The Central Bank of Iran announced the sale of 300 million euros held in its account in Iraq through the local electronic platform “Nima” for foreign exchange trading.
The bank said in a statement that the sale came after successful negotiations with the Central Bank of Iraq and one of its subsidiary commercial banks, as well as after a year-long break, and that the amount was sold directly, while the process will continue in the coming days, according to the Iranian news agency Fars, today, Saturday.
The central bank added that with this breakthrough, merchants can accelerate the pace of commercial and banking transactions with funds in Iraq to quickly and adequately cover imports of essential commodities.
