Iraq, Iran Central Bank Chiefs Discuss Financial Cooperation
At a Glance
- Iraq and Iran discuss banking ties
- Financial dues and trade addressed
- International compliance emphasized
- Both sides seek wider cooperation
The governors of Iraq’s and Iran’s central banks have met in Baghdad to discuss financial and monetary cooperation and ways to strengthen banking relations between the two countries.
Key Statements and Focus Area
- Nizar Nasser Hussein: Iraq is committed to developing and applying “the best regulatory and banking practices.”
- Trade: The meeting addressed organizing bilateral trade in line with “governance, transparency, and compliance.”
- Iranian position: Tehran expressed its desire to expand horizons of cooperation and joint coordination.
Iraq’s Central Bank Governor Nizar Nasser Hussein received Iran’s Central Bank Governor Abdulnaser Hemmati at the Central Bank of Iraq headquarters in Baghdad.
The meeting was attended by Iranian Ambassador to Iraq Mohammad Kazem al-Sadeq and accompanying delegations from both sides.
The officials held an expanded session covering financial and monetary issues of mutual interest.
They discussed ways to strengthen banking relations between the two neighboring countries and develop cooperation in areas that serve their mutual economic interests.
The two sides also discussed mechanisms for settling outstanding financial dues and organizing bilateral trade exchanges.
The process is to be conducted in accordance with international standards related to governance, transparency, and compliance.
Hussein emphasized the Central Bank of Iraq’s commitment to adopting stronger regulatory and banking practices.
He said these efforts are aimed at maintaining the stability of Iraq’s domestic financial system while expanding regional and international coordination to support the national economy.
Iranian officials, meanwhile, expressed Tehran’s interest in expanding cooperation and coordination with Iraq during the next phase.
FYI
Financial and banking relations between Iraq and Iran remain closely linked to trade between the two neighboring countries. Banking channels, financial settlements, and compliance with international standards have been recurring issues in efforts to facilitate bilateral economic exchanges.
The latest meeting focuses on strengthening coordination between the two central banks while addressing outstanding financial obligations and mechanisms for organizing trade.
Dive Deeper: Handpicked Stories for You
Follow Channel8 for continuous updates:
Rasheed Bank Commences National Bond Interest Payouts
2 hours ago