Iran has a trade deal with Iraq that will allow it to access funds stranded in Baghdad due to US sanctions, according to the Islamic Republic News Agency's official news agency.
The head of Iran's central bank, Abdul
Nasser Hemmati, visited Baghdad on Monday to finalize the deal, which would
allow Iran to export energy to buy essential goods from Iraq, the IRNA
reported. May use payments collected from It did not provide any data or time
frame for the agreement.
In June, Iranian Energy Minister Reza
Erdogan said Iraq owed Iran at least 800 800 million for electricity imports.
In February last year, Tehran said it owed Iraq about $ 2 billion in natural
gas.
In the year ending March 2019, Iraq was
Iran's second-largest trading partner after China, according to Iranian customs
data. Imports from Iraq increased by only $ 58 million.
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