Iraq to ditch USD in debt payments to Iran
Tehran, Iran, Feb. 13
Iraqi Minister of Electricity Luay al-Khatib has announced the US sanctions will not affect the trade between Iran and Iraq, while the country will pay its energy debts to Iran in currencies other than USD.
“Iraq has signed a contract with Iran for electricity exports, but it should be noted that Iraq has rich energy sources and power imports will be temporary. We will continue to buy electricity until we fill our needs,” said Luay al-Khatib, Trend reports citing ILNA.
“Iraq’s debt payment to Iran has started and there is no problem concerning this issue.”
Responding to the question whether the US sanctions will affect the process of debt payment, he said, “Two Iranian private banks have been chosen to receive the payments and the Central Bank of Iraq is cooperating with them. The US sanctions cannot affect the financial transactions between the two countries, while the payments to Iran will be in a currency other than USD.”