Tehran (IP)- "Iraq has paid part of its $ 7 billion debt to Iran," the head of the Iran-Iraq Joint Chamber of Commerce Yahya Al Eshagh said.

Iran PressMiddle East: Yahya Al-Eshagh said receiving the debts continues based on an agreement between the central banks of the two countries.

According to Al- Eshagh, most of Iraq's debt to Iran is related to selling and exporting gas and electricity to that country.

He added that the Central Banks of Iran and Iraq have an agreement under which the Iranian Central Bank will spend part of the receivables to purchase the required items through Iraq, and the other part will be paid to Iran in banknotes.

Al Eshagh said since the exports to Iraq continue with partial payment, Iraq’s debts to Iran remain in the range of 5 to 7 billion dollars, and consultations are underway to reduce this total amount and collect the total claims.


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