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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iranian exports to Iraq rise by 30%... How much did they amount to?

    Rocky
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    Iranian exports to Iraq rise by 30%... How much did they amount to? Empty Iranian exports to Iraq rise by 30%... How much did they amount to?

    Post by Rocky Mon 15 Jan 2024, 5:10 am

    Iranian exports to Iraq rise by 30%... How much did they amount to?

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    Economy News - Baghdad
     
    [rtl]Member of the Joint Iranian-Iraqi Chamber of Commerce, Sayyed Hamid Hosseini, stated that thanks to the increase in bilateral Iranian-Iraqi exchanges, Iran has exported more than $6.2 billion worth of goods to Iraq, which shows an increase of 30% compared to the same period last year.[/rtl]
     
    [rtl]A member of the Joint Iranian-Iraqi Chamber of Commerce pointed out - in a statement reported by the official Iranian IRNA agency - that despite all the problems that existed in the field of currency supply and the exchange rate in Iraq, the trend of growth of Iranian goods exports to this country continues and an average of 775 One million dollars in goods to Iraq every month.[/rtl]
     
    [rtl]Hosseini stated that Iraq is still the second destination for Iran’s exports, adding that Iraq has banned the use of foreign currencies in local exchanges since the beginning of the new year, and on the other hand, this country’s banks do not have the possibility of converting foreign currencies for goods imported from Iran, Syria, Russia, and Venezuela, and therefore importers must Goods from these destinations receive their currency at a higher rate than the market.[/rtl]
     
    [rtl]Hosseini confirmed that in 8 months of the current year, Iran has exported more than $6.2 billion worth of goods to Iraq, which shows a 30% increase compared to the same period last year, adding that these exports are expected to reach $10 billion. By the end of the year, setting a new record.[/rtl]
     
    [rtl]A member of the Joint Iranian-Iraqi Chamber of Commerce also reported that Iraq has recently been trying to obtain Iran's approval to transit and exchange gas from Turkmenistan via Iran, so that it does not have to worry about cutting off gas to produce more than 4,500 megawatts of electricity.[/rtl]
     
    [rtl]Pointing out that Iran is Iraq's fourth trading partner after the UAE, China and Turkey, Hosseini explained that if the Central Bank exempts the export of agricultural products and technical and engineering services from outsourcing in accordance with the approvals of the Seventh Plan, it will be effective in increasing exports, after the gas, electricity, steel and materials sectors have become... Construction and food are Iran's main export items to Iraq.[/rtl]
     
    [rtl]According to a member of the Joint Iranian-Iraqi Chamber of Commerce, the central bank recently announced the offshore rial project, a currency used to carry out Iranian trade transactions across borders with countries such as Iraq and Afghanistan.[/rtl]
     
    [rtl]Hosseini stated that in this case, businessmen can pay the commercial riyal in Iran, stressing that if the currency pricing is close to the market price, it can facilitate exports and reduce exporters’ complaints about foreign exchange policies, adding that exporters of goods to Iraq were able this year to Payment of their foreign exchange obligations through the arrival of gold bullion from the land borders, especially at the Bashmak crossing.[/rtl]


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