News ID: 275458
Published: 0751 GMT October 12, 2020

Iraq to release Iranian accumulated assets: CBI governor

Iraq to release Iranian accumulated assets: CBI governor

The Trade Bank of Iraq (TBI) has agreed to release Iran's exports revenues and financial resources accumulated in the Iraqi banks, the governor of Central Bank of Iran (CBI), currently in Iraq, said on Monday.

Abdolnaser Hemmati said the announcement was made during a trilateral meeting with governors of the Iraqi Central Bank Ghalib Makhif and the Governor of the Iraqi Trade Bank Salem Jawad Abdul Hadi Al-Jalabi in Baghdad, Mehr News Agency (MNA) reported.

He added the assets are to be used for purchasing basic goods to supply the need of the Iranians demands which are exempted from oppressive and unilateral US sanctions.

Hemmati added that in the meeting, constructive negotiations have been held between the sides.

He added Prime Minister of Iraq Mustafa Al-Kadhimi has expressed content about the accorded agreement. Hemmati said that the Iraqi PM has vowed to weekly follow up on the implementation of the agreement.

As the CBI governor explained, Tehran has huge financial resources in Iraqi banks due to its exports of electricity and gas to Iraq.

Hemmati expressed hope that the made agreement would end into taking positive steps in developing economic and banking relations with Iraq and the expansion of mutual banking and economic relations.

Heading a high-ranking banking and business delegation, Hemmati arrived in Baghdad Monday morning on a one-day visit to meet with senior Iraqi officials, including the prime minister and Minister of Finance Ali Abdul Amir Allawi and the country's banking officials.

Resource: MNA
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