Iraq to speed up debt repayment to Iran: minister
Iraqi Finance Minister Fuad Hussein says the newly devised mechanism of payment will expedite Iraq electricity and gas debt repayment to Iran.
Hussein made the remarks in a meeting with Governor General of Iran's Central Bank (CBI) Abdulnasser Hemati in Baghdad on Wednesday.
The minister stressed on expediting repayment of the debts to Iranian party.
Hemmati, for his part, said that Iran well understands Iraq central bank limitations due to the sanctions conditions. “We are flexible enough to cooperate within the same framework; the Tuesday night agreement between the central banks of the two sides to start monetary exchanges is appropriate.”
He hoped that the two sides will take solid stances to promote bilateral relations.
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