Iran announces it is addressing banking difficulties with Iraq and is preparing to activate financial agreements.
Iran announces it is addressing banking difficulties with Iraq and is preparing to activate financial agreements.
2026-08-20
Shafaq News – Tehran
The governor of the Central Bank of Iran, Abdolnaser Hemmati, stated that the existing obstacles to banking transactions between Iran and Iraq have been removed, confirming that the groundwork has been laid to utilize these resources in the coming weeks, following recent talks with Iraqi officials.
According to the Iranian news agency Mehr, Hemmati stressed the importance of collecting outstanding payments and accelerating economic interactions.
He stressed that one of the most important achievements in these negotiations, which he conducted during his recent visit to the capital, Baghdad, was the Iraqi Prime Minister’s agreement to issue guarantees to Iranian contractors by securing Iranian assets in Iraqi banks, noting that executive orders had been issued to that effect.
He added that the positive trend and the readiness of the new administrative team in Iraq opens new horizons for developing economic interactions and expanding trade cooperation between the two countries.
He pointed out that the government is suspending the implementation of monetary agreements pending the approval of the leadership, explaining that the memorandum on the release of Iranian monetary assets, although prepared with great efforts to serve the interests of the country, is currently suspended, and that all economic procedures and negotiations must be based on the national interest and with the approval of the leadership, which is what the government and the Supreme National Security Council insist on.
Regarding the management of monetary and income constraints, Hemmati pointed to the decline in oil revenues, considering this a comprehensive problem that also affects neighboring countries such as Qatar and Iraq, noting that the essential difference lies in Iran’s inability to access its monetary reserves due to their freezing by the United States.
shafaq.com
