Iran, Iraq Urged to Use National Currencies in Economic Transactions

Iran’s first vice president said that Tehran and Baghdad should use their national currencies in economic and trade exchanges.

News ID: ۸۴۰۷۵۶

06 May 2024

EghtesadOnline: In a meeting with Iraqi Trade Minister Atheer Daoud Salman Al-Ghariri, Mohammad Mokhber referred to the friendly, historical and cultural relations between the two countries and said the two sides should use their national currencies, instead of the currency of a third country, in bilateral trade and economic transactions.

Iran attaches great importance to its relations with Iraq, he said, expressing hope that the two countries would witness evermore progress in all areas.

Mokhber emphasized the need for expanding economic relations and promoting the level of trade cooperation between Iran and Iraq.

He went on to say that the private sectors of the two countries can play a leading role in enhancing trade and economic relations.

It is necessary that joint economic cooperation commission of the two countries should first identify the obstacles in the way of the development of bilateral relations and then embark on removing the trade barriers.

The Iraqi minister of trade, for his part, said that Baghdad is determined to strengthen its relations with Tehran in all areas, especially in the fields of trade and economy.

Al-Ghariri also said that Iraq is a lucrative market for Iranian goods and products. / Tasnim