Significant ambiguity in the return of Iranian money from Iraq
A member of the board of representatives of the Iranian Chamber of Commerce says that until the government clearly determines how the money blocked in Iraq will return to the country, it is not possible to comment definitively on its positive effects.
According to the International Iranian Stone Exhibition, Ali Shariati said: "Iran's economy in recent years due to sanctions and problems such as the outbreak of coronavirus has faced serious limitations in the field of foreign exchange resources and this has become a problem in managing some current issues." Therefore, the existence of blocked currency resources and the possibility of their release can be a strength for the country's economy.
According to him, what confronts the return of blocked resources to the country is the extent of their belonging to the government in the first place and the manner of their release in the second place, and therefore until an official explains about them. No, we can not talk about the positive aspects of it exactly. In recent months, various Iranian officials have discussed these sources during a visit to Baghdad, and the final outcome of these issues must be announced by these officials.
A member of the Iranian Chamber of Commerce, referring to the option that may have been used by the government in recent years to compensate for the resource deficit, explained: "Blocked Iranian currencies are a demand that can be returned to the country for reasons such as sanctions in recent years." Has not. In such circumstances, it is possible that the government has backed these currencies in print and used the resources of the central bank, and therefore, even if these currencies are released, the government will not be able to count on them.
Shariati said that the Iraqi government is also facing its own problems: "The fact that Baghdad has agreed to pay its debt to Iran is definitely a positive thing, but it is a question that Iraq has enough resources to return some of these currencies." Another question is whether issues such as credit line are also among the options or not?
He noted that the release of Iran's blocked resources and their return to the country, along with the help of government funding, could also increase hopes of improving economic conditions, but if the necessary arrangements are not made and the situation is not clearly described, This hope will be illusory, and this issue can ultimately be to the detriment of the country.
According to this report, a few days ago, the Secretary General of the Iran-Iraq Chamber of Commerce announced the imminent release of Iran's blocked foreign exchange resources in Iraq.
Under the influence of US sanctions, in the last three years, part of Iran's export revenue sources have remained in a number of countries and it has not been possible for them to return to the country.
