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

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

The media office of Prime Minister Muhammad Shiaa Al-Sudani released a statement indicating that he met with Abbas Aliabadi, the Minister of Industry, Mines, and Trade of the Islamic Republic of Iran. During the meeting, they discussed ways to enhance and strengthen economic relations between the two countries, as well as promoting exchange and partnership in various fields and levels. The statement was received by [insert name or organization who received the statement].

Al-Sudani expressed Iraq’s readiness to cooperate with other countries in the petrochemical and fertilizer industries, which have a strong impact on internal development.

During the meeting, the Iranian Minister conveyed the greetings of President Ebrahim Raisi and emphasized the importance of pursuing productive economic integration projects to overcome the current economic challenges faced by the region and the world.

The statement released after the meeting mentioned a discussion about the potential use of national currencies in trade exchange and bilateral financial transfers between the two countries. This would provide more flexibility in dealing and benefit both countries.