iran, Iraq banking ties to normalize

Baghdad, March 13, IRNA- In a visit with Governor of Central Bank of Iraq, Ali Al Alagh, Iranian ambassador to Iraq said that all banking relations between two countries will return to normal in upcoming days.
Iran, Iraq banking ties to normalize
Hassan Danaie Far told IRNA that all banking services and cooperation will be re-established between the two countries.

An Iranian banking delegation is scheduled to have a trip to Iraq and it is expected to achieve a new understanding during this trip.

In the wake of lifting crippling sanctions imposed on Iran the Central Bank of Iraq employed measures regarding normalization of banking ties.

Experts expect considerable growth in Iraq-Iran bilateral turnover which was announced $12-14 billion for 2014.