks.