Twilight News

With the help of Iraq … Iran announces the solution of one of its biggest financial problems

“The Iranian banks can now open assets in Iraqi banks and deal with them in the currency of the dinar and the euro,” said the governor of the Central Bank of Iran, Nasser Hamati, who said that Iranian exporters can now carry out their business and conduct banking transactions through Iraqi banks.

The governor of the Central Bank of Iran, “Nasser Hamati,” met today, the second day of his visit to Iraq, with heads of Iraqi banks and members of chambers of commerce and a number of Iraqi economic activists.

“The United States, through two stages of severe sanctions against Iran, sought to bring chaos to the Iranian street by weakening the Iranian currency, but it did not succeed, as I managed to control the currency market and reduce inflation,” Hamati said.

Hamati pointed to the agreements concluded between the two sides, describing banking relations as the key to the development of economic relations between the two sides. He also pointed to the determination of officials in both Iran and Iraq to expand relations at various levels between the two countries and to support Iraqi Prime Minister Adel Abdul Mahdi, Ongoing negotiations between Iran and Iraq and the agreements reached in the framework of strengthening their bilateral relations.

“Based on the agreements concluded, the central bank of Iran is due to have assets in euros and dinars, where oil and gas transactions will be carried out through these funds,” Hamati said.

The Iranian central bank governor said that Iraq is Iran’s biggest and most important partner. “According to the agreements, Iranian exporters can carry out their commercial activities through Iraqi banks, and Iranian banks can open balances in dinars in Iraqi banks. Which is shown by the Iraqi Prime Minister, is expected to become relations between the two parties stronger than before, which leads to the strengthening of trade and economic relations. ”

He added that Iraqi companies also can open assets in Iranian banks and conduct banking transactions in dinars.

The head of Al-Rasheed Bank of Iraq suggested that a division of this bank be established in Iran, considering that this will play an important role in bilateral trade relations. The Governor of the Central Bank of Iran welcomed this proposal, describing the establishment of branches of Iraqi banks in Iran to facilitate transactions and expand agreements between the two sides. Source