Trade exchange between Iraq and Turkey will be in euros… a new agreement between Baghdad and Ankara
Trade exchange between Iraq and Turkey will be in euros… a new agreement between Baghdad and Ankara
11-15-2023
An authorized source in the Central Bank of Iraq revealed, today, Wednesday, the Central Bank’s agreement with Turkish banks to open accounts for Iraqi banks with the aim of enhancing external transfer in the euro currency.
The source told the official agency, and the 964 network followed it: “The Central Bank of Iraq agreed with Turkish banks to open accounts for Iraqi banks for the purposes of external transfer and enhancing balances to finance foreign trade in the euro currency,” pointing out that “the agreement came during a meeting with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq.” With the Turkish Ambassador, the Chairman of the Turkish Business Council, and the managers of Turkish bank branches in Iraq.”
He added, “Other proposals have been developed that will be discussed in Istanbul at the end of this month with the participation of the Central Bank of Iraq and representatives of Iraqi banks.”
The source confirmed, “The agreement came to facilitate the trade exchange process between Iraq and Turkey, especially since the volume of trade between the two countries is very high, in addition to expanding external transfer outlets for importers in the euro currency,” stressing, “The Central Bank of Iraq has taken a number of measures that will contribute to reducing Dollar exchange rate.
He pointed out, “This agreement comes within the work strategy of the Central Bank of Iraq and the implementation of its plan to shift from the electronic platform for external transfers to transfers through correspondent banks to Iraqi banks, and to create multiple channels for external transfers, leading to the transfer of all local banks to external transfers via correspondent banks.” “.
964media.com
