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[size=36]Al-Sudani directs the formation of an Iraqi-Turkish committee to support dealing in the dinar[/size]
Economy | 08:24 - 12/24/2023
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Mawazine News - Baghdad
Prime Minister Muhammad Shiaa Al-Sudani directed today, Sunday, the formation of an Iraqi-Turkish committee to organize trade and strategic partnership between the two countries and support Iraqi merchants’ imports in dinars.
A government source said, “In light of the positive developments taking place in the exchange market in the interest of economic stability, Prime Minister Muhammad Shiaa Al-Sudani directed the formation of a joint (Iraqi-Turkish) committee representing market forces and Iraqi and Turkish economic organizations between the two countries and including, on the Iraqi side, the Association of Iraqi Banks.” The private sector, the Iraqi-Turkish Business Council, the Federation of Iraqi Chambers of Commerce, the Iraqi Contractors Union, and the corresponding Turkish side to support dealing in the Iraqi dinar, and the committee meets semi-annually and submits its reports to the Prime Minister, in a way that serves bilateral trade and the strategic partnership between the two neighboring countries.
He added, "The Prime Minister also directed the opening of a direct dialogue on the issue of (the equal deal) through direct negotiation with the Turkish Exporters Union and the Turkish Central Bank in coordination with the Central Bank of Iraq because there is a high desire on the part of the Turkish party to pay in the local currency, to finance part of the four baskets supporting prices." (Food, pharmaceutical, construction, spare parts), which were proposed by the Prime Minister in his policy defending price stability in Iraq.”
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