Iraq ready to pay Iran’s debts, minister says

[Pitcher]

https://en.irna.ir/news/83825126/Iraq-ready-to-pay-Iran-s-debts-minister-says
 

Iraq ready to pay Iran’s debts, minister says

Baghdad, June 17, IRNA – Iraqi Minister of Finance Ali Abdul-Amir Allawi said in the meeting with the governor of Central Bank of Iran Abdonasser Hemmati that Iraq is ready to pay all the debts to Iran.

 

June 17, 2020

After the meeting, Hemmati told IRNA that Iraq has expressed readiness to pay back its debts to Iran and the previous agreements between Iran and Iraq and their implementations were discussed, adding that a big part of Iraq’s debts to Iran are due to gas and electricity sales.

The two senior officials stressed expansion of economic ties between Iran and Iraq in the meeting in which the Iranian Ambassador to Iraq Iraj Masjedi participated.

Hemmati also invited Allawi to Iran and the Iraqi minister of finance promised to make a visit to Iran in the first chance.

They also discussed the reduction of oil prices and the revenues and a way for compensating for budget deficit of OPEC members.

Referring to reductions in oil incomes, Allawi asked Iran to share its experiences in resistance economy.

He expressed surprise that Iran has been able to pass through the oppressive sanctions of the US and solved its problems and crises.

The governor of Central Bank of Iran arrived in Baghdad on Wednesday.

 

[Pitcher]

https://en.mehrnews.com/news/159913/Tehran-Baghdad-ink-new-financial-accord
 

Tehran, Baghdad ink new financial accord

TEHRAN, Jun. 17 (MNA) – The governor of the Central Bank of Iran (CBI), announced on Wednesday that under a newly penned financial framework between Tehran, Baghdad, Iran will use its financial resources in Iraq for purchasing basic goods and unsanctioned products.

Mehr News Agency

TEHRAN, Jun. 17 (MNA) – The governor of the Central Bank of Iran (CBI), announced on Wednesday that under a newly penned financial framework between Tehran, Baghdad, Iran will use its financial resources in Iraq for purchasing basic goods and unsanctioned products. 

Abdolnasser Hemmati made the remarks in Baghdad, where he had a meeting with his Iraqi counterpart.

"Iran will use its huge financial resources in Iraq for doing the purchases under the framework of this agreement," Hemmati said. 

The Iraqi governor Ali Mohsen Al-Alaq, for his part, explained that Iran's resources in Iraq are the revenues of the country earned from exports of gas and electricity to Iraq. 

"From now on, the resources will be used to export basic goods to Iran," he said.

Answering a question about the possibility of foreign influence on the agreement, he said the financial mechanism accord has been signed after agreement of all sides was gained and it is a transparent accord.

He added that the agreement has been internationally approved.

HJ/IRINN796673

[64jaguar]

Thanks Pitcher, I would think it would be beneficial for Iraq to pay them with RV'd Dinar rather than a boatload of it now! An RV would flood Iran"s coffers if you gave them all this Dinar at this rate..Unless they plan on paying them in Dollars.. imo... 

[danielchu]

DINAR after the revaluation would be international traded ..then iran would be banned from owning or trading them!