Iran, Iraq sign banking agreement

Business Materials 3 May 2017 18:47 (UTC +04:00)

Tehran, Iran, May 3

By Mehdi Sepahvand – Trend:

Iran and Iraq have signed a banking cooperation agreement focusing on brokerage relations between the central banks of the two countries.

The agreement was signed between officials from Iraq’s Central Bank and Trade Bank on one side and the Central Bank of Iran on the other, IRNA news agency reported May 3.

The two sides agreed to join in two weeks as a working committee to discuss further measures.

The agreement envisages opening a joint account in the euro, facilitating opening of branches, facilitating payments and transfers for tourists, as well as holding staff training courses.