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Iran- Iraq Chamber Seeking New Channel for Revenue Repatriation

Iran- Iraq Chamber Seeking New Channel for Revenue Repatriation
Iran- Iraq Chamber Seeking New Channel for Revenue Repatriation

Iran is looking for a new channel to repatriate currency earrings from exports to Iraq, secretary general of the Joint Iran-Iraq Chamber of Commerce said.  
Regarding a directive issued by the Central Bank of Iran, which outlines non-export currency repatriation rules, Hamid Hosseini said the chamber is in talks with the CBI over an alternative channel, different from the one mandated by the CBI, for returning the currency earnings from Iraq. 
Sharing details of the plan with Fars News Agency, he said it includes provisions for exporters to sell their earnings in Iraqi dinar and receive the equivalent in rials either from banks or exchange offices in Iraq. 

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