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Iraq | Iraq, Iran's Central Bank Governors Discuss Banking Issues between the Two Countries

Governor of Iraq's Central Bank Mustafa Ghalib Mukheef met his Iranian counterpart Abdolnasser Hemmati and stressed resolve to settle banking issues with Iran, adding that Iraq will soon adopt necessary mechanisms.

Ghalib Mukheef stressed that Iraq is trying to continue banking cooperation with Iran and to take advantage of Tehran's cooperation in financial and banking fields.

He noted that there are some mechanisms for helping reinforce banking and monetary cooperation between two countries and solving problems.

The Iraqi senior official further said that he has proposed forming a joint committee with participation of both countries' banking and financial officials with the aim of working out solutions for the existing issues.

Hemmati, for his part, expressed hope that the complicated banking issues between two countries will be solved soon.

Tehran attaches importance to developing cooperation with Baghdad more than ever, he added.

Hemmati arrived in the Iraqi capital Baghdad on Monday morning for a one-day visit to expand banking cooperation.

He headed a delegation to Baghdad to expand banking cooperation in the field of trade relations and to meet with Iraqi high-ranking officials, including the Prime Minister Mustafa al-Kazemi, the Minister of Finance Ali Abdul-Amir Allawi as well as the Governor of the Central Bank of Iraq Mustafa Ghaleb and Trade Bank Governor Salem Jawad Abdul Hadi Al-Jalabi.

This is the second visit of the Governor of the Central Bank of the Islamic Republic of Iran to Iraq in the last four months.