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The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Saturday, that he is working to adopt the UAE dirham, the Turkish lira, the Indian rupee, and the euro as part of the process of facilitating external transfers.
Al-Alaq said in a statement to the official agency, “There are discussions to regulate the import process with Iran in a way that does not expose Iraq to any problems by violating the sanctions,” indicating that “the Central Bank will reach a clear formula in organizing the trade process with Iran.”
He added, "There is work to adopt the UAE dirham, the Turkish lira, the Indian rupee, and the euro as part of the process of facilitating external transfer."
Al-Alaq continued, "The trade balance with India amounts to $3 billion," pointing out that "the Central Bank has high numbers for imports from the Emirates and Turkey."