NEWS
ECONOMY   Banks  

Iraqi PM Urges Rapid Implementation of Banking Deal with Iran

Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said Iraqi Prime Minister Adil Abdul-Mahdi has voiced “his firm support” for the banking deal reached between the two countries on Tuesday night and called for its rapid implementation.

“After a long and four-hour meeting last night with the governor of the Central Bank of Iraq, I had a very good and constructive meeting with the Prime Minister of Iraq on Wednesday, February 6,” Hemmati said in a post on social media.

“I appreciated his determination to develop political and economic relations between the two countries,” he wrote.

“He declared his firm support for the two sides’ banking agreement and urged the governor of Iraq’s Central Bank to quickly pursue and implement the deal,” Hemmati stated.

In a meeting between Hemmati and his Iraqi counterpart, Ali Mohsen al-Allaq, in Baghdad on Tuesday night, the agreement to develop a payment mechanism aimed at facilitating banking ties was signed.

In addition to natural gas and electricity, Iraq imports a wide range of goods from Iran including food, agricultural products, home appliances, and air conditioners.

Speaking at a joint press conference with Iraqi President Barham Salih in Tehran in November, Iranian President Hassan Rouhani said the value of trade and economic interaction between Tehran and Baghdad stands at around $12 billion, adding that the two neighbors have the potential for a $20-billion trade target.

Rouhani hoped that cooperation between Tehran and Baghdad would contribute to regional security and stability.

News No: 3588
Date: 2019/02/07 - 14:50
News Source: Tasnim News Agency

Iraq  CBI  Abdonnaser Hemmat  Adil Abdul Mahdi  Economy 

Comments:

Leave a Comment:

   
   
   
 

IMF Sees Deepening Recession in Iran Before Growth in 2020

The International Monetary Fund has forecast a deepening recession for Iran's economy this year, projecting real GDP growth of -6% in 2019 after a contraction of 3.9% the year before.
 

Iran, Iraq Resolved to Double Trade Volume

Iraqi Finance Minister Fuad Mohammed Hussein and Iranian Economy Minister Farhad Dejpasand pledged to spare no efforts to double the current volume of trade between the two countries.
 

CBI Governor: Hostile Move against IRGC Indicates US Desperation in Anti-Iran Measures

Governor of the Central Bank of Iran (CBI) Abdol Nasser Hemmati underlined that the US designation of the Islamic Revolution Guards Corps (IRGC) as a "terrorist organization" shows its failure in anti-Iran economic pressures and policies.
 

Tehran, Baghdad to Further Increase Banking Ties

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati, on the sidelines of his Sunday meeting with Iraqi Finance Minister Fuad Mohammed Hussein, said that banking relations between Tehran and Baghdad will be eased to lubricate transactions between the two countries’ businessmen.
 

Official: Iran-Iraq Joint Oil Fields Un-Damaged by Flood

Head of Iran’s Petroleum Engineering and Development Company Turaj Dehqani dismissed the rumors that massive floods have affected crude production in joint oil fields with neighboring Iraq.
 

Iran, Iraq Seal Deal to Develop 2 Joint Oil Fields

Iranian Oil Minister Bijan Namdar Zanganeh announced on Sunday that Tehran and Baghdad have reached an agreement to jointly develop two shared oilfields, namely Naft Shahr and Khorramshahr.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners