News ID: 320274
Published: 0122 GMT February 25, 2022

Iraqi chief banker discusses debts in Tehran

Iraqi chief banker discusses debts in Tehran

A senior delegation from Iraq led by the country’s chief banker held talks with Iranian authorities in Tehran as a report suggested that negotiations between the two neighboring countries have focused on Iraq’s plan to settle a multibillion-dollar debt to Iran in the very near future.

A Thursday report by the IRIB News said that a meeting between Iraqs Central Bank Governor Mustafa Ghaleb and his Iranian counterpart Ali Salehabadi earlier in the day has apparently focused on the settlement of arrears Iraq owe to Iran for energy imports in recent years.

That comes as Iraq is waiting for the outcome of ongoing talks between Iran and world powers in Vienna as the two sides seek to revive a major international agreement on Irans nuclear program, known as the JCPOA, Press TV wrote.

JCPOAs revival will allow the Trade Bank of Iraq (TBI) to repatriate nearly $5 billion in Iranian funds that have remained inaccessible in the bank for the past years because of US sanctions on Tehran.

TBI chief Salem Chalabi, as well as a senior advisor to the Iraqi Prime Minister Mustafa al-Kadhimi, accompanied Ghaleb in his trip to Tehran.

The Iraqi delegation also met Iranian Vice President Mohammad Mokhber on Thursday, said a report by IRNA without elaborating on more details.

Irans chief banker Salehabadi said after meeting with his Iraqi counterpart that the two countries had reached good agreements on expanding their banking and financial relations.

We hope the expansion of bilateral banking ties can cause an increase in the size of economic relations between Iran and Iraq,” said Salehabadi after the meeting.


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