Iraq and Iran are discussing the possibility of using the two countries’ currencies in trade exchange and financial transfers

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Iraq and Iran are discussing the possibility of using the two countries’ currencies in trade exchange and financial transfers
Iraq and Iran are discussing the possibility of using the two countries’ currencies in trade exchange and financial transfers

The Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, discussed the possibility of using both countries’ currencies for trade and financial transfers with the Iranian Minister of Industry, Mines and Trade on Tuesday.

The media office of Prime Minister Muhammad Shiaa Al-Sudani issued a statement stating that he met with Abbas Aliabadi, the Minister of Industry, Mines and Trade of the Islamic Republic of Iran, to discuss economic relations between the two countries. The meeting focused on ways to enhance and strengthen the exchange and partnership between them in various fields and at different levels.

Al-Sudani expressed Iraq’s willingness to expand cooperation in petrochemical and fertilizer industries, recognizing their significant role in promoting domestic development.

According to the statement, the Iranian Minister conveyed the greetings of the President of the Islamic Republic of Iran, Ebrahim Raisi. He emphasized the necessity of proceeding with fruitful economic integration projects, in the face of the economic challenges witnessed by the region and the world.

During the meeting, as stated in the official statement, the attendees discussed the potential of shifting towards utilizing their respective national currencies for trade and financial transfers between the two nations. This move would provide both countries with more flexibility in their dealings with each other, ultimately benefiting both parties involved.

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