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[size=36]The Central Bank raises tens of millions of euros as an initial payment to cover imports from Türkiye[/size]
Economy | 09:38 - 05/12/2023
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Baghdad - Mawazine News
A government source revealed, on Tuesday, that the Central Bank has increased tens of millions of euros as an initial payment to cover imports from Turkey.
The source said in an interview with Mawazine News, “In implementation of the banking arrangements agreement that was concluded with Turkey last week, the Central Bank of Iraq has, since last Sunday, the third of December, strengthened tens of millions of euros as an initial payment.”
He added, "This aims to cover retailers' imports from Turkey, through Iraqi merchants paying in Iraqi dinars and the Central Bank strengthening them in euros so that settlement with Turkish merchants is made in Turkish lira."
The source said in an interview with Mawazine News, “In implementation of the banking arrangements agreement that was concluded with Turkey last week, the Central Bank of Iraq has, since last Sunday, the third of December, strengthened tens of millions of euros as an initial payment.”
He added, "This aims to cover retailers' imports from Turkey, through Iraqi merchants paying in Iraqi dinars and the Central Bank strengthening them in euros so that settlement with Turkish merchants is made in Turkish lira."
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