Iraq and Iran are on the threshold of an agreement for foreign currency


7/21/2020 06:48:19

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Shafaq News / The Director of International Affairs of the Iranian Central Bank, Hamid Qanbari, revealed today, Tuesday, the conclusion of an agreement close to the foreign currency with Iraq.

Kanbari, who accompanied Foreign Minister Mohammed Javad Zarif on his visit to Baghdad (the day before yesterday Sunday), with the aim of conducting banking negotiations with the Iraqi side, said that the negotiations were useful and constructive between the two sides, and the final stage of the Iraqi Prime Minister and his accompanying delegation will reach Tehran today Tuesday.

Qanbir predicted, in an interview published by Iranian media, “In the event that this happens, a remarkable foreign cash will flow into the market, amounting to several billion, as it would cover a large part of the currency demand through it.”

The Central Bank of Iran and its Iraqi counterpart signed a memorandum of cooperation related to banking and financial ties last year.

Kanbari pointed out that the negotiations yesterday, Sunday, are an extension of the memorandum concluded, and that the visit of the Central Governor Abdel Nasser Hemati to Iraq last month comes in the same framework.

Iraqi Prime Minister Mustafa Al-Kazemi arrived today, Tuesday, in the Iranian capital, Tehran, for a two-day official visit at the head of a high-ranking government delegation.


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