Currency agreement between Iran and Iraq in the final stages
The director general of the International Bank for Reconstruction and Development (IBRD), who traveled to Iraq with a delegation from the Foreign Ministry to hold banking talks, announced the expansion of foreign exchange and banking cooperation between the two countries.
According to the International Iranian Stone Exhibition, Hamid Ghanbari, the International Director General of the Central Bank, who had traveled to Iraq with the Foreign Minister on Sunday this week to hold banking talks, said: "In this meeting, useful and constructive talks were held with the Iraqi side." The results will be finalized during the visit of the Iraqi Prime Minister and the accompanying delegation to Tehran.
He added: "It is expected that if this happens, a significant amount of foreign exchange resources, amounting to several billion dollars, will enter the market and a large part of the foreign exchange demand will be covered from this place."
It is worth mentioning that last year, a memorandum of banking and financial relations was signed between the central bank governors of the two countries, and according to Ghanbari, the talks on Sunday are a continuation of the memorandum and the visit of the central bank governor last month.
* ILNA
