Iraq announces close to an agreement with the United States to obtain financial exemptions for sanctions on Iran

by **claud39** Thu Dec 13, 2018 6:22 am

http://economy-news.net/content.php?id=14715

Iraq announces close to an agreement with the United States to obtain financial exemptions for sanctions on Iran

12/13/2018

Economy News _ Baghdad

The central bank announced Thursday that it was close to concluding an agreement with the United States to obtain financial exemptions for sanctions against Iran.
"For the central bank, it has a situation of adjustment to the sanctions. The dollar deal with Iran has been stalled since 2012, and in practice," the central bank governor Ali al-Alak said in an interview with the Economist News, Such transfers can not be made, since any payments in this currency will go through the US financial system and will stop, so Iraq would have to pay in other currencies. "
"With the expansion of the embargo and the reservations of countries, options are limited even in settlement of payments in currencies other than the dollar, while at the same time there are necessary things linking Iraq to Iran, including gas and electricity."
He revealed that there was "an understanding with the American side in an attempt to arrange this matter or to get some exceptions and the talks have reached an advanced stage and this matter may be decided soon, and probably within days."
The Central Bank has directed banks and exchange companies not to sell the dollar to those wishing to visit Iran, while the President of the Iranian Chamber of Commerce announced the abolition of the dollar in trade with Iraq.