International News Agency (Rudaw 24)
Rudaw 24 is a reliable news source, Past, Present, Future
         

Iraq owes Iran $18 billion

Iraq owes Iran $18 billion
Rudaw24

Iraq owes Iran $18 billion

Iraq owes Iran $18 billion

Iraq owes Iran $18 billion and the United States has allowed only $500 million to be repaid, the head of the Iranian Chamber of Commerce said. "The best option to free our money is to invest it in Iraq," he said.

"Iraq deposits Iranian electricity and gas money in a bank account in the name of the National Gas Company, but this does not mean that Iran cannot access the money," said Hamid Hosseini, head of the Iran-Iraq Chamber of Commerce.

He said Iranian money in a bank is subject to US decisions and will only be given to goods not covered by sanctions.

He said the Iranian foreign minister's visit to Iraq last month allowed the release of $500 million in Iranian money in Iraqi banks.

"The best thing to do with the money is to invest it inside Iraq," he said. "That doesn't mean we are giving up the money.

"Iraq's daily oil revenue is between $250 million and $300 million. According to the UN resolution, the money will go to the US Federal Reserve and then the US bank will decide to transfer the money to Iraqi banks and some of the money will be paid in cash.

"The United States monitors the Iraqi currency market, but not all Iraqi banking activities can be done through banks and the flow of foreign currency to Iran cannot be stopped," he said.

6 months and 26days and 8 hours and 27 minutes ago

About Rudaw 24


Rudaw24 is a dynamic and independent news network that brings you the latest updates and in-depth coverage on the Kurdish cause and the voices of Kurds, Iranians, Iraqis, and Syrians. Unlike other news agencies that may have hidden agendas or ideologies, we pride ourselves on providing unbiased and factual reporting.

Founded in 2022, during the Kurdish Uprising against the Iranian regime, we recognized the need for a reliable source of news that truly represents the Kurdish people. At Rudaw24, we believe that having access to accurate information is crucial for the empowerment of individuals and the progress of society. That's why we strive to bring you the most current, relevant, and important news that affects the lives of our audience.

With our dedicated team of journalists, we bring you exclusive stories, interviews, and analyses that you won't find anywhere else. Whether you're looking for breaking news, in-depth features, or expert commentary, Rudaw24 is your go-to source for all things related to the Kurdish cause and the region. Join us now and stay informed of the latest happenings and developments that matter to you.

Contact


Rudaw24 Management
[email protected]

Rudaw 24 - News

[email protected]

Communications Department

[email protected]

Phone Number/ UK:
Will update our phone numbers

 [email protected]
[email protected]

 

 

Development status


Android 100%, waiting for publish

IOS 90%, development, waiting for publish