TNT:
Harambe: Russia, Iran must reduce trade dependence on currencies – Mehr News Agency | 12/5/23
TEHRAN, Dec. 05 (MNA) – Russia and Iran should develop a roadmap to reduce trade dependence on currencies that can be used as a sanction tool, Russian Foreign Ministry says.
“The states should develop a roadmap to lower dependence of international trade on national currencies that can be used as a tool of implementing unilateral enforcement measures or to preserve the monetary hegemony of a specific state in the global economy,” the declaration reads, with its text posted on the website of the Russian Foreign Ministry, TASS reports.
“Government and private property and assets, including banking accounts, bonds, real estate, and consular and diplomatic premises and facilities enjoy the immunity and should not be subject to freeze, withdrawal or confiscation, or restriction in any form as a result of unilateral enforcement measures implemented by any authority.
Jurisdictional immunities of states and the immunity of their property should be constantly observed and protected against implementation of unilateral enforcement measures,” the declaration stresses.
https://en.mehrnews.com/news/209218/Russia-Iran-must-reduce-trade-dependence-on-currencies
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Tishwash: Al-Nusairi: The Central Bank has achieved an important step to finance trade with Türkiye in the euro
Samir Al-Nusairi, advisor to the Iraqi Private Banks Association, confirmed on Wednesday that the Central Bank completed an important step last week to finance trade with Turkey in the euro currency in the tens of millions as an initial payment to cover retailers’ imports from Turkey, as “the implementation of the banking understandings agreement with Turkey began last Sunday.” “.
Al-Nusairi noted that “this came through Iraqi merchants paying in Iraqi dinars and the Central Bank strengthening them in euros,” pointing out that “after that, settlement is made with Turkish merchants in Turkish lira.”
The advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, previously announced that “an Iraqi delegation went to Turkey to agree with Turkish banks to enhance balances in euros or Turkish lira.”
He pointed out that the Central Bank continues to hold periodic agreed-upon meetings with the US Federal Reserve and other banks that were agreed with last month as part of a series of negotiations in order to reach more agreements to regulate trade financing and enhance balances of various currencies in correspondent banks, and thus control speculation in the dollar. On the black market, maintaining exchange rate stability link
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