negotiations between Iraq and Iran to adopt the local currency trade of the two countries

by **claud39** Mon Dec 17, 2018 9:00 am

http://www.shafaaq.com/ar/Ar_NewsReader/d3f4d6b3-15a3-4781-bed0-675313bce919

[size=32]negotiations between Iraq and Iran to adopt the local currency trade of the two countries[/size]

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Shafaq News / Negotiations are underway between the Central Bank of Iran and the 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 have no problem with exports to Iraq, because our exports have reached 8 billion dollars in the last 8 months," said Yahya al-Ishaq, head of the Joint Iranian-Iranian Chamber of Commerce.
He added 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."
He stressed that if the agreement was signed by both countries, the banks of the two countries will be able to open documentary credit L / C to each other.
The Chairman of the Joint Iranian-Iraqi Chamber of Commerce said that the financial transactions of the traders of the two countries are currently underway through banking and a limited number of banks.

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by **claud39** Tue Dec 18, 2018 6:47 am

http://economy-news.net/content.php?id=14800

Iraqi-Iranian negotiations for trade through the riyal and the dinar

18/12/2018

Economy News _ Baghdad

An Iranian official said on Tuesday that negotiations between the central bank of Iran and Iraq 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 have no problem with exports to Iraq," said Yahya al-Ishaq, head of the Joint Iranian-Iranian Chamber of Commerce, in an interview with the Tasnim news agency. "We have had exports in the past 8 months, equivalent to the total exports last year. , And reached 8 billion dollars. "

He added 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."

"If this agreement is signed by both countries, the banks of the two countries will be able to open L / C credit to each other," he said.

"The financial transactions of the two countries' traders are currently underway through banking and a limited number of banks," he said.