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[size=52]Iraq boosts its euro coffers to cover imports from Türkiye[/size]
- Today 12:15
Information/Baghdad...
A government source revealed, today, 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 a statement seen by the Al-Ma’louma Agency, “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." Ended/25
[You must be registered and logged in to see this link.]
A government source revealed, today, 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 a statement seen by the Al-Ma’louma Agency, “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." Ended/25
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