Iran Proposes Visa-Free Regime with Iraq, Trade in Own Currencies

Iran’s first vice-president put forward a proposal to lift visa requirements for the Iranian and Iraqi travelers, and also called for trade exchanges between the two countries using their own currencies, namely rial and dinar.

Addressing a meeting of high-ranking delegations from Iran and Iraq, attended by the visiting Iraqi Prime Minister Haider al-Abadi and held in Tehran on Tuesday, Iranian First Vice-President Eshaq Jahangiri called for the expansion of banking cooperation between the two neighbors by removing the trade obstacles.

To that end, he proposed, Iran and Iraq can begin to trade using their national currencies.

Jahangiri then noted that the political, economic and security cooperation between Iran and Iraq has reached such a high level that they need to formulate a “comprehensive document on trade and economic cooperation.”

The vice president also pointed to the huge number of Iranian pilgrims traveling to Iraq every year, suggesting that Tehran and Baghdad should sign an agreement to lift the visa restrictions.

For his part, the visiting Iraqi prime minister voiced Baghdad’s readiness to boost relations with Tehran in all fields.

Iraq and Iran are in the same front in the fight against terrorism, Abadi added, saying the Takfiri terrorist groups in the Arab country are on the brink of destruction.

Heading a delegation, Abadi arrived in Tehran on Tuesday and held meetings with Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei and with Iranian President Hassan Rouhani.

(Source: Tasnim, under Creative Commons licence)

3 Responses to Iran Proposes Visa-Free Regime with Iraq, Trade in Own Currencies

  1. Robert Neal June 22, 2017 at 7:14 pm #

    We must look at the long run of this Exchanging of IQN In the USA. with this exchange stability, mines new Ideals of new devilment in real state, new schools, Tared schooling in fire fighting ages of 14 to 21 Taine Iraqi’s students to put out fires. funding need is $5.7 Million is needed this is for a nonprofit company in the USA. Housing, transportation, Food education, clothing, each student will get a cash allotment of $2,000 per house hold. For five years only. at this time we are needing 5,000 new students girls and boy.

  2. Robert Neal June 22, 2017 at 7:49 pm #

    Can Central bank just open a new bank in USA. That will exchange IQN currency. Central Bank of Iraq Governor Ismail can you agreed to exchange rate of $2.90 x 25,000 Dinars = to $72, 500.00 on each 25,000 Dinars. American Exchange will not exchange IQD currency of the 1900 Only 2000 to 2017 by exchanging IQN currency, American Exchange will get there $128.08 Trillion in exchange funding like to start this today. Iraq becomes a place to work to bank to Exchange give at starting date exchange IQN.

  3. TIM COOKE June 26, 2017 at 4:56 am #

    WHAT IS THE EXCHANG RATE OF $25,000 IN THE USA.

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