Iraq refuses to provide Iranian visitors with dollars and dinars to avoid Washington’s discontent

Iraq refuses to provide Iranian visitors with dollars and dinars to avoid Washington’s discontent

Posted, 2018/10/29 20:32

Iraq refuses to provide Iranian visitors with dollars and dinars to avoid Washingtons discontentBaghdad today _ follow-up

The Central Bank of Iraq refused to cooperate financially with Iran in providing the necessary funds from the US dollar to the Iraqi dinar to cover the expenses of the Iranian participants at the 40th ceremony, according to officials.

A report by the Central Bank of Iran published on its official website that “Iraq rejected the proposal of the Iranian authority on the extradition of foreign currencies and national (Iraqi dinar) for reasons related to US sanctions on Iran and other security.”

“Iran had asked the Iraqi central to open 250 Iranian ports to transfer and disburse funds in the provinces of Najaf and Karbala and border crossings with Iran, but their request was rejected by the Iraqi authorities to avoid US economic sanctions against Iran,” said Mohammad Reza Hosseinzadeh, executive director of the Central Bank of Iran. “He said.

“Iraq also refused to transfer 200 billion Iraqi dinars, equivalent to 166 million US dollars to Iran to cover all expenses of Iranian visitors.”

In this context, the Director of the Branch of the Iraqi Bank for Trade, Ahmed Ali Srakh, during a press statement, “support for the steps of the Central Bank of Iraq,” reference to avoid “the risks of US economic sanctions against Iran.”

“In terms of economics, the Iranian financial market is suffering from a severe recession, which means that the financial swap procedures themselves at this time with Iran do not serve the interest of the Iraqi economy and do not deserve that risk,” he said.

For his part, said Professor at the Faculty of Management and Economics at the University of Karbala, Amir al-Musawi, “The collapse of the exchange rate of the Iranian riyal against the US dollar, which was lost in value to the Iraqi dinar, made the Iranian currency for the Iraqis are not considered,” noting that “even on The level of popularity, the sale and purchase of goods with the Iranians do not add anything to retailers, nor do they serve the product of the national economy. ”

The Central Bank of Iran in the previous seasons of the fortieth, and according to the approval of the Iraqi Center, was providing ATMs to support financial transfers and exchange of money in many places between the provinces of Najaf and Karbala and the Iraqi border.

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