Iraqi Prime Minister Mustafa al-Kadhimi has appointed Mustafa Ghaleb as central bank governor and Salem Jawad Abdul Hadi Al-Jalabi as chairman of state-owned Trade Bank of Iraq.
The appointments can and should help return Iran's forex assets blocked in the neighboring country, ILNA reported.
Iraq has not paid its bills related gas and electricity from Iran. Iraqi officials say cannot pay the dues in dollars or euros due to the US sanctions, and offered to pay in dinars.
However, they again had a change of heart and said they would sell basic goods to Iran instead of currency.
September 16, 2020 19:42
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Iraq’s New CB Governor Should Settle Iran’s Pending Energy Bills
It is expected that the changes in the Iraqi cabinet will help resolve long pending financial and banking issues with the Arab neighbor, a spokesman for the Iranian Oil, Gas and Petrochemical Products Exporters' Union said
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