Iran, Iraq mulling issue of official accounts based on rial and dinar
Baku, Azerbaijan, Jan. 13
By Elnur Baghishov – Trend:
The Iranian and Iraqi central banks are discussing the issue of opening official accounts based on rial and dinar, chairman of the Iran-Iraq Joint Chamber of Commerce Yahya Al-e Es'haq said.
The trade turnover between Iran and Iraq has always been based on dinar and rial. In some cases, some payments were made in dollars, Trend reports referring to Young Journalists Club (YJC).
Iran's export of goods to Iraq has reached $7 billion. The export of agricultural products, mining materials, building materials, household goods, technical and engineering services is expected to reach $20 billion, he said.
The sides expressed hope to resolve the financial problems, Al-e Es'haq said.