"A war between America and Iran loses billions of dollars to the Kurdistan Region"

[yota691]

$ 12 billion worth of Iranian exports to Iraq

02:59 - 18/09/2018

 

 

 

BAGHDAD (Reuters) - 
The value of Iranian exports to Iraq reached 12 billion dollars, the head of Iran-Iraq Chamber of Commerce Yahya al-Ishaq said Tuesday. 
"The Middle East has a sensitive position in the international relations in the region, and the Iranian-Iraqi relations as influential in the region's fate are of great importance in all fields where the relations between these two countries are monitored," Al-Ishaq said in an interview with Tasneem newspaper. Fully by other countries in the region. " 
He added that "America and some Arab countries in the region are particularly sensitive to Iran and see that the strengthening of relations between Iran and Iraq is detrimental to its strategic objectives and plans. The Iranian-Iraqi relations are not born today, but are a comprehensive strategic relationship and a large part of the issues related to the two countries."
The president of the Chamber pointed out that "Iraq through its programs will become within 20 years one of the largest investment countries in the fields of infrastructure and trade," stressing that "Iraq has many economic characteristics for Iran because of the neighborhood and historical and cultural relations."

[yota691]

Iran reveals the proportion of exports of goods to Iraq within 6 months

05:10 - 25/09/2018

 

 

 

- 
The head of the Iran-Iraq Chamber of Commerce, Yehia Al-Ishaq, disclosed that exports of goods to Iraq registered 4.165 billion dollars in six months. 
"Between March 21 and September 22, 2018, Iran's exports to Iraq recorded $ 4,165 billion in growth," Al-Ishaq said at the Iran-Iraq trade forum in Tehran, according to Fars news agency. Price of 31 percent on an annual basis. " 
He pointed out that in the corresponding period of 2017 recorded exports of goods to Iraq $ 3.1 billion. 
He pointed out that there is a wide potential for the development of bilateral trade, calling for the use of joint investments in order to strengthen trade relations between the two countries

[yota691]

Iran prohibits the export of some foodstuffs to Iraq

 

money and business Economy News _ Baghdad The customs supervisor of the province of Khuzestan in southwestern Iran, the prevention of the export of a range of food to Iraq across the border market to the "attractive" port adjacent to the Iraqi Shaib crossing. Ghulam Reza Balouti said in a press statement, "The Economy News", that the decision to prevent goods comes to regulate the local market and reduce the rise in prices of these products unreasonably. He pointed out that the food items included in the resolution are tomatoes, sauce (tomato paste) and meat and types of bran and soy. Views 29   Date Added 09/27/2018

[yota691]

Trade exchange between Iraq and Iran is growing by more than 30%

 

money and business Economy News _ Baghdad The head of the Iraqi Chamber of Commerce Jaafar al-Hamdani stressed on the work to make Iraq a "destination" for the transport of Iranian goods to the countries of the region, while his Iranian counterpart said that the volume of trade exchange with Iraq registered a growth rate of more than 30% in the first half of this year. "This meeting in the current situation is important because Iran faces an economic embargo," he said during a meeting with his Iranian counterpart in the city of Mashhad. "The city of Mashhad, especially in the field of construction and infrastructure, has made good progress, and continued investment in these areas could pave the way for Iraqi investors." Al-Hamdani stressed "the importance of increasing Iraq's trade with Iran, and we are working to make Iraq a destination for the transfer of Iranian goods to the countries of the region." "In the first half of this year, the volume of trade between Iran and Iraq was more than $ 1.5 billion," he said. "The participation of Iraqi investors in the construction of housing projects in Iran, the participation of the two countries in the joint industries and solving the problem of various specifications of quality, as well as cooperation between the two national banks, are other areas of economic cooperation between Iran and Iraq." The head of Iran's Chamber of Commerce, Industry, Mines and Agriculture, Gholamhossein Shafie, said that the volume of trade exchange between Iraq and Iran has increased by 30% during the first half of this year, and it is possible to raise the level of trade exchange more than it is now. He added that Iran and Iraq need to expand their relations in other areas, especially the development of Iraq's infrastructure in the sectors of construction and industry. Shafie noted that Iraq and Iran have a very special geographic location in the region's economy. In addition to the local market, they can work together in the economy of the region, pointing out that Iraq is one of the most important trading partners of Iran in the region and the world. Views 146   Date Added 09/28/2018

[yota691]

TEHRAN: Iraq is the second largest importer of Iranian goods in six months

01:08 - 07/10/2018

 

 

 

BAGHDAD (Reuters) - 
Iraq is the second largest importer of Iranian goods during the period from March 21 to September 22, 2018, 
according to data released by the Iranian news agency Fars. The largest importer of Iranian goods, to supply 9.618 million tons of goods worth 4.564 billion dollars during the period of March 21 to September 22, 2018 with a growth rate of 44.58 percent and 45.32 percent year on year. 
"China topped the list of importers with 13.703 million tons valued at 4.633 billion dollars with a price growth of 11.62 percent," the data added. 
The data showed that "exports of Iranian goods to the UAE dropped by 0.8 percent and grew by 33 percent during the six months mentioned and ranked third."
"The value of exports of non-oil goods recorded 23 billion and 123 million dollars during the period from March 21 to September 22, 2018, with growth of 13 percent compared to the corresponding period 2017," the customs authority said. 
"In the six months in question, exports amounted to 56 million and 644 tons of goods, down 3.6 percent year-on-year," she said. 
In contrast, the data indicated that "imports recorded 22 billion and 182 million dollars during the period of March 21 to September 22, 2018, down by 11.93 percent over the corresponding period 2017." 
"The volume of imports amounted to 16 million and 220 thousand tons, down 9.3 million tons from the previous year." 
The data confirmed that "China, Iraq, the United Arab Emirates, Afghanistan and India topped the importing countries for Iranian goods."

[Butifldrm]

 

2018/10/14 15:24

• Number of readings 14
• Section: Iraq
•  

Iran: Iraq is not ready to keep its partners open and attractive

 

 

BAGHDAD / The governor of Khuzestan, Ghulam Reza Shariati, said on Sunday October 14, 2018, that the infrastructure in Iraq is not ready to keep commercial and attractive openings open during the visit of the late Imam Hussein.

"The Iraqi Interior Ministry and the Islamic Republic agreed to be an attractive and attractive outlet in the southwest during a visit to the shrine of Imam Hussein," Shariati said in an interview with Iranian media.

"A commercially attractive outlet is expected to close on Wednesday (October 17th, 2018)," he said.

Shariati stressed that "the activity of the perpetrators will be re-commercialized after the return of visitors at the end of the visit to the shrine of Imam Hussein peace be upon him."

Follow the obelisk

 

http://almasalah.com/ar/news/153012/ايران-العراق-غير-مستعد-لابقاء-منفذي-شلامجة-وجذابة-مفتوحين-تجاريا

[yota691]

Iraq will be the first destination for Iranian exports

 

money and business Economy News _ Baghdad Iran's exports to Iraq from March to September 2018 amounted to 4.5 billion dollars, the secretary of the Iranian-Iraqi Chamber of Commerce Hamid Hosseini said on Tuesday, stressing the country's plan to turn Iraq into an export destination.  Hosseini said in an interview with "Irna" and read by "Economy News", the increase of Iranian exports to Iraq by 45 percent, announcing the export of 9 million tons of local goods to Iraq.  He added that the reconstruction of Iraq helped the flow of building materials and food to Iran, especially in its northern cities and the cities of Kirkuk and Mosul, after the return of its people in the wake of the defeat of Dahesh.  "Yesterday we had a useful meeting with members of the Mosul Chamber of Commerce for the first time in 15 years, which means there is a desire by the Iraqi side to import Iranian goods," Hosseini said. Husseini expressed his belief that the Iraqi dinar could be employed in this trade exchange, even in the export of gas, electricity and popular trade. Views 314   Date Added 16/10/2018

[Butifldrm]

Iran determines the nature of the work of consulates in Iraq for the next stage

The Iranian Embassy in Baghdad

 

21 minutes ago

 

Digital Media NRT

The Iranian ambassador to Iraq, Erj Musjidi, said Thursday that the focus of the work of Iranian consulates in Iraq will be economically in the next stage.

This came during a meeting held at the Iranian consulate in Najaf and attended by officials of the Iranian consulates in Najaf, Karbala, Basra, Sulaymaniyah and Erbil , IRNA reported.

He added: "Given the development of the deep relations between Iran and Iraq, especially in terms of reconstruction and construction, the economic movement must continue to move, which means the participation of Iranian companies and their efforts to take advantage of investment opportunities and cooperation available in the framework of joint cooperation with Iraq .

He stressed the need to "sustain the qualitative leap" achieved in the exchange of goods produced between Iran and Iraq and bilateral cooperation in order to develop the trading system of the two countries and prepare the necessary ground in earnest to increase the export of productive goods, services, energy and tourism .

Each Iranian consul presented during the meeting an explanation of the nature of the joint relations with the Iraqi province in which the consular headquarters is located, and all stressed the need to develop these relations and work on the proposals put forward at the meeting .

"Every Iranian agent in Iraq has a responsibility to identify sources that have a design advantage in industry and commerce, " said Nasser Behzad, the Iranian trade attaché in Iraq .

"The strategy of the Ministry of Industry, Minerals and Trade is based on overall planning and pays special attention to important export markets. This requires careful planning in the required market and the collection of comprehensive information based on geographical compatibility, " Behzad said.

The second US sanctions package is due to go into effect on January 4, with sanctions on anyone buying Iranian oil.

http://www.nrttv.com/AR/News.aspx?id=5571&MapID=2

[yota691]

Iran says exports of non-oil goods to Iraq rise to 5.4 billion dollars

Date of release: 2018/10/20 16:17 • 16 times read

The exports of these non-oil goods to the Iraqi market have reached a qualitative leap according to the statistics recorded by the Iranian Customs Corporation. The value of exports of these commodities reached 5.4 billion dollars during the last six months.

"During the first half of the current solar year, the Iranian exports to the Iraqi market of non-oil goods achieved a qualitative leap compared to the same period last year, despite the fact that the rate of exchange rate of the dollar reached 44% , And this indicates an acceptable development in this aspect. " 
"The Islamic Republic of Iran is currently exporting 60 per cent of its total non-oil exports to three countries, namely China, Iraq and the United Arab Emirates. The export of these goods to Iraq is 20 per cent," Behzad said. 
He stressed that "during the first half of the current solar year, the export of [1900] type of Iranian goods to the Iraqi market," noting that 'most of these goods are of plastic, metal, food, animal and mineral construction, textiles, machinery, machinery and others.
The Iranian exports of non-oil goods to Iraq had recorded during the six months of the current year of solar الشمسي (9,618) tons, valued at {4,564} million, and made progress compared to the same period last year. 
While the value of Iranian goods exported to Iraq for the current year {850} million dollars of plastic materials and types of goods manufactured from ordinary metals, and {650} million dollars of other manufactures, and {600} million dollars of food products and milk and juices Soft drinks and goods exported to Iraq, which accounted for the lowest percentage of vegetable oils, leather and industrial oils, and old and valuable goods whose value is not less than $ 10 million.

[Butifldrm]

Iran: We have in Iraq 79 companies and trade exchange exceeded 8 billion

 

 Twilight News    

 28 minutes ago

The Deputy Prime Minister for Economic Affairs, Finance Minister Fouad Hussein, received in his office in Baghdad Irj Musjdi, Iran's ambassador to Baghdad and his accompanying delegation.

During the meeting, they reviewed the historical relations between the two countries and means of enhancing them and developing them for the benefit and benefit of both peoples.

For his part, Fouad Hussein said that Iraq looks forward to building strong and strong relations with its neighbors based on common interests, stressing the need to protect those relations in order to create a stable environment in the region.

He added that the challenge facing the federal government seriously in the economic aspect lies in building a strong and fruitful economic vision and philosophy, which is moving in the light of developments and reality, pointing to the need to diversify sources of income and not rely entirely on oil, and the elimination of unemployment and reconstruction of the dark thought, Need to pay attention to the sectors of industry, agriculture, tourism and investment.

Masjedi said that the volume of trade exchange between the republics of Iraq and Iran reached eight and a half billion dollars annually, and that there are 79 different Iranian companies operating in Iraq in the fields of energy, construction, tourism and infrastructure and the size of the projects of these companies amounted to ten billion dollars.

He pointed to the increase in the number of tourists between the two countries significantly from previous years.

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/08772c32-dcb0-404d-b480-093fa292e62f

[yota691]

Iraq and Iran respond to a report on the suspension of trade movement between the two countries

 

 

 Twilight News    
 2 hours ago

The Iraqi and Iranian governments on Tuesday denied what was being circulated about the suspension of commercial traffic through land border crossings between the two sides.

The General Authority of Customs in the Iraqi Ministry of Finance said in a special clarification to the twilight news that "there was a technical failure sonar equipment led to delays for a number of hours," adding that "after the solution of the issue resumed work and normal ports all."

"There is no stopping or stopping the commercial movement in any land border crossing with Iraq, and the movement of trucks is normal," said Shahriar Haidari, head of border crossings at the Interior Ministry.

He said that "technical problems occurred in the customs field from the Iraqi side as it has made changes in this area," stressing the solution of problems and resume work.

The newspaper "Iran" reported in its issue on Tuesday that the Iraqi authorities have prevented the entry of Iranian trucks carrying food commodities, building materials, and other petrochemicals through their land border.

The newspaper said in a report published today that Iraq has prevented since Monday movement of its land border crossings in front of Iranian trucks loaded with food, construction equipment and petrochemicals, especially within the borders of the Qasr Shirin and Mehran, under the pretext of protests of Iraqi truck drivers and disable sonar in The Iraqi side of the crossing.

The newspaper quoted sources as saying that Iraq had begun to invent excuses and find obstacles to commercial movement with Iran.

The head of the Iran-Iraq Chamber of Commerce, Yahya al-Ishaq, earlier told Fars news agency that the volume of trade exchange between the two countries amounted to 12 billion dollars annually, and is scheduled to reach this year to 20 billion.

The second package of US sanctions on Iran entered into force in early November, this time involving the oil and banking sectors.

The US decision is to prevent all foreign countries, entities or companies from entering the US market if they decide to proceed with the purchase of Iranian oil or continue to deal with Iranian banks.

 

Keywords: 

[yota691]

Iraq is the first destination of Iranian exports by 5.7 billion dollars in seven months

 Twilight News    
 2 hours ago

The head of Iran's Trade Development Organization, Mohammad Reza Mudoudi, said Iraq had been the first destination for Iranian goods exports in the past seven months of this year. 
In the past seven months, exports of Iranian goods to Iraq have increased by 55 percent to $ 5 billion and $ 700 million, Mudoudi said. 
"Despite the restrictions imposed, exports to China have increased by 11 percent in terms of value and have been second only to Iranian goods exports," he said. 
The deputy head of the Trade Development Organization pointed out that non-oil exports during the past seven months reached 27 billion and 200 million dollars, indicating a 13 percent increase in value.
He pointed out that the value of exports of condensate and petrochemical products amounted to about 11 billion dollars, and the value of exports of the industrial sector amounted to 12 billion and 400 million dollars, which indicates the prosperity of production in the country.

Carpet exports fell by 14 percent due to a halt in exports to America, but the agricultural sector grew by 22 percent and exports of agricultural crops reached 2 billion dollars, Mududi said. The head of the trade development organization said the trade balance of the country had achieved a surplus of one billion dollars. He pointed out that the registration of applications for the import of goods since the beginning of the current Iranian year (began on 21 March 2018) and so far amounted to 61 billion and 500 million euros, where the central bank provided 20 billion euros, and we estimate that we need 25 billion euros.

"If we move forward in this direction, foreign currency will be supplied and we will not have a problem with the supply of commodities," Mudoudi said.

Keywords: 

 

[yota691]

Iran to export goods to Iraq worth over $ 5.5 billion

 

money and business Economy News _ Baghdad The Director General of the Office of Foreign Trade Services of the Organization for Trade Development of Iran, said Friday that his country exported in the past seven months of this year, goods worth 5.5 to 6 billion dollars to Iraq. "Neighboring countries' markets account for 80 percent of the main objective of Iranian goods exports, and one day the European markets have not been a major target for the export of Iranian goods," Farhad Nouri told the official Tasnim news agency. "Some Iranian goods are still exported to the European markets despite the imposition of sanctions on Iran by America." "Iraq is Iran's first trading partner and we have good exports to this country," Nuri said. "During the seven months of this year, 5.5 to 6 billion dollars of different goods were exported to Iraq through border markets." Views 10   Date Added 30/11/2018

[yota691]

Iran, Iraq to sign currency swap deal to facilitate trade: official

Source: Xinhua| 2018-11-18 20:12:55|Editor: xuxin

 

 

 

TEHRAN, Nov. 18 (Xinhua) -- Iran and Iraq are in talks to finalize a currency swap agreement in a bid to boost trade ties between the two neighboring countries, a trade official was quoted as saying by Tasnim news agency on Sunday.

Iraq is a lucrative market for Iranian goods, and Iranian exports to the Arab country have increased by 30 percent over the past seven months, Yahya Ale-Eshaq, chairman of Iran-Iraq Chamber of Commerce said.

In the mentioned period, goods worth about 6 billion U.S. dollars have been exported from Iran to Iraq, Ale-Eshaq said.

He stressed the necessity to finalize a monetary pact between Tehran and Baghdad, saying the central banks of the two countries have held talks to sign a currency swap deal.

A currency swap, also known as a cross-currency swap, is an off-balance sheet transaction in which two parties exchange principal and interest in different currencies.

The purpose of a currency swap is to hedge exposure to exchange rate risk or reduce the cost of borrowing a foreign currency.

Iran's main exports to the neighboring country include agricultural products, foodstuff and fruits such as watermelon, tomato and cucumber.

Other Iranian exports to Iraq include canned food, tomato paste, chicken, egg, meat, construction materials, steel and evaporators.

Iranian President Hassan Rouhani said Saturday that his country would try to raise the level of annual trade between the two neighbors despite the amounting pressures of the United States against the Islamic republic.

"The economic trade between the two countries hits about 12 billion U.S. dollars (per year) and, through bilateral efforts, we can raise this figure to 20 billion dollars," Rouhani said in a meeting with the visiting Iraqi President Barham Salih.

[Butifldrm]

 

Iran talks about making its products inside Iraq

 

 

Twilight News    

 6 hours ago

The head of the provincial council of Karbala, Nasif Jassem al-Khattabi, said that the provincial officials welcome and support the investments of the Iranian productive companies in the province. 
During an inspection visit with Iranian ambassador to Iraq Erj Musjdi of the branch of the Iranian company "Kala" for milk and cheese near the city of Karbala, Al-Khattabi pointed out that the presence of companies such as "agency" helps to revitalize the economy of the province and provide employment opportunities and is welcomed by officials and citizens. 
Al-Khattabi stressed that the Karbala provincial council is ready as a local government to provide any possible support to the large and successful Iranian companies to open branches and factories in Karbala and to initiate the production process in Iraq. 
He pointed out that one of the objectives of Karbala province administration is to support these companies to upgrade the quality and quality of products and even obtain the necessary licenses to export products outside Iraq or even to Europe.
For his part, the Iranian ambassador in Baghdad that Iran will remain in a stage after the urging of the people and the government of Iraq, the friendly and brotherly country. 
"We emphasize the presence of productive companies and the manufacture of Iranian products inside Iraq and the transfer of technology." 
He added that "Iranian companies can at the current stage to move from the stage of importing products and selling them in the Iraqi market to the stage of investment in Iraq and cooperation with the Iraqi side for the production facilities and facilities and local workforce." 
On the other hand, in a speech during a meeting of officials of Iran's cultural institutions in Iraq, Ambassador Masjedi announced that Iran's exports of non-oil goods to Iraq will reach between 8.5 and 9 billion dollars until the end of the current Iranian year (ends on 20 March 2019).
Masjedi said that despite developments in recent months, as well as problems such as dealing with the dollar, the trade relations between the two countries in recent months have developed. 
He added that while the total value of Iran's non-oil exports to Iraq last year 6.5 billion dollars, it is expected in the current pace to increase the number to between 8.5 and 9 billion dollars by the end of the year (Iran). He explained that Iran's gas exports to Iraq, which was 12 million cubic meters per day has risen to 20 million at the present time. 
The Iranian ambassador said: Iraq is the first country of exports of Iranian goods, and was third after China and the UAE previously. The meeting was scheduled to be held in Basra in the presence of senior economic activists and ministers and governors of the two countries, among the new achievements to develop economic cooperation between the two countries.
The total trade volume of Iraq with the countries of the world about 190 billion dollars annually, Iran's share of them with the calculation of electricity and gas about 14 billion dollars, or about 7 percent.

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/6b9d6a8d-16de-448c-ba52-a67fc4f300f7

 

[yota691]

Iranian exports to Iraq increased 66% in eight months

11:00 - 11/12/2018

 

 

 

BAGHDAD - 
The value of exports to Iraq in the first eight months of this year amounted to $ 6.757 million, or 66.59 percent in value and 66.14 percent in weight, compared to the same period last year. 
According to the agency "Arna" Iran, and the Iranian non-oil exports 75 million and 270 thousand tons in the first eight months of this year, worth 31 billion and 491 million dollars. 
Iraq has always been the second largest market for Iranian exports in recent years, and in the past two months, Iraq has ranked first among countries exporting destination of the country. 
In October of this year, Iraq's imports from Iran increased by 3 million and 745 thousand tons. In this way, Iraq ranked in the statistical tables, ranking first among the countries importing from our country.
A survey of customs statistics showed that in the first eight months of this year, 14 million and 215,000 tons of goods were exported to Iraq, which comprised 18.89 percent of the weight of exports. 
The main components of Iran's exports to Iraq include 'steam turbine parts', 'plates, thin plates and plastic tapes', dairy products such as milk, cheese, cream and ice cream, household appliances, sanitary ware, fruit and vegetables .anthy 29 / a 43

[yota691]

 

Iraq at the top of the participants in the exhibition of Iran Expo 2018

 

14-12-2018 09:02 AM 
Number of Views: 46

Agency of the orbit -

Follow-up 

of the Iraqi businessmen, traders and economic activists participating in the exhibition 'Iran Expo 2018', which is located in Tehran at the present time. 

"Iran Expo 2018 is an important event to identify Iran's export capabilities," said Iranian Trade Attaché in Iraq, Nasser Behzad, noting that '64 traders, businessmen and private sector companies from various governorates of Iraq are participating in the exhibition to identify the possibilities Offered and conduct trade cooperation talks'. 

"There are 80 Asian, African and European countries participating in the exhibition," Behzad said, adding that "the biggest participation belongs to Iraqi merchants and businessmen." 

It is worth mentioning that the exhibition "Iran Expo 2018" was opened on Thursday, December 13, 2018, at the International Exhibition Center of the month of Aftab (the city of the sun) in Tehran, and will continue until next Sunday.

The exhibition includes: electricity and energy, petrochemicals, mines, construction industry, engineering technical services, medical equipment and hospital equipment, cellulosic health goods, hand tools, home appliances, furniture and management decorations, carpets, leather and clothing, agricultural crops, food industries, industrial equipment.

 

 

[yota691]

We hope to increase trade with Iraq to 20 billion dollars

 

Sunday, December 16,

 

 

Alsumaria News / Basra The Iranian ambassador to Iraq, Erj Musjdi, said during a joint economic meeting held in Basra on Sunday, with the participation of industrialists and traders, Iranians and Iraqis that his country aspires to raise the level of trade with Iraq from 10 billion to 20 billion dollars, while the local government in Basra Its desire to establish free trade zones on the border.  He said mosques in a speech during the forum , which was held at the Oil Cultural Center said that " the common border between Iran and Iraq extends 1400 km long, which secure borders, and we have ten effective outlets border with Iraq , pass daily through which hundreds of trucks , " noting that "Iraq after liberation Of the gangs of the Mujahideen and the security forces, the Islamic Republic of Iran as it was alongside Iraq in the war against Daash will be with Iraq today for reconstruction and construction.     "The trade exchange between Iran and Iraq reached 10 billion dollars, in addition to the export of gas and electricity, and there are millions are reluctant to trade, treatment and study, a unique situation between the two countries," he said, adding that "the new Iraqi government hope to reach trade between The two countries to 20 billion dollars. "  The Iranian ambassador pointed out that "the Islamic Republic has an embassy and five consulates in Iraq all strive to strengthen cooperation and communication," explaining that "the economy is gaining great importance in foreign relations between countries, and we believe that Iraq needs Iran, Iran needs Iraq." For his part, Governor of Basra Asaad al-Eidani said in a speech at the forum that "it is necessary to seek economic integration with our neighbors, especially with the Islamic Republic of Iran, especially under the current circumstances," adding that "our ambition in this area focuses on the establishment of commercial areas Free near the border crossings. "  It is noteworthy that Iraq enjoys strong economic relations with Iran, and Iranian goods are one of the most imported goods in the Iraqi market, has been selected to Basra to establish a joint economic forum as the capital of Iraq's economic.

[6ly410]

MONDAY, DECEMBER 17, 2018

Iraq-Iran negotiations on adopting local currencies

http://www.iraqtradelinknews.com/2018/12/iraq-iran-negotiations-on-adopting.html?m=0

4:19 PM  ADMIN  

 

 

 

 

 

Tehran/ Iraq TradeLink: Negotiations are under way between the Central Bank of Iraqand the Iranian

Central Bank to put the final touches to start official arrangements to use local currencies in trade between the two countries.

 

Chairman of the Iranian-Iraqi Chamber of Commerce Yehya al- Is-haq stated that the Iranian exports in 8 months of this year was equivalent to the exports of the whole lastyear, which reached to 8 billion dollars.

 

If the agreement is finalized, both countries can open LCs to each other.

  

The current payments are done through exchange offices and limited number ofbanks, Is-had added.

 

[dinarbeleiver]

I wonder if Iran is going to match iraq currency reform and behind the scenes trump is negotiating a new nuclear deal

[jmartin1145]

4 minutes ago, dinarbeleiver said:

I wonder if Iran is going to match iraq currency reform and behind the scenes trump is negotiating a new nuclear deal

I very seriously doubt that. Everyone knows that you cant trust the current Iranian regime.

[dinarham]

Who has the power?  We don't need to trust the Iranians 

[jmartin1145]

22 minutes ago, dinarham said:

Who has the power?  We don't need to trust the Iranians 

Very good Point. Thanks

[jmartin1145]

8 minutes ago, jmartin1145 said:

Very good Point. Thanks

The reason I said (Very good point)I was thinking spiritually. I really believe we are in the end times. I am by far not perfect, but I confess to my Lord Jesus Christ. Please pray for this country.

[Butifldrm]

 

Iran negotiates Iraq to use the riyal and dinar in commercial transactions instead of the dollar

By Rudao 5 hours ago

Iran wants to open credit between the banks of the two countries to use the riyal and dinar in commercial transactions between them

RODAO - Arbil 

The Central Bank of Iraq and the Central Bank of Iran are negotiating to "finalize" the credit between the banks of the two countries to use the riyal and dinar in trade transactions between them, instead of countries, as revealed by the Iranian news agency "Tasnim" on Monday . 

"Iran has no problem with exports to Iraq," Yahya al-Ishaq, head of Iran-Iraq Joint Chamber of Commerce, was quoted as saying. 

"The Iranian exports to Iraq during the past eight months, equivalent to the total exports last year, and amounted to 8 billion dollars." 

He said that "negotiations are underway and close to completion between the central banks of Iran and Iraq to be the process of opening credit through banks and formally through the adoption of the riyal and the dinar."

"If the agreement is signed by both countries, the banks of both countries will be able to open L / C credit to each other," he said. 

From 21 March to 21 October 2018, Iranian exports to Iraq grew by 67% compared to the same period last year.

http://www.rudaw.net/arabic/business/171220181