Blocked Iranian money is released in Iraq

Blocked Iranian money is released in Iraq
  • 2021-04-12
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The secretary general of the Iran-Iraq Chamber of Commerce says that despite the difficult conditions imposed by the Iraqi government on companies, Iranian currencies have been able to move in Iraq.

According to the International Iranian Stone Exhibition, Seyed Hamid Hosseini stated: "In the past years, one of the excuses that the Iraqi government had for not settling the money from Iran's exports was US sanctions, but in recent weeks, there have been openings in this regard and even talk." There has been talk of giving Iraq a 120-day deadline.

He said that talks on the release of Iranian money in Iraq will be followed during the visit of the Minister of Cooperatives, Labor and Social Welfare to Baghdad, said: The Iraqi Minister of Economy during the visit of Mr. Shariatmadari also spoke about the possible release of Iranian money And announced the readiness of the government of this country to cooperate in this field. Although Baghdad has set difficult conditions in this direction, the pretext for sanctions no longer seems to exist.

The Secretary General of the Iran-Iraq Chamber of Commerce also said about the conditions of the Iraqi government for the transfer of Iranian currency: "The conditions make it difficult for Iraqi companies to work in practice." For example, there is a need to obtain permission from all relevant ministries, or they have said that Iranian goods should be transferred to Iraq and after the evacuation is approved, money should be transferred, or in connection with opening the LC or how to pay the currency, but if and if there is but In general, although difficult, it is possible to transfer money.

Hosseini also explained the dimensions of the Iranian Minister of Labor's visit to Iraq: "One of the main dimensions of this visit is the presence of Iranian specialized forces in Iraq." Iraq has lost a large number of its forces in recent years, and some Iranian forces have been pursuing their work in Iraq individually.

He added: "With the finalization of agreements in this field, Iranian and Iraqi job search companies can examine the context of formal cooperation in the field of manpower in order to increase the two countries' income from these exchanges and grow bilateral cooperation in the field of manpower."

According to the report, during the visit of Mohammad Shariatmadari - Minister of Cooperatives, Labor and Social Welfare - Iran to Baghdad, the two sides will sign a five-year cooperation document.