Baghdad is ready to establish a joint bank with Tehran and reveal the damage of industries

The head of the Federation of Iraqi Chambers of Commerce Jaafar al-Hamdani, Baghdad’s readiness to establish a joint Iranian-Iraqi bank.

During a joint meeting of Iranian and Iraqi economic activists in Tehran, al-Hamdani thanked Iran for its support of Iraq in fighting Da’ash.

“In these circumstances, the whole world gave up Iraq, but Iran has put all its financial, military and popular resources to support Iraq and today it is still doing so,” he said.

The head of the Federation of Iraqi Chambers of Commerce noted the banking problems between Iran and Iraq, stressing that there are different mechanisms to raise this problem, pointing out the need to benefit from them for the transfer of capital.

He pointed out that the two sides are using local and joint banks to overcome this problem, noting that in the case of the desire of Iranian banks, the two sides can establish joint Iranian-Iraqi banks.

Al-Hamdani pointed out that some of the Iraqi industries were damaged during the war on a duel, pointing out that these factories could be reopened through Iranian support.