Iraqi-Iranian negotiations on the dollar

December 18, 2018

Baghdad - Journal News

The Iraqi and Iranian governments are preparing to open the credit line between the banks of the two countries officially and use their currencies in trade exchange between them.

According to the agency "Tasnim" negotiations between the Central Bank of Iran and the central Iraqi to finalize the opening of credit between the banks of the two countries officially through the use of the Iranian riyal and the Iraqi dinar.

"We do not have a problem with exports to Iraq," said Yahya al-Ishaq, head of the Joint Iranian-Iranian Chamber of Commerce. "Our exports have reached 8 billion dollars in the past eight months.

The Iranian official said that negotiations are underway and close to completion between the Central Bank of Iran and Iraq to be the process of opening credit through banks and formally through the adoption of the riyal and the dinar.

Stressing that if this agreement was signed by both countries, the banks of the two countries will be able to open documentary credit L / C to each other.

Iranian exports to Iraq grew 67% from 21 March to 21 October 2018 compared to the same period last year, with exports worth $ 6 billion and $ 757 million.

Goods imported by Iraq from Iran topped mineral fuels, mineral oils, scrap products, asphalt products, metal waxes, plastic materials and products, accounting for 35% of total exported goods.

Goods exported from Iran to Iraq included machinery, electronic equipment, spare parts and audio and video equipment, accounting for 12% of total exports.


http://www.aljournal.com/مفاوضات-عراقية-إيرانية-بشأن-الدولار/