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Tehran announces the continuation of the activities of the National Bank of Iran in Iraq
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03-09-2024 | 03:22
Tehran announces the continuation of the activities of the National Bank of Iran in Iraq
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Al-Sumaria News - Doulaiyat,
the head of the Iranian-Iraqi Chamber of Commerce, Yahya Al-Ishaq, confirmed today, Saturday, the continuation of the activities of the National Bank of Iran in Iraq.
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In a statement to Tasnim Agency, the head of the Joint Iranian-Iraqi Chamber of Commerce said, “The Central Bank of Iraq recently announced that the activity of the National Bank of Iran in Iraq will continue.”
He added, "We seek to create conditions for the continuation of the National Bank's activity in Iraq while increasing the volume of activities, and this can be achieved through cooperation and agreement between the Iranian and Iraqi central banks."
He continued, "The volume of trade relations between Iran and Iraq currently amounts to about 10 billion dollars, and on this basis, interactions and banking activities between Iran and Iraq can increase significantly, but due to sanctions, these interactions have become slightly limited."
The head of the Iranian-Iraqi Chamber of Commerce stressed that the activity or inactivity of Iranian banks in Iraq does not have a significant impact on the current trade relations between the two countries, but expanding the work of banks could be beneficial.
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