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Iraq and Iran in the process of establishing a joint bank

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rocky
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Iraq and Iran in the process of establishing a joint bank

Post by rocky on Wed 03 Sep 2014, 6:37 am

Iraq and Iran in the process of establishing a joint bank



Tuesday, 02 September / September 2014 19:10

Confirmed the commercial attache at the Iraqi Embassy in Tehran, Shaker Razak Daami, that Iraq and Iran in the process of establishing a joint bank to bank exchange between them.
Daami said on the sidelines of the Forum Trade Iranian - Iraqi in Tehran on Tuesday, said that "Iraq needs investment to the construction sector and the Iranian technical and engineering services, in view of the vulnerability of its infrastructure to serious damage against the backdrop of recent events and past."
He Daami to "economic cooperation between Tehran and Baghdad, and that a lot of Iranian companies are currently active in the electricity generation sector of Iraq," adding that "the Iranian exports to the country amounted to 5.6 billion dollars last year."
He said commercial attache at the Iraqi Embassy in Tehran, drafting a memorandum of understanding dealing with the establishment of joint exhibitions and international between the two sides, "noting that" the ministerial delegation will visit Tehran in the coming days to sign the memorandum. "
On inquiry about the proposed mechanism for the exchange of banking and move funds between the two countries, he said, "because of the damage to Iraqi traders due to the ban on Iranian banks, the delegation went to Iran to discuss the issue of remittances and the signing of an agreement in this regard, we also baptize to the establishment of a joint bank between the two countries ".
Iraq is, according to government statistics Iranian second largest market for Iranian goods where volume imported since March 2013 to March 2014 to last more than 2.00085 million tons valued at 951 thousand dollars of what constitutes more than 18% of the total value of goods exported Iran.
The Iranian Vice President Isaac Jhangere has confirmed during a meeting with Prime Minister outgoing Nuri al-Maliki, who visited Tehran on 4 of December last in 2013 his country is seeking to raise the volume of trade with Iraq, which has three billion dollars, to between 12 and 15 billion dollars through memorandums of understanding in economic and commercial fields of energy and Asala.anthy.

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