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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The decrease in Iran's imports from Iraq... The secret is the competition of the Turks

    Rocky
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    The decrease in Iran's imports from Iraq... The secret is the competition of the Turks Empty The decrease in Iran's imports from Iraq... The secret is the competition of the Turks

    Post by Rocky Sat 06 May 2023, 6:38 am

    [size=35][size=35]The decrease in Iran's imports from Iraq... The secret is the competition of the Turks[/size]
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    Economy

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    May 6, 2023 | 05:55
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    Alsumaria News - Economy

    The Secretary-General of the Iranian-Iraqi Joint Chamber of Commerce, Jahan Bakhsh Sanjabi Shirazi, reported today, Saturday, that the volume of imports from Iraq decreased during the past Iranian year.


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    Regarding the increase in the value of dollar trade with [You must be registered and logged in to see this link.] during the past Iranian year, Shirazi said: "The level of imports from [You must be registered and logged in to see this link.] declined in the past year, as [You must be registered and logged in to see this link.] imports bullion and metal scraps from this country, as well as rice, other foodstuffs and dates through the border markets."



    Referring to the increase in the volume of imports from [You must be registered and logged in to see this link.] in 2021, he said: “Imports from [You must be registered and logged in to see this link.] grew in 2021, by about 700 percent compared to last year 2020, because the country was able to allocate part of its banking resources in [You must be registered and logged in to see this link.] to import livestock inputs, knowing that the products Not all imported goods were Iraqi.In

    2022, statistics showed that Iranian trade with [You must be registered and logged in to see this link.] in terms of dollars grew by 18%, despite its decline in terms of weight.In other words,

    if we take into consideration the price parity index for exports to [You must be registered and logged in to see this link.] in 2022, the The export path has taken an upward trend, albeit at a slow pace.

    Sanjabi Shirazi mentioned that many events made the rate of business growth in [You must be registered and logged in to see this link.] hopeful, and he said: "[You must be registered and logged in to see this link.] has curbed the inflation process in its country, as it is no longer like the past two years; while the depreciation of the lira compared to the dollar made exports competitive with the Turks, which prompted them to increase exports." To [You must be registered and logged in to see this link.], and this is what actually happened, as the Turks became the second trading partner and supplier to the Iraqis in the past two years.

    The United Arab Emirates, [You must be registered and logged in to see this link.], [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.] were among the trading partners of [You must be registered and logged in to see this link.], and it was noticed in some months a change in [You must be registered and logged in to see this link.]'s status and rank in trade with [You must be registered and logged in to see this link.].

    He added, "We expected 10 billion dollars as the total trade balance between [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.] in 2023. If it is possible to export technical and engineering services, we can hope to exceed this number, and at least 2 billion dollars will be added to the volume of our trade with this country; of course." The export of technical and engineering services is conditional on the ability to solve the restrictions of the Iraqi banking system and international sanctions.

    He emphasized the absence of written instructions and orders not to give Iraqis foreign currencies to [You must be registered and logged in to see this link.], and said: "There is no mediation relationship between banks between the two countries, as it is not possible to conduct currency transfers without the intervention of the Swift system, in addition to the inability to transfer dollars with Iraqis through the banking network." "For Iranian merchants, as Iranian merchants and exporters use the exchange infrastructure to bring in currency from exports to [You must be registered and logged in to see this link.]. The [url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url] has also reduced the daily supply of dollars to at least $60 million, which has led to an increase in demand for dollars in the Iraqi market."

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