The exchange of banking between Iraq and Iran is based on the dinar

[6ly410]

Official: Iran-Iraq Banking Problems Settled

TEHRAN (Tasnim) – Secretary of Iran-Iraq Chamber of Commerce said the obstacles to banking interaction between the two neighbors have been settled and the bilateral trade exchange is fairly normal.

 

https://www.tasnimnews.com/en/news/2019/03/11/1966470/official-iran-iraq-banking-problems-settled

 

 

 

In comments at a televised program on Sunday night, Hamid Hosseini said the problems with banking relations between Iran and Iraq have been resolved and the process of exports to Iraq as well as trade exchange with the Arab country has become stable and much better than before.

Iranian exporters’ concerns about trade with Iraq under a currency agreement have been addressed, the official noted, expressing hope that the process of steady trade exchange with Iraq would continue in the coming Iranian year.

Hosseini pointed to a 32-strong delegation of Iranian private sector’s business people accompanying President Hassan Rouhani in an ongoing trip to Iraq, saying the presidential visit will produce perfect results for the private sector.

A large number of technical and engineering projects worth 7 to 8 billion dollars which Iranian private sector companies were carrying out in Iraq have remained unfinished since the rise of the Daesh (ISIL) terrorist group in 2014, the official said, hoping that Rouhani’s trip would help address the issue.

Heading a high-ranking delegation, Rouhani left Iran for Iraq at the official invitation of Baghdad.

It is Rouhani’s first official visit to Iraq during his tenure.

In February, governors of the central banks of Iran and Iraq signed an agreement to develop a payment mechanism aimed at facilitating banking ties between the two neighboring countries.

Speaking at a joint press conference with Iraqi President Barham Salih in Tehran in November, 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.

[ChuckFinley]

Well, that was pretty fast. 

[Butifldrm]

 

2019/04/07 17:36

• Number of readings 79
• Section: Iraq
•  

The exchange of banking between Iraq and Iran is based on the dinar

The Governor of the Central Bank of Iran Abdul Nasser Hamati discussed with Finance Minister Fuad Hussein on Sunday, April 7, 2019, the fields of banking and financial exchange between the two countries, raising the volume of trade between the two sides and balancing exports with imports and ways of repaying the Iranian debt in Iraq.

According to the Iranian websites, Hamati pointed out during the meeting that the aim of this meeting is to follow up the financial and monetary issues and improve the economic and political relations between Iran and Iraq.

He said that the volume of trade between the two countries is currently in an appropriate position and given the floors suitable for both sides, we can by using the new energies to find a balance between exports and imports.

He pointed out that the obstacles to the activity of the branches of Iranian banks in Iraq, stressing that the banking exchange between Iran and Iraq is based on the dinar, and that this issue in fact is the key to strengthen banking relations between the two countries and affect all issues and hence work to resolve the obstacles And facilitate the activity of Iranian banks in Iraq.

Fouad Hussein expressed his satisfaction with his visit to Iran and the growing trade and political relations between the two countries. He said that the trade relations between the two countries are growing and that the idea of balancing foreign trade between Iran and Iraq will serve the two countries and on this basis we look forward to further discussions to reach a new mechanism in this field. .

Follow the obelisk

http://almasalah.com/ar/news/168251/التبادل-المصرفي-بين-العراق-وايران-يجري-على-اساس-الدينار

 

[navira]

They are going to be using the dinar...Just in time for the financial admin law to be voted in. Wow...Let's go April 29-may 1. Cheers all

[navira]

The demand for the dinar is going to skyrocket...yahoo

[navira]

The key word....is the MECHANISM

[6ly410]

final stretch bro

[6ly410]

LETS GO RVVVVVVVVVVV!!!!!!!

 

Edited April 7, 2019 by 6ly410

[miquel]

32 minutes ago, 6ly410 said:

final stretch bro

I know you've never called it but is it champagne time yet? 

Edited April 7, 2019 by miquel

[6ly410]

Just now, miquel said:

Champagne time? 

haha

[screwball]

On 4/7/2019 at 4:03 AM, GreedyDinar07 said:

My question is will the International Community, the World Bank and the IMF allow this to continue, why haven't the auctions, stop forced them to use their own currency and called in all of the loans that other countries have given them evidently Msdhi cares nothing about his people or his country he is worse than Malaki...and he is bold about it..Sadr is a total dumbass for picking him...no we are going in reverse all over again....F%# Iraq bring our Military home and let them stay in the stone ages...they played all of us for a fool...I am done this is too unhealthy...!!

You would think auctions would have to stop....trading in each owns currency makes no difference if usd are still sneaking over the border and be Ng smuggled out through auctions. They must end.

[screwball]

And dinar would need value....

[screwball]

And if you remember trump said NO USD!

[Hotcurl]

6 hours ago, 6ly410 said:

http://www.irna.ir/en/News/83268521

Economic problems hinder expansion of Iran-Iraq trade exchange

Tehran, April 7, IRNA - Head of Iran chamber of commerce, Mine and Industry said on Sunday that the current level of trade exchange between Iran and Iraq is not satisfactory and relative problems to this end should be removed to help increase to a desirable level.

 

There is no doubt that regular talks between the two sides officials play a very prominent role in broadening economic cooperation between Iran and Iraq in various economic sectors, Gholam hossein Shafei said.

The Islamic Republic of Iran is to broaden strategic cooperation with its neighboring countries and Iraq in particular as the country's private sector will play a very prominent role to this end, he said.

To further increase volume of trade exchanges, the two sides should sign MoU on promoting free trade, set up free trade economic zones, setting up international shipping companies and issuing economic visa for both sides' businessmen, he said.

 

I wouldn't open a freakin' Lemon-aid stand with this guy. He looks like some homeless dude in San Francisco, just pulled off the streets for a photo OP ............... 

"Show me the" .................   

Semper Fi

RV there yet ?

[6ly410]

31 minutes ago, screwball said:

And dinar would need value....

 

[6ly410]

Sunday, April 7, 2019

Iranian Central Bank Governor to visit Iraq

 

 

Tehran/ Iraq TradeLink: It is expected that the Iranian Central Bank Governor Abdolreza Hemmati will visit Baghdad to complete the financial and banking arrangements between the two countries, according to Iranian media sources.

The sources added that agreement was reached during the visit of Iraqi Premier Adel Abdul Mehdi to Tehran that Hemmati will visit Baghdad at the soonest to complete the financial and banking talks between the two sides.

 Hemmati will meet his counterpart and other financial officials.

Iraq imports Iranian electricity and gas with the amount of more than four billion dollars at the present time.

The total trade figures between the two sides reached to 12 billion dollars, economic sources reported.

Earlier, Hemmati visited Baghdad to solve the problems of the Iranian
exporters on the transfer of foreign currency.
 

http://www.iraqtradelinknews.com/2019/04/iranian-central-bank-governor-to-visit.html?m=1

[NoviceInvestor]

10 hours ago, ChuckFinley said:

Well, that was pretty fast. 

It was fast but will it result in the outcome we hope for “soon” including that txt from AM 😊

[yota691]

Central Bank of Iran: The exchange of banking between Tehran and Baghdad is conducted on the basis of the dinar

 

Sunday, April 7

 

 

Alsumaria News / Baghdad confirmed Iran 's central bank governor Nasser Hemmati, Sunday, that the banking exchange between Tehran and Baghdad are based on the dinar, as pointed out that the trade volume between the two countries is currently in an appropriate situation. "The aim of this meeting is to follow up the financial and monetary issues and improve the economic and political relations between Iran and Iraq ,  " Hamati said during a meeting with Iraqi Finance Minister Fuad Hussein , adding that "the volume of trade between the two countries is currently in a favorable position. To the floors suitable for both sides, we can by taking advantage of the new energies to find a balance between exports and imports. "   He pointed out that "the obstacles to the activity of branches of Iranian banks in Iraq," noting that "the exchange of banking between Iran and Iraq is based on the dinar and that this issue in fact is the key to strengthen banking relations between the two countries and affect all issues and hence should work to resolve the obstacles and facilitate the activity of Iranian banks in Iraq. "   For his part, said the Iraqi Finance Minister that "trade relations between the two countries is growing," pointing out that "the idea of balancing foreign trade between Iran and Iraq will serve the two countries."