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| The cancellation of the activities of the National Bank of Iran in Iraq has been canceled/we have no problem in the field of monetary and banking exchanges with Iraq. | |
 | Chairman of the Iran-Iraq Joint Chamber of Commerce said: Iran and Iraq wish to develop their trade, monetary and banking relations, and this action can be carried out with the agreement of the central banks of the two countries. |
Yahya Al-Ishaq, Chairman of the Iran-Iraq Joint Chamber of Commerce, during a conversation on the suspension of the activities of the National Bank of Iran in Iraq by the Central Bank of Iraq, said: Several Iranian banks were approved and operating in Iraq. , but due to foreign exchange problems and sanctions, America had reduced the activity of these banks in Iraq and the Central Bank of Iraq had proposed to suspend the activities of these banks. He added: But recently, the Central Bank of Iraq announced that the activities of the National Bank of Iran will continue in Iraq. We seek to create conditions that, in addition to the continuation of the activities of the National Bank in Iraq, will also increase the volume of its activities. This possibility is made with the cooperation and agreement of the Central Bank of Iran and the Central Bank of Iraq. The Chairman of the Iran-Iraq Joint Chamber of Commerce emphasized: Therefore, the space created in connection with the suspension of the activities of the National Bank of Iran in Iraq was canceled with the announcement of the Central Bank of Iraq. Al-Ishaq pointed out that currently the trade relations between Iran and Iraq amount to around 10 billion dollars, and said: Based on this, the interactions and banking activities of Iran and Iraq Iraq may increase significantly, but due to the issue of sanctions and the US Dollar, these interactions are somewhat limited. Iran and Iraq wish to further intensify their monetary, banking and commercial relations and, for this, both parties must work to create the conditions conducive to strengthening relations. Ultimately, the president of the Iran-Iraq Chamber of Commerce said: The activity or lack of activity of Iranian banks in Iraq does not have much effect on the current trade relations of these two countries , but the expansion of banking activity can help. . The volume of trade between Iran and Iraq amounts to more than $10 billion, most of which is carried out by the private sector, and there are currently no problems in this sector. | |
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