With tens of millions of euros…the Central Bank begins covering retailers’ imports from Turkey

The Central Bank of Iraq began covering retailers’ imports from Turkey with tens of millions of euros as an initial payment, in implementation of the banking arrangements agreement concluded with Turkey last week.

A government source told Al-Sumaria News, “In implementation of the banking arrangements agreement that were concluded with…Türkiye, last week, it started covering imports from retailers Türkiye in tens of millions of euros, through Iraqi merchants paying in Iraqi dinars and the Central Bank strengthening them in euros to settle with Turkish merchants in Turkish lira.

Earlier, he revealed the discussions held by the joint Iraqi delegation in Türkiye…. a statement from the bank; “The discussions conducted by a joint Iraqi delegation (the government, the central bank, the Association of Iraqi Private Banks, and the banking sector represented by a number of private banks) were completed in Istanbul returned to Baghdad on Friday.”

He added, “It was agreed to make banking arrangements between Iraqi banks and their Turkish counterparts through intermediary banks to ensure trade exchange for major merchants and importers and to make and pay transfers in the euro and Turkish lira currencies.”

Alsumaria.tv