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The Iraqi Trade Bank explains the mechanism for releasing Iranian balances
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Baghdad today - Baghdad
Today, Tuesday, the Iraqi Trade Bank clarified the mechanism for releasing Iranian funds.
The media advisor to the bank, Aqil Al-Shuwaili, said in a statement received by (Baghdad Today) that "the Iranian balances that were recently released from February 2023 until this June were according to the mechanism agreed upon between the three countries (Iraq, Iran and the United States of America) in effect since 2018."
Earlier, the head of the Iranian-Iraqi Joint Chamber of Commerce, Yahya Al-Ishaq, announced the release of 3 billion dollars of dues in Iraq, indicating that an amount of Iranian frozen balances in the neighboring country had been allocated to cover the needs of pilgrims and provide basic commodities.
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