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Memorandum of Understanding Signed for Banking Cooperation Between Iraq and Iran

In a statement, the two-day talks concentrated on completing the procedures to hold the joint banking committee during the coming two weeks.

Teheran/ Iraq TradeLink: Iranian Central Bank announced that talks were held with the Iraqi Trade Bank of Iraq (TBI) to coordinate financial cooperation.

In a statement, the two-day talks concentrated on completing the procedures to hold the joint banking committee during the coming two weeks.

The meetings were to follow up the cooperation agreement between Iranian and Iraqi central banks signed last year, the statement added.

It pointed out that the memorandum stipulated opening accounts in Euro currency and the mechanisms for settlement of financial obligations in local currencies.
Source: Iraq TradeLink

 

 

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