05 November 2018 - 17:54

Iran to Open Special Account in Iraqi State-Owned Bank

Vice president of Iran's Chamber of Commerce's investment commission says Iran is going to open a special account in an Iraqi state-owned bank,adding granting waiver to Iraq by U.S. is based on having non-dollar transaction with Iran.
News ID : 93379
پرچم ایران و عراق

Talking to IBENA's reporter, Mahdi Alipour said Iran's exports payment will be in a bank in Iraq, but its details have't been declared officially yet, going on to say that indisputably opening the account is in an Iraqi state-owned bank in dinar or euro.



He referred to Iraq government's problems regarding supplying power in last year and the country's people protest, mentioning Abdolkarim Mousavi, Director General of Iraq's gas, emphasized that Iraq needs more than 1000 megawatt power from Iran.



Alipour stated that Trump Administration has exempted 8 countries from importing Iranian oil and Iraq is one of them. He said U.S. let Iraq has trade with Iran without dollar, so Iran-Iraq financial communications have to be in dinar or euro.



Vice president of Iran's Chamber of Commerce's investment commission stressed that Iraq's finance Ministry and Foreign Ministry's Committee urged that Iraq government's liabilities to Iran should be paid in dinar.



Regarding the possibility of using the account for imports from Iraq, Alipour said undoubtedly it is possible, but more Iranian products are exported to Iraq.


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