Iran and Iraq to set-up a joint bank

The Iraqi trade attache in Iran Shaker Rawan Al-Daami has declared that the two countries have agreed to establish a joint bank to facilitate financial transactions between them.

The Iranian Students News Agency (ISNA) quoted Al-Daami as saying that an Iraqi delegation visited Iran several months ago and signed a memorandum of understating with Iranian officials to facilitate monetary transactions between the two countries, and they decided to establish a joint bank.

During his time at the Tehran exhibition for international trade, the Iraqi trade attache pointed to the damage inflicted on Iraqi infrastructure recently, highlighting the urgent need for taking steps in order to rebuild it. Iraq is in serious need of assistance to achieve its goal, he added.

Al-Daami spoke about the dynamic trade and economic cooperation between the two countries, calling on Iranian companies to participate in the international trade fairs that will be held in Erbil and Basra so as to strengthen cooperation between the two countries.