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[size=30]An expert paints a 'bleak' scenario regarding commercial activity between Iran and Iraq
[ltr]2023.03.05 - 10:56[/ltr]
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[ltr]2023.03.05 - 10:56[/ltr]
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Baghdad - people
Professor of Economics at the University of Basra, Al-Marsoumi, drew a scenario he described as "affectionate", of commercial activity between Iraq and Iran.
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Al-Marsoumi said in a post followed by “NAS” (March 5, 2023), “Iran’s dues on Iraq, as the Prime Minister says in his interview with Al-Hadath TV, amounted to 11 billion euros, which are in Iraqi banks; they cannot be transferred to Iran because of the US sanctions against it, and if Iraq complies. Completely according to the rules and conditions of the electronic platform, and if Iraq tightens its grip on the dollar and prevents its smuggling abroad, then in this case foreign trade between Iraq and Iran will stop.
He added, "Iran may run out of patience at that time and refrain from providing Iraq with gas and electricity as long as it will be unable to obtain their price in US dollars, in addition to its inability to convert the Iraqi dinars it owns into dollars!!"
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