On Tuesday, the Iranian Minister of Industry, Mines, and Trade met with the Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, to discuss the chance of using both countries’ currencies for trade and money transfers.
A release from Prime Minister Muhammad Shiaa Al-Sudani’s media office said that he met with Abbas Aliabadi, the Minister of Industry, Mines, and Trade of the Islamic Republic of Iran, to discuss how the two countries can work together economically. The meeting was mostly about improving and strengthening their relationship and exchange in different areas and levels.
Al-Sudani said Iraq was ready to work with other countries more on the petroleum and fertilizer industries because they play a big part in helping the country grow.
The statement says the Iranian Minister sent wishes from Ebrahim Raisi, President of the Islamic Republic of Iran. In light of the economic problems the world and the area are facing, he stressed how important it was to move forward with economic integration projects that would work.
According to the formal statement, the people who attended the meeting discussed the possibility of switching to their own national currencies for trade and money transfers between the two countries. Ultimately, this move would be good for both countries because it would give them more options in dealing with each other.
