The Iraqi and Iranian central banks discuss in Baghdad Tehran’s financial dues

economyCentral Bank of IraqIraqi debtIranian BankIranian debt 2021-11-03 06:51A-AA+

 Shafaq News/ The Governor of the Central Bank of Iraq and his Iranian counterpart discussed, during a meeting held today in Baghdad, ways to address the financial dues of the Iranian side.   

The media of the Central Bank of Iraq said in a statement, received by Shafak News Agency, that Governor Mustafa Ghaleb Mukhif received, today, his Iranian counterpart Ali Saleh Abadi, who is currently visiting Iraq accompanied by a banking and economic delegation.

The statement indicated that the meeting, which was attended by the Director General of the Trade Bank of Iraq from the Iraqi side, dealt with ways of cooperation in the banking sector between the two parties and the possibility of processing the financial dues of the Iranian side in accordance with the specific contexts of the agreement. 

Earlier, the Iranian parliament announced that the Iraqi debt amounted to 7 billion dollars, stressing the need to pay it.

According to the deputy head of the Economic Committee in the Iranian parliament, Kazem Mousavi, the Iraqi debts owed to his country amounted to about 7 billion dollars, stressing that Iraq is a friendly country, but Tehran should not be treated like this.

He added that the high inflation and living difficulties in Iran were caused by the debts of Baghdad, Beijing and Moscow that it did not pay to Iran.

He said, “If Iraq, China, Russia and non-oil exporting countries had returned $20 billion in currencies to the country, our people would not have faced problems.”

In response to a question whether the date for the release of Iranian funds in Iraq had been set, Mousavi said: “The release date has not been set, but they have to return it in the end.”

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