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Iranian efforts to deal in the Iraqi dinar instead of the dollar
Economical 07/09/2023
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The Iranian government seeks to get rid of the dominance of the US dollar by using the Iraqi dinar in the process of trade exchange between the two countries.
This was according to what an Iranian official said on Saturday.
The Mehr news agency quoted the head of the Iranian-Iraqi Chamber of Commerce, Yahya Al-Ishaq, as saying that by using the dinar instead of the dollar in trade with Iraq,
We get rid of the dominance of the dollar in imports and exports as planned
the government.
He added that trading in the national currencies of different countries is one of the 13 goals of the government, adding that most countries in the world seek to break the American hegemony in their stock exchanges, and the use of national currencies of countries can help speed up this process.
Al-Ishaq touched on the Iranian-Iraqi relations.
By saying: More than 10 billion dollars of goods and services are exchanged annually between the two countries, if the trade system is applied in the national currencies of the two countries,
This can contribute to the deepening of these relations and the establishment of trade
good.
Referring to the problems of trade in the national currencies of the two countries, the Iranian official said: Balance in trade is very important in this new system; If Iraq imports more than Iran and pays all its debts in dinars, problems will appear in other Iranian stock exchanges.
Because we must be able to meet our needs in dinars
The recipient.
He pointed out that the arrival of three million religious tourists to Iraq and the large number of health tourists from this country to Iran can help exchange dinars instead of
dollar.
The head of the Iranian-Iraqi Joint Chamber of Commerce stressed that we must be able to reduce the dominance of the dollar by maximizing exchanges with the national currencies of the two countries.
He added that this proposal is a regime and Iran that can help the two countries lift the American pressure on
two states.
Regarding the 10% difference between the price of the dinar in the open market and the dinar of the bank, Al-Ishaq said that this will make Iran's competitors more successful in the Iraqi market, and the necessary measures must be taken to solve this problem.
He stressed that the interaction between Iran and Iraq in this field could be an important measure that we can benefit from more through follow-up
Occasion.
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