BAKU, Azerbaijan, Mar.10
Trend:
A proper mechanism has been set for Iran to use its blocked assets in Iraq, said the Iranian government spokesman.
It has been approved that these financial resources would be used for Iran's consumption needs, said Ali Rabiei, Trend reports citing ISNA.
"The Governor of the Central Bank of Iran has recently held various meetings with the Iraqi officials and Central Bank of Iran, and a proper mechanism has been set on the agenda for Iran's current resources that were previously prevented to be released by the US," he said.
"The new US administration has reduced the pressure that was imposed by Trump against Iran's access to its assets in other countries. It seems that these countries have been informed about this subject. Although these measures are not sufficient and Iranian government would try to release its assets until the very last cent and it should have trade with others and have access to its financial resources," he said.
Iraq owes Iran over $6 billion mainly for electricity and gas imports which have been frozen in Iraqi banks.
Board member of Iran – Iraq Joint Chamber of Commerce recently told Fars News Agency that the US has agreed to the release of $3 billion of Iran's financial resources frozen in Iraq, Oman, and South Korea.