An Iraqi-Iranian agreement to complete gas and electricity talks in Baghdad

An Iraqi-Iranian agreement to complete gas and electricity talks in Baghdad

2019/4/6 15:10

An Iraqi-Iranian agreement to complete gas and electricity talks in Baghdad(International: Euphrates News) Prime Minister Adel Abdul Mahdi and Iranian President Hassan Rowhani agreed during the official talks between the two sides to complete the implementation of financial and banking agreements between the two countries, and for this purpose will head the Central Bank of Iran to Iraq at the earliest opportunity.
He will meet with Iraqi Central Bank President Ali al-Alaq, financial officials and other Iraqi banks, according to a report by the central bank of Iran on Saturday.
The volume of exports of Iranian gas to Iraq, more than 4 billion dollars, in addition to 8 billion dollars of private sector exports to Iraq.
In February, Hamati paid a visit to Iraq to resolve the issue of the return of Iranian exporters to Iran. During the visit, the heads of the central banks in Iran and Iraq agreed to identify the mechanism of financial payments between the two countries. Foreign exchange of exporters to Iraq.
During his visit to Iraq last January, the head of the Central Bank discussed with his Iraqi counterpart how to follow up and implement bilateral agreements reached last month. At the same time, the first part of the Iranian government’s claims was deposited in the Iranian Central Bank’s $ 200 million .
Of Iran’s $ 12 billion worth of exports to Iraq, there are 4 billion exports of electricity and gas.
In this session, the issue of facilitating the banking of Iranian exporters of goods and services, as well as the activities of branches of Iranian banks in Iraq, the establishment of relations between Iranian banks and Iraqi banks and the need to accept dinar guarantees instead of guaranteeing the dollar for the activities of Iranian contractors were discussed.
Prime Minister Adel Abdul-Mahdi arrived in Tehran on Saturday for a two-day official visit to Iran.

alforatnews.com